Industria Automotriz de CV (MEX:IASASA) Accounts Receivable: MXN11.68 Mil (As of Jun. 2011)

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What is Industria Automotriz de CV Accounts Receivable?

Industria Automotriz de CV MEX:IASASA Accounts Receivable is MXN11.68 Mil as of Jun. 2011.

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Industria Automotriz de CV's accounts receivables for the quarter that ended in Jun. 2011 was MXN11.68 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Industria Automotriz de CV's Days Sales Outstanding for the quarter that ended in Jun. 2011 was 110.12.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Industria Automotriz de CV's Net-Net Working Capital per share for the quarter that ended in Jun. 2011 was MXN-72.31.


Industria Automotriz de CV 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.

Industria Automotriz de CV's Days Sales Outstanding for the quarter that ended in Jun. 2011 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=11.684/9.682*91
=110.12

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

Industria Automotriz de CV's Net-Net Working Capital Per Share for the quarter that ended in Jun. 2011 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)
=(2.839+0.75 * 11.684+0.5 * 1.501-938.048
-0-0)/12.801
=-72.31

* 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.


Industria Automotriz de CV Accounts Receivable Related Terms


Industria Automotriz de CV Accounts Receivable Historical Data

* Premium members only.

The historical data trend for Industria Automotriz de CV'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.

Industria Automotriz de CV Accounts Receivable Chart

Industria Automotriz de CV Annual Data
Trend Dec07 Dec08 Dec09
Accounts Receivable
0.00 0.00 0.00

Industria Automotriz de CV Quarterly Data
Dec07 Dec08 Sep09 Dec09 Mar10 Jun10 Sep10 Mar11 Jun11
Accounts Receivable Get a 7-Day Free Trial Premium Member Only 0.00 0.00 20.30 19.94 11.68

Industria Automotriz de CV Accounts Receivable Calculation

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

Frequently Asked Questions Learn more about Accounts Receivable →
What does a Accounts Receivable of MXN11.68 Mil mean?
Industria Automotriz de CV (MEX:IASASA) has a Accounts Receivable of MXN11.68 Mil as of Jun. 2011. Accounts receivable is the amount a company expects to receive from credit-extending customers. View historical data on Industria Automotriz de CV and its competitors.
Is Industria Automotriz de CV's Accounts Receivable too high?
Industria Automotriz de CV's current Accounts Receivable is MXN11.68 Mil.
How does Industria Automotriz de CV's Accounts Receivable compare to CSHEF and AMTY?
Industria Automotriz de CV's Accounts Receivable of MXN11.68 Mil can be compared against companies in the Vehicles & Parts industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Accounts Receivable for a Vehicles & Parts company?
A good Accounts Receivable depends on the Vehicles & Parts industry context. However, Accounts Receivable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Accounts Receivable mean?
A high Accounts Receivable can signal that a stock is expensive relative to its fundamentals. Accounts receivable is the amount a company expects to receive from credit-extending customers. View historical data on Industria Automotriz de CV and its competitors. Industria Automotriz de CV's current Accounts Receivable is MXN11.68 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Industria Automotriz de CV stock overvalued right now?
Industria Automotriz de CV (MEX:IASASA) has a current Accounts Receivable of MXN11.68 Mil. The current Accounts Receivable is MXN11.68 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Accounts Receivable calculated?
Accounts Receivable is calculated from a company's financial statements. For Industria Automotriz de CV (MEX:IASASA), the current Accounts Receivable is MXN11.68 Mil as of Jun. 2011. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Industria Automotriz de CV Business Description

Address Avenida Universidad 1011, San Nicolas de los Garza, NL, MEX, 66400
Industria Automotriz SA de CV is engaged in manufacturing of stamping, assemblies and subassemblies for the automotive industry. The company also manufactures dies and tool, assembly attachments and attachments to check the produced pieces.