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Invista European Real Estate Trust SICAF (LSE:IERE) Accounts Receivable : £0.00 Mil (As of Mar. 2015)


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What is Invista European Real Estate Trust SICAF Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Invista European Real Estate Trust SICAF's accounts receivables for the quarter that ended in Mar. 2015 was £0.00 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Invista European Real Estate Trust SICAF's Days Sales Outstanding for the quarter that ended in Mar. 2015 was 0.00.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Invista European Real Estate Trust SICAF's Net-Net Working Capital per share for the quarter that ended in Mar. 2015 was £-0.76.


Invista European Real Estate Trust SICAF Accounts Receivable Historical Data

The historical data trend for Invista European Real Estate Trust SICAF'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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Invista European Real Estate Trust SICAF Accounts Receivable Chart

Invista European Real Estate Trust SICAF Annual Data
Trend Sep08 Sep09 Sep10 Sep11 Sep12 Sep13 Sep14
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Invista European Real Estate Trust SICAF Semi-Annual Data
Sep08 Mar09 Sep09 Mar10 Sep10 Mar11 Sep11 Mar12 Sep12 Mar13 Sep13 Mar14 Sep14 Mar15
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Invista European Real Estate Trust SICAF Accounts Receivable Calculation

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


Invista European Real Estate Trust SICAF 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.

Invista European Real Estate Trust SICAF's Days Sales Outstanding for the quarter that ended in Mar. 2015 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0/8.809*91
=0.00

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

Invista European Real Estate Trust SICAF's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2015 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+0.5 * 0-198.569
-0-0)/259.98
=-0.76

* 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.


Invista European Real Estate Trust SICAF Accounts Receivable Related Terms

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Invista European Real Estate Trust SICAF (LSE:IERE) Business Description

Traded in Other Exchanges
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Address
Invista European Real Estate Trust SICAF is a closed ended investment company incorporated as a societe anonyme under the laws of Luxembourg on 6 June 2005. The Company evaluates, makes and actively manages direct and indirect investments in real estate in Continental European countries. The Company is a public limited liability company incorporated for an unlimited term. It aims to provide shareholders through investing in a diversified commercial real estate portfolio in Continental Europe with the potential for income and capital growth. The geographical focus remains the Western European countries due to the relative stability, transparency and liquidity of these markets.

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