Accounts Receivable are created when a customer has received a product but has not yet paid for that product. IPE Universal's accounts receivables for the quarter that ended in Jun. 2012 was $2.32 Mil.
Accounts receivable can be measured by Days Sales Outstanding.
IPE Universal's Days Sales Outstanding for the quarter that ended in Jun. 2012 was 27.48.
In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. IPE Universal's Net-Net Working Capital per share for the quarter that ended in Jun. 2012 was $-512.39.
IPE Universal Accounts Receivable Historical Data
The historical data trend for IPE Universal'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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IPE Universal Accounts Receivable Chart
IPE Universal Annual Data
Trend
Jun09
Jun10
Jun11
Accounts Receivable
-
3.07
1.37
IPE Universal Semi-Annual Data
Jun09
Jun10
Jun11
Jun12
Accounts Receivable
-
3.07
1.37
2.32
IPE Universal Accounts Receivable Calculation
Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.
IPE Universal 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.
IPE Universal's Days Sales Outstanding for the quarter that ended in Jun. 2012 is calculated as:
2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), IPE Universal's accounts receivable are only considered to be worth 75% of book value:
IPE Universal's Net-Net Working Capital Per Share for the quarter that ended in Jun. 2012 is calculated as:
* 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.
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.
IPE Universal Accounts Receivable Related Terms
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IPE Universal Inc is engaged in developing childhood education software systems. The company is engaged in high-tech business developing early childhood education software systems located in Taiwan and China. The company also provides education programs, products, services and technological products but also licenses IP services to businesses, NFTs, Crypto, Virtual Real Estate, Metaverse (Virtual World), and merchandise.
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