IEH (IEHC) Accounts Receivable : $3.24 Mil (As of Dec. 2023)

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What is IEH Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. IEH's accounts receivables for the quarter that ended in Dec. 2023 was $3.24 Mil.

Accounts receivable can be measured by Days Sales Outstanding. IEH's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 57.92.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. IEH's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $3.44.

IEH Accounts Receivable Historical Data

The historical data trend for IEH'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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IEH Accounts Receivable Chart

IEH Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Accounts Receivable

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3.83

5.36

5.65

3.04

2.99

IEH Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Accounts Receivable	Get a 7-Day Free Trial															3.98	2.99	2.95	3.09	3.24

IEH Accounts Receivable Calculation

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

IEH 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	3.242	/	5.108	*	91
=	57.92

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

IEH'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)
=	(4.94	+	0.75 * 3.242	+	0.5 * 9.78	-	4.084
-	0	-	0)	/	2.38025
=	3.44

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.

IEH Accounts Receivable Related Terms

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IEH (IEHC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » IEH Corp (OTCPK:IEHC) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

140 58th Street, Suite 8E, Brooklyn, NY, USA, 11220

Website

https://www.iehcorp.com

IEH Corp designs develops and manufactures printed circuit board (PCB) connectors, custom interconnects, and contacts for high-performance applications. With its Hyperboloid technology, It supplies durable, reliable connectors for demanding environments. The company markets to companies in defense, aerospace, space, and industrial applications, in the United States, Canada, Europe, Southeast, and Central Asia, and the Mideast. The company generates the majority of its revenue from United states.

Executives

Subrata Purkayastha	officer: Chief Financial Officer	140 58TH STREET, BUILDING B SUITE 8E, BROOKLYN NY 11220
Gail Offerman	10 percent owner	2984 WYNSUM AVENUE, MERRICK NY 11566
Zeff Capital, Lp	10 percent owner	400 S. MCCADDEN PL., LOS ANGELES CA 90020
2020 David Offerman Trust	10 percent owner	17 MOHAWK TRAIL, WESTFIELD NJ 07090
William H Craig	officer: Chief Financial Officer
Daniel Zeff	10 percent owner	400 S. MCCADDEN PL., LOS ANGELES CA 90020
Zeff Holding Company, Llc	10 percent owner	400 S. MCCADDEN PL., LOS ANGELES CA 90020
Michael E Rosenfeld	director	1365 YORK AVENUE, APT. 3A, NEW YORK NY 10021
Dave Offerman	director, officer: Chief Executive Officer	140 58TH STREET, SUITE 8E, BROOKLYN NY 11220
Robert Knoth	officer: CFO, Secretary and Treasurer	140 58TH STREET, BLDG. B, SUITE 8E, IEH CORPORATION, BROOKLYN NY 11220
Gerald E. Chafetz	director	C/O IEH CORP. 140 58TH STREET, BLDG. B, SUITE 8E, BROOKLYN NY 11220
Michael Offerman	director, 10 percent owner, officer: Chairman & President