Icade (XPAR:ICAD) Accounts Receivable : €169 Mil (As of Dec. 2023)

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What is Icade Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Icade's accounts receivables for the quarter that ended in Dec. 2023 was €169 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Icade's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 32.10.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Icade's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was €-56.02.

Icade Accounts Receivable Historical Data

The historical data trend for Icade'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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Icade Accounts Receivable Chart

Icade Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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203.30

173.50

147.90

173.50

168.90

Icade Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Receivable	Get a 7-Day Free Trial															147.90	200.00	173.50	179.50	168.90

Icade Accounts Receivable Calculation

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

Icade 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	168.9	/	960.3	*	91
=	32.10

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

Icade'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)
=	(1872.4	+	0.75 * 168.9	+	0.5 * 742.2	-	6533.3
-	0	-	81.8)	/	75.7783
=	-56.02

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.

Icade Accounts Receivable Related Terms

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Icade (XPAR:ICAD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Icade (XPAR:ICAD) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

CDMGF:USA 0K4O:UK 3IC:Germany

Address

Immeuble Open, 27, Rue Camille Desmoulins, Issy-les-Moulineaux, Paris, FRA, 92445

Website

http://www.icade.fr

Icade is a French real estate investment trust primarily involved in the ownership and management of commercial property around Paris. The vast majority of Icade's real estate portfolio is split between office and business park properties. Nearly all of these are located in Greater Paris with roughly half residing in the inner and outer rings of the metro area. Icade derives most of its revenue from its Property Development division through the sale of real estate. Rental income from short- to mid-term leases out of its Property Investment division also represents a substantial revenue stream. Institutional investors, private investors, and buyers represent fairly equal parts of the company's customer orders. Icade also has holdings in healthcare properties outside of the Paris region.