International Money Express (International Money Express) Accounts Receivable : $149.1 Mil (As of Mar. 2024)

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What is International Money Express Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. International Money Express's accounts receivables for the quarter that ended in Mar. 2024 was $149.1 Mil.

Accounts receivable can be measured by Days Sales Outstanding. International Money Express's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 90.43.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. International Money Express's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $-2.42.

International Money Express Accounts Receivable Historical Data

The historical data trend for International Money Express'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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International Money Express Accounts Receivable Chart

International Money Express Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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39.75

55.02

67.32

129.81

155.24

International Money Express Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Accounts Receivable	Get a 7-Day Free Trial															102.60	123.70	163.01	155.24	149.05

International Money Express Accounts Receivable Calculation

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

International Money Express 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.

International Money Express's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	149.054	/	150.412	*	91
=	90.43

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

International Money Express's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2024 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)
=	(218.795	+	0.75 * 149.054	+	0.5 * 0	-	410.474
-	0	-	0)	/	33.0359
=	-2.42

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.

International Money Express Accounts Receivable Related Terms

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International Money Express (International Money Express) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » International Money Express Inc (NAS:IMXI) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

9480 South Dixie Highway, Miami, FL, USA, 33156

Website

https://www.intermexonline.com

International Money Express Inc is a processor of money transfer services in the USA to the Latin America corridor (LAC). The company offers services in approximately 50 states and Latin American countries. Computer and telephone-based options are available for convenient wire transfers. The company offers wire transfer, money order, Foreign exchange, and cash checking services, while the majority of the revenue is derived from wire transfer and money order fees. The firm's business is organized around one reportable segment that provides money remittance services primarily between the U.S. and Canada to Mexico, Guatemala, and other countries in Latin America, Africa, and Asia.

Executives

Robert Lisy	director, officer: CEO, President and Chairman	INTERNATIONAL MONEY EXPRESS, INC., 9480 S. DIXIE HIGHWAY, MIAMI FL 33156
Christopher D. Hunt	officer: Chief Operating Officer	9480 S. DIXIE HIGHWAY, MIAMI FL 33156
John Rincon	director	INTERNATIONAL MONEY EXPRESS, INC., 9480 S. DIXIE HIGHWAY, MIAMI FL 33156
Adam P Godfrey	director, 10 percent owner, other: Member of 10% Owner Group	ATTN.: PAUL KARDISH, 3101 PACKERLAND DRIVE, GREEN BAY WI 54313
Justin B Wender	director, 10 percent owner, other: Member of 10 % Onwer Group	150 EAST 58TH STREET, NEW YORK NY 10155
Joseph Aguilar	officer: Chief Operating Officer	9480 S. DIXIE HIGHWAY, MIAMI FL 33156
Andras Quinn Bende	officer: Chief Financial Officer	9481 S DIXIE HIGHWAY, MIAMI FL 33156
Ernesto Luciano	officer: General Counsel, CLO & Sec	9480 S DIXIE HIGHWAY, MIAMI FL 33156
Fernandez Bernardo B. Jr.	director	9480 S DIXIE HIGHWAY, MIAMI FL 33156
Debra A Bradford	director
Michael J. Purcell	director	C/O PATRIOT NATIONAL, INC., 401 E. LAS OLAS BLVD., SUITE 1650, FORT LAUDERDALE FL 33301
Laura I Maydon	director	9480 S. DIXIE HIGHWAY, MIAMI FL 33156
Jose Perez-villarreal	officer: CAO & Chief Compliance Officer	INTERNATIONAL MONEY EXPRESS, INC., 9480 S. DIXIE HIGHWAY, MIAMI FL 33156
Stella Point Capital Llc	10 percent owner, other: Member of 10% Owner Group	444 MADISON AVENUE, 25TH FLOOR, NEW YORK NY 10022
Spc Intermex Representative Llc	10 percent owner, other: Member of 10% Owner Group	444 MADISON AVENUE, 25TH FLOOR, NEW YORK NY 10022