LICT (LICT) Accounts Receivable : $8.7 Mil (As of Dec. 2018)

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What is LICT Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. LICT's accounts receivables for the quarter that ended in Dec. 2018 was $8.7 Mil.

Accounts receivable can be measured by Days Sales Outstanding. LICT's Days Sales Outstanding for the quarter that ended in Dec. 2018 was 27.51.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. LICT's Net-Net Working Capital per share for the quarter that ended in Dec. 2018 was $-2,413.33.

LICT Accounts Receivable Historical Data

The historical data trend for LICT'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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LICT Accounts Receivable Chart

LICT Annual Data

Trend

Dec06

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Accounts Receivable

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6.94

6.87

7.41

8.74

8.70

LICT Quarterly Data
	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18
Accounts Receivable	Get a 7-Day Free Trial															8.74	8.00	8.55	8.17	8.70

LICT Accounts Receivable Calculation

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

LICT 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.

LICT's Days Sales Outstanding for the quarter that ended in Dec. 2018 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	8.701	/	28.856	*	91
=	27.51

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

LICT's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2018 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)
=	(7.732	+	0.75 * 8.701	+	0.5 * 4.735	-	64.723
-	0	-	0)	/	0.01993
=	-2,413.33

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.

LICT Accounts Receivable Related Terms

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LICT (LICT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » LICT Corp (OTCPK:LICT) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

401 Theodore Fremd Avenue, Rye, NY, USA, 10580-1430

Website

https://www.lictcorp.com

LICT Corp is a United States-based integrated provider of broadband, voice and video services. It provides high speed broadband services, including internet access, through fiber optic facilities, copper-based digital subscriber lines, fixed wireless, and coax cable via cable modems. The Company also provides a number of other services, including video services through both traditional cable television services and internet protocol television services, Voice over Internet Protocol, wireless voice communications, and several related telecommunications services. On the voice side, the Company has traditionally operated as both a Rural Local Exchange Carrier and a Competitive Local Exchange Carrier.

Executives

Mario J Gabelli	director, 10 percent owner, officer: Chief Executive Officer	191 MASON STREET, GREENWICH CT 06830
Marc Gabelli	director, other: Resigned as director 5-6-04	401 THEODORE FREMD AVE, RYE NY 10580
Frederic V Salerno	director, other: Resigned as director on2-20-04	TWO PENNSYLVANIA PLAZA, NEW YORK NY 10121
Vincent S Tese	director, other: Resigned as director on2-20-04
Mjg Iv Limited Partnership	10 percent owner

LICT (LICT) Headlines

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