Integrated Environmental Technologies (Integrated Environmental Technologies) Accounts Receivable : $0.03 Mil (As of Sep. 2016)

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What is Integrated Environmental Technologies Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Integrated Environmental Technologies's accounts receivables for the quarter that ended in Sep. 2016 was $0.03 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Integrated Environmental Technologies's Days Sales Outstanding for the quarter that ended in Sep. 2016 was 44.00.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Integrated Environmental Technologies's Net-Net Working Capital per share for the quarter that ended in Sep. 2016 was $-0.01.

Integrated Environmental Technologies Accounts Receivable Historical Data

The historical data trend for Integrated Environmental Technologies's Accounts Receivable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Integrated Environmental Technologies Accounts Receivable Chart

Integrated Environmental Technologies Annual Data

Trend

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Accounts Receivable

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0.01

0.03

0.04

Integrated Environmental Technologies Quarterly Data
	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16
Accounts Receivable	Get a 7-Day Free Trial															0.07	0.04	0.04	0.08	0.03

Integrated Environmental Technologies Accounts Receivable Calculation

Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.

Integrated Environmental Technologies Accounts Receivable Explanation

1. Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's accounts receivables are being managed.

Integrated Environmental Technologies's Days Sales Outstanding for the quarter that ended in Sep. 2016 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.027	/	0.056	*	91
=	44.00

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Integrated Environmental Technologies's accounts receivable are only considered to be worth 75% of book value:

Integrated Environmental Technologies's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2016 is calculated as:

	Net-Net Working Capital Per Share
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(0.229	+	0.75 * 0.027	+	0.5 * 0.125	-	2.655
-	0	-	0)	/	320.571
=	-0.01

Be Aware

Net receivables tells us a great deal about the different competitors in the same industry. In competitive industries, some attempt to gain advantage by offering better credit terms, causing increase in sales and receivables.

If company consistently shows lower % Net receivables to gross sales than competitors, then it usually has some kind of competitive advantage which requires further digging.

Average Days Sales Outstanding is a good indicator for measuring a company's sales channel and customers. A company may book great revenue and earnings growth but never receive payment from their customers. This may force a write-off in the future and depress future earnings.

Integrated Environmental Technologies Accounts Receivable Related Terms

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Integrated Environmental Technologies (Integrated Environmental Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Integrated Environmental Technologies Ltd (OTCPK:IEVM) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

4235 Commerce Street, Little River, SC, USA, 29566

Website

http://www.ecotreatments.com

Integrated Environmental Technologies Ltd is a US based company engaged in the production of a hypochlorous acid based solution, commonly known as anolyte and anti-oxidizing, mildly alkaline solution, commonly known as catholyte. It markets anolyte under the brand name Excelyte and catholyte under the brand name Catholyte Zero. The group also manufactures equipment to produce Excelyte and Catholyte Zero. It sells the products to customers in the oil and gas industry and in other industries. Its oil and gas customers are located in Utah, New Mexico and Texas and the other customers are located in the geographical regions throughout the US. The firm segments its activities in the oil and gas business into three categories, Well Maintenance, Drilling and Completions and Water Remediation.

Executives

Lavance David R Jr	director, officer: President and CEO	C/O HOLOGIC, INC., BEDFORD MA 01730
Anthony Iii Giordano	director	4 KELLY LANE, LONG BRANCH NJ 07740
Kubacki Raymond C Jr	director	125 NAGOG PARK, ACTON MA 01720
William E Prince	director, officer: President & CEO
Paul Branagan	other: Former Director of the Company
Gary Grieco	10 percent owner	10457 W. 84TH TERRACE, LENEXA KS 66214

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