Itoco (ITMC) Change In Receivables : $2.22 Mil (TTM As of Sep. 2010)

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What is Itoco Change In Receivables?

Itoco's change in receivables for the quarter that ended in Sep. 2010 was $-0.83 Mil. It means Itoco's Accounts Receivable increased by $0.83 Mil from Jun. 2010 to Sep. 2010 .

Itoco's change in receivables for the fiscal year that ended in Dec. 2009 was $-0.40 Mil. It means Itoco's Accounts Receivable increased by $0.40 Mil from Dec. 2008 to Dec. 2009 .

Itoco's Accounts Receivable for the quarter that ended in Sep. 2010 was $0.12 Mil.

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 Receivable are being managed. Itoco's Days Sales Outstanding for the three months ended in Sep. 2010 was 1,012.05.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Itoco's liquidation value for the three months ended in Sep. 2010 was $-5.36 Mil.

Itoco Change In Receivables Historical Data

The historical data trend for Itoco's Change In Receivables 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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Itoco Change In Receivables Chart

Itoco Annual Data

Trend

Dec08

Dec09

Change In Receivables

-1.22

-0.40

Itoco Quarterly Data
	Mar08	Jun08	Sep08	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10
Change In Receivables	Get a 7-Day Free Trial						-0.21	-0.03	-0.02	3.10	-0.83

Itoco Change In Receivables Calculation

Change In Accounts Receivable relative to the previous period. It is any increase or decrease in the cash a company is owed by its customers.

Change In Receivables for the trailing twelve months (TTM) ended in Sep. 2010 adds up the quarterly data reported by the company within the most recent 12 months, which was $2.22 Mil.

Itoco (OTCPK:ITMC) Change In Receivables 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 Receivable are being managed.

Itoco's Days Sales Outstanding for the quarter that ended in Sep. 2010 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.122	/	0.011	*	91
=	1,012.05

2. In Ben Graham's calculation of liquidation value, Itoco's accounts receivable are only considered to be worth 75% of book value:

Itoco's liquidation value for the quarter that ended in Sep. 2010 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0.001	-	5.483	+	0.75 * 0.122	+	0.5 * 0.057
=	-5.36

Itoco Change In Receivables Related Terms

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Itoco (ITMC) Business Description

Industry

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Traded in Other Exchanges

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Address

50 West Liberty Street, Suite 880, Reno, NV, USA, 89501

Website

https://www.itoco.net

Itoco Inc is focused on developing and bringing biotech products to the market via co-development and joint venture arrangements with various companies. The company is currently examining various technologies that seek to control and/or identify bio-contaminants such as viruses and bacteria.