Moving iMage Technologies (Moving iMage Technologies) Accounts Receivable : $1.14 Mil (As of Dec. 2023)

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What is Moving iMage Technologies Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Moving iMage Technologies's accounts receivables for the quarter that ended in Dec. 2023 was $1.14 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Moving iMage Technologies's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 31.80.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Moving iMage Technologies's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $0.27.

Moving iMage Technologies Accounts Receivable Historical Data

The historical data trend for Moving iMage Technologies'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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Moving iMage Technologies Accounts Receivable Chart

Moving iMage Technologies Annual Data

Trend

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Accounts Receivable

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2.13

0.81

0.45

1.76

0.91

Moving iMage Technologies Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Accounts Receivable	Get a 7-Day Free Trial															1.42	0.98	0.91	2.04	1.14

Moving iMage Technologies Accounts Receivable Calculation

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

Moving iMage Technologies 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.

Moving iMage Technologies's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	1.138	/	3.265	*	91
=	31.80

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

Moving iMage Technologies's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 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)
=	(5.139	+	0.75 * 1.138	+	0.5 * 4.459	-	5.341
-	0	-	0)	/	10.5766
=	0.27

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.

Moving iMage Technologies Accounts Receivable Related Terms

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Moving iMage Technologies (Moving iMage Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Moving iMage Technologies Inc (AMEX:MITQ) » Definitions » Accounts Receivable

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N/A

Address

17760 Newhope Street, Fountain Valley, CA, USA, 92708

Website

http://www.movingimagetech.com

Moving iMage Technologies Inc is engaged in providing designed equipment as well as other off the shelf cinema products needed for contemporary cinema requirements. It offers technical, design and consulting services such as custom engineering, systems design, integration and installation, and digital technology, as well as software solutions for operations enhancement and theatre management.

Executives

William F Greene	officer: Interim CFO	12220 EL CAMINO REAL #410, CARLSBAD CA 92130
Philip L. Rafnson	director, 10 percent owner, officer: CEO, Pres.	17760 NEWHOPE STREET, IRVINE CA 92708
Bevan Wright	officer: EVP Operations	17760 NEWHOPE STREET, FOUNTAIN VALLEY CA 92708
John Stiska	director
Katherine D Crothall	director	2425 S. BLUE CRANE DRIVE, JACKSON WY 83001
Jose Delgado	officer: EVP Sales & Marketing	11760 NEWHOPE STREET, FOUNTAIN VALLEY CA 92708
Michael R. Sherman	officer: CFO	17760 NEWHOPE STREET, FOUNTAIN VALLEY CA 92708
Scott Lloyd Anderson	director	17760 NEWHOPE STREET, FOUNTAIN VALLEY CA 92075
Sound Management Investors, Llc	10 percent owner	11109 XYLON AVENUE S, BLOOMINGTON MN 55438