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Micro Imaging Technology (Micro Imaging Technology) Accounts Receivable : $0.00 Mil (As of Jul. 2014)


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What is Micro Imaging Technology Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Micro Imaging Technology's accounts receivables for the quarter that ended in Jul. 2014 was $0.00 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. Micro Imaging Technology's Net-Net Working Capital per share for the quarter that ended in Jul. 2014 was $-0.20.


Micro Imaging Technology Accounts Receivable Historical Data

The historical data trend for Micro Imaging Technology'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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Micro Imaging Technology Accounts Receivable Chart

Micro Imaging Technology Annual Data
Trend Oct04 Oct05 Oct06 Oct07 Oct08 Oct09 Oct10 Oct11 Oct12 Oct13
Accounts Receivable
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Micro Imaging Technology Quarterly Data
Oct09 Jan10 Apr10 Jul10 Oct10 Jan11 Apr11 Jul11 Oct11 Jan12 Apr12 Jul12 Oct12 Jan13 Apr13 Jul13 Oct13 Jan14 Apr14 Jul14
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Micro Imaging Technology Accounts Receivable Calculation

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


Micro Imaging Technology 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.

Micro Imaging Technology's Days Sales Outstanding for the quarter that ended in Jul. 2014 is calculated as:

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

Micro Imaging Technology's Net-Net Working Capital Per Share for the quarter that ended in Jul. 2014 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 * 0.067-1.571
-0-0)/7.67081
=-0.20

* 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.


Micro Imaging Technology Accounts Receivable Related Terms

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Micro Imaging Technology (Micro Imaging Technology) Business Description

Traded in Other Exchanges
N/A
Address
970 Calle Amanecer, Suite F, San Clemente, CA, USA, 92673
Micro Imaging Technology Inc (MIT) is an engaged in developing and manufacturing of laser-based microbial identification system. The device uses the principles of light scattering to discriminate various bacteria cells that are suspended in filtered water. Its MIT 1000 product features 35 photodetectors that surround the sample vial and collect light scattering intensities that are generated when a cell intersects the laser beam.
Executives
Anthony M Frank other: 5% owner

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