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Infranor Inter AG (XSWX:INI) Accounts Receivable : CHF8.12 Mil (As of Apr. 2014)


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What is Infranor Inter AG Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Infranor Inter AG's accounts receivables for the quarter that ended in Apr. 2014 was CHF8.12 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Infranor Inter AG's Days Sales Outstanding for the quarter that ended in Apr. 2014 was 67.73.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Infranor Inter AG's Net-Net Working Capital per share for the quarter that ended in Apr. 2014 was CHF-16.38.


Infranor Inter AG Accounts Receivable Historical Data

The historical data trend for Infranor Inter AG'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.

Infranor Inter AG Accounts Receivable Chart

Infranor Inter AG Annual Data
Trend Apr05 Apr06 Apr07 Apr08 Apr09 Apr10 Apr11 Apr12 Apr13 Apr14
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.88 9.72 8.59 8.53 8.12

Infranor Inter AG Semi-Annual Data
Oct10 Apr11 Oct11 Apr12 Oct12 Apr13 Oct13 Apr14
Accounts Receivable Get a 7-Day Free Trial 8.59 7.29 8.53 7.56 8.12

Infranor Inter AG Accounts Receivable Calculation

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


Infranor Inter AG 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.

Infranor Inter AG's Days Sales Outstanding for the quarter that ended in Apr. 2014 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=8.121/21.883*91
=67.73

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

Infranor Inter AG's Net-Net Working Capital Per Share for the quarter that ended in Apr. 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)
=(0.942+0.75 * 8.121+0.5 * 8.822-24.172
-0-0)/0.777
=-16.38

* 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.


Infranor Inter AG Accounts Receivable Related Terms

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Infranor Inter AG (XSWX:INI) Business Description

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Infranor Inter AG was established in 1941. The Company manufactures & markets solutions for industrial automation. It operates in two divisions: Infranor & Cybelec. Its customers are manufacturers of cables & winding machines, industrial sewing machines, welding assembly robots among others. The Infranor division operates as an industry independent specialist in the general servo and drive technology areas. The Cybelec division provides automation equipment for bending presses including controls, input/output units, fieldbus systems, drives, and motors.

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