Innovest Global (Innovest Global) Change In Receivables : $-0.09 Mil (TTM As of Jun. 2009)

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What is Innovest Global Change In Receivables?

Innovest Global's change in receivables for the quarter that ended in Jun. 2009 was $-0.01 Mil. It means Innovest Global's Accounts Receivable increased by $0.01 Mil from Mar. 2009 to Jun. 2009 .

Innovest Global's change in receivables for the fiscal year that ended in Dec. 2008 was $-0.17 Mil. It means Innovest Global's Accounts Receivable increased by $0.17 Mil from Dec. 2007 to Dec. 2008 .

Innovest Global's Accounts Receivable for the quarter that ended in Jun. 2009 was $0.02 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.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Innovest Global's liquidation value for the three months ended in Jun. 2009 was $-4.61 Mil.

Innovest Global Change In Receivables Historical Data

The historical data trend for Innovest Global'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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Innovest Global Change In Receivables Chart

Innovest Global Annual Data

Trend

Dec03

Dec04

Dec05

Dec06

Dec07

Dec08

Change In Receivables

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-0.01

0.01

0.03

-0.17

Innovest Global Quarterly Data
	Sep04	Dec04	Mar05	Jun05	Sep05	Dec05	Mar06	Jun06	Sep06	Dec06	Mar07	Jun07	Sep07	Dec07	Mar08	Jun08	Sep08	Dec08	Mar09	Jun09
Change In Receivables	Get a 7-Day Free Trial															-0.03	-0.07	-0.02	0.01	-0.01

Innovest Global 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 Jun. 2009 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.09 Mil.

Innovest Global (OTCPK:IVST) 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.

Innovest Global's Days Sales Outstanding for the quarter that ended in Jun. 2009 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.018	/	0	*	91
=

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

Innovest Global's liquidation value for the quarter that ended in Jun. 2009 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0	-	4.623	+	0.75 * 0.018	+	0.5 * 0
=	-4.61

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Innovest Global (Innovest Global) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Innovest Global Inc (OTCPK:IVST) » Definitions » Change In Receivables

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Address

8834 Mayfield Road, Chesterland, OH, USA, 44026

Website

https://www.innovestglobal.com

Innovest Global Inc is a diversified Industrial company. It operates in six segments: Energy Solutions, which provides an all-in-one offering of procurement and efficiency solutions for commercial and industrial customers, including LED lighting and retrofits; Energy Brokerage segment provides competitive electricity and natural gas purchase programs for residential and commercial consumers; Call Center Services; Building Solutions segment designs, engineers, tests and assembles curtainwall systems or other building solutions used in large custom construction projects; Wholesale Purchasing, which acts as a national distributor of roofing, windows, fasteners, and associated tools and accessories; and Others segment.