International Market Centers (International Market Centers) Accounts Receivable : $27.59 Mil (As of Dec. 2014)

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What is International Market Centers Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. International Market Centers's accounts receivables for the quarter that ended in Dec. 2014 was $27.59 Mil.

Accounts receivable can be measured by Days Sales Outstanding. International Market Centers's Days Sales Outstanding for the quarter that ended in Dec. 2014 was 30.93.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. International Market Centers's Net-Net Working Capital per share for the quarter that ended in Dec. 2014 was $-11.18.

International Market Centers Accounts Receivable Historical Data

The historical data trend for International Market Centers'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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International Market Centers Accounts Receivable Chart

International Market Centers Annual Data

Trend

Dec12

Dec13

Dec14

Accounts Receivable

24.17

28.48

27.59

International Market Centers Semi-Annual Data
	Dec12	Dec13	Dec14
Accounts Receivable	24.17	28.48	27.59

International Market Centers Accounts Receivable Calculation

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

International Market Centers 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.

International Market Centers's Days Sales Outstanding for the quarter that ended in Dec. 2014 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	27.593	/	162.801	*	91
=	30.93

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

International Market Centers's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2014 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)
=	(24.177	+	0.75 * 27.593	+	0.5 * 0	-	599.279
-	0	-	0)	/	49.600
=	-11.18

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.

International Market Centers Accounts Receivable Related Terms

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International Market Centers (International Market Centers) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » International Market Centers Inc (NYSE:IMC) » Definitions » Accounts Receivable

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Traded in Other Exchanges

N/A

Address

Website

http://www.imcenters.com

International Market Centers Inc was incorporated in Maryland on June 27, 2014. The Company is structured as an internally-managed REIT. The Company is the owner and operator of permanent business-to-business showroom space in North America for the home furniture industry and owners and operators of permanent business-to-business showroom space for the home dÃ©cor and gift industries. The Company owns approximately 11.9 million gross square feet of showroom space across 13 buildings in High Point, North Carolina and three buildings and three exhibition pavilions in Las Vegas, Nevada. The Company leases its space on a long-term basis to manufacturers and suppliers of home furniture, home dÃ©cor and gift products that participate in the Company's Markets. The Company faces competition from other Markets that serve manufacturers and suppliers and buyers of home furniture, home dÃ©cor and gift products.

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