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Itoco (ITMC) Accounts Receivable : $0.12 Mil (As of Sep. 2010)


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What is Itoco Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Itoco's accounts receivables for the quarter that ended in Sep. 2010 was $0.12 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Itoco's Days Sales Outstanding for the quarter that ended in Sep. 2010 was 1,012.05.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Itoco's Net-Net Working Capital per share for the quarter that ended in Sep. 2010 was $-179.45.


Itoco Accounts Receivable Historical Data

The historical data trend for Itoco'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.

* Premium members only.

Itoco Accounts Receivable Chart

Itoco Annual Data
Trend Dec08 Dec09
Accounts Receivable
- -

Itoco Quarterly Data
Mar08 Jun08 Sep08 Dec08 Mar09 Jun09 Sep09 Dec09 Mar10 Jun10 Sep10
Accounts Receivable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only - - 0.02 0.14 0.12

Itoco Accounts Receivable Calculation

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


Itoco 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.

Itoco's Days Sales Outstanding for the quarter that ended in Sep. 2010 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0.122/0.011*91
=1,012.05

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

Itoco's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2010 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)
=(0.001+0.75 * 0.122+0.5 * 0.057-5.483
-0-0)/0.02988
=-179.45

* 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.


Itoco Accounts Receivable Related Terms

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Itoco (ITMC) Business Description

Traded in Other Exchanges
N/A
Address
50 West Liberty Street, Suite 880, Reno, NV, USA, 89501
Itoco Inc is focused on developing and bringing biotech products to the market via co-development and joint venture arrangements with various companies. The company is currently examining various technologies that seek to control and/or identify bio-contaminants such as viruses and bacteria.