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Innovest Global (Innovest Global) Accounts Receivable : $0.02 Mil (As of Jun. 2009)


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What is Innovest Global Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Innovest Global's accounts receivables for the quarter that ended in Jun. 2009 was $0.02 Mil.

Accounts receivable can be measured by Days Sales Outstanding.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Innovest Global's Net-Net Working Capital per share for the quarter that ended in Jun. 2009 was $-2,880.94.


Innovest Global Accounts Receivable Historical Data

The historical data trend for Innovest Global'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.

Innovest Global Accounts Receivable Chart

Innovest Global Annual Data
Trend Dec03 Dec04 Dec05 Dec06 Dec07 Dec08
Accounts Receivable
Get a 7-Day Free Trial 0.03 0.04 0.03 0.01 0.01

Innovest Global Quarterly Data
Sep04 Dec04 Mar05 Jun05 Sep05 Dec05 Mar06 Jun06 Sep06 Dec06 Mar07 Jun07 Sep07 Dec07 Mar08 Jun08 Sep08 Dec08 Mar09 Jun09
Accounts Receivable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.08 0.15 0.01 0.02 0.02

Innovest Global Accounts Receivable Calculation

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


Innovest Global 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.

Innovest Global's Days Sales Outstanding for the quarter that ended in Jun. 2009 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0.018/0*91
=

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

Innovest Global's Net-Net Working Capital Per Share for the quarter that ended in Jun. 2009 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+0.75 * 0.018+0.5 * 0-4.623
-0-0)/0.0016
=-2,880.94

* 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.


Innovest Global Accounts Receivable Related Terms

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Innovest Global (Innovest Global) Business Description

Traded in Other Exchanges
N/A
Address
8834 Mayfield Road, Chesterland, OH, USA, 44026
Innovest Global Inc is a diversified Industrial company. It operates in six segments: Energy Solutions, which provides an all-in-one offering of procurement and efficiency solutions for commercial and industrial customers, including LED lighting and retrofits; Energy Brokerage segment provides competitive electricity and natural gas purchase programs for residential and commercial consumers; Call Center Services; Building Solutions segment designs, engineers, tests and assembles curtainwall systems or other building solutions used in large custom construction projects; Wholesale Purchasing, which acts as a national distributor of roofing, windows, fasteners, and associated tools and accessories; and Others segment.