IAC (IAC) Accounts Receivable : $537 Mil (As of Dec. 2023)

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What is IAC Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. IAC's accounts receivables for the quarter that ended in Dec. 2023 was $537 Mil.

Accounts receivable can be measured by Days Sales Outstanding. IAC's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 46.28.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. IAC's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-28.45.

IAC Accounts Receivable Historical Data

The historical data trend for IAC'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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IAC Accounts Receivable Chart

IAC Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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181.88

257.67

695.51

607.81

536.65

IAC 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															607.81	537.95	521.67	519.29	536.65

IAC Accounts Receivable Calculation

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

IAC 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	536.65	/	1058.034	*	91
=	46.28

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

IAC'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)
=	(1446.443	+	0.75 * 536.65	+	0.5 * 0	-	3582.796
-	0	-	710.52)	/	85.904
=	-28.45

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.

IAC Accounts Receivable Related Terms

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IAC (IAC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » IAC Inc (NAS:IAC) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

4LRA:Germany 4LRA:Germany I1AC34:Brazil

Address

555 West 18th Street, New York, NY, USA, 10011

Website

https://www.iac.com

IAC is an internet media company with segments that include Angi (47% of total revenue), Dotdash (10%), search (24%), and emerging and other (19%). The firm spun off the narrow-moat dating app provider Match Group in second-quarter 2020 and the no-moat video software provider Vimeo in second-quarter 2021.

Executives

Erik Bradbury	officer: SVP AND CONTROLLER (CAO)	222 BERKELEY STREET, FLOOR 5, BOSTON MA 02116
Kendall Handler	officer: EVP & CLO	IAC/INTERACTIVECORP, 555 WEST 18TH STREET, NEW YORK NY 10011
Michael D Eisner	director	C/O WALT DISNEY CO, 500 S BUENA VISTA STREET, BURBANK CA 91521-1010
Westley Moore	director	325 WEST HURON STREET, SUITE 412, CHICAGO IL 60654
Christopher Halpin	officer: EVP & CFO	IAC/INTERACTIVECORP, 555 WEST 18TH STREET, NEW YORK NY 10011
Michael H Schwerdtman	officer: SVP and Controller (CAO)	C/O IAC/INTERACTIVECORP, 152 WEST 57TH STREET, 42ND FLOOR, NEW YORK NY 10019
David S Rosenblatt	director	C/O DOUBLECLICK INC.,, 111 EIGHTH AVENUE, NEW YORK NY 10011
Bryan Lourd	director	C/O CAA, 9830 WILSHIRE BLVD, BEVERLY HILLS CA 90212
Glenn Schiffman	director, officer: EVP & CFO	555 WEST 18TH STREET, NEW YORK NY 10011
Gregg Winiarski	director, officer: EVP and GC	IAC/INTERACTIVECORP, 555 WEST 18TH STREET, NEW YORK NY 10011
Mark J Stein	officer: EVP & CSO	ONE BRIDGE STREET, SUITE 42, IRVINGTON NY 10069
Bonnie S Hammer	director	30 ROCKEFELLER PLAZA, NEW YORK NY 10112
Joseph Levin	officer: CEO	C/O IAC/INTERACTIVECORP, 555 WEST 18TH STREET, NEW YORK NY 10011
Richard F Zannino	director	C/O IAC/INTERACTIVECORP, 555 WEST 18TH STREET, NEW YORK NY 10011
Alan G Spoon	director	1150 15TH ST NW, WASHINGTON DC 20071