Iconic Brands (Iconic Brands) Accounts Receivable : $1.06 Mil (As of Mar. 2023)

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What is Iconic Brands Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Iconic Brands's accounts receivables for the quarter that ended in Mar. 2023 was $1.06 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Iconic Brands's Days Sales Outstanding for the quarter that ended in Mar. 2023 was 47.91.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Iconic Brands's Net-Net Working Capital per share for the quarter that ended in Mar. 2023 was $-0.16.

Iconic Brands Accounts Receivable Historical Data

The historical data trend for Iconic Brands'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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Iconic Brands Accounts Receivable Chart

Iconic Brands Annual Data

Trend

Dec12

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Accounts Receivable

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0.11

0.57

0.33

0.85

1.30

Iconic Brands Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
Accounts Receivable	Get a 7-Day Free Trial															4.03	5.40	4.63	1.30	1.06

Iconic Brands Accounts Receivable Calculation

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

Iconic Brands 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.

Iconic Brands's Days Sales Outstanding for the quarter that ended in Mar. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	1.058	/	2.015	*	91
=	47.91

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

Iconic Brands's Net-Net Working Capital Per Share for the quarter that ended in Mar. 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)
=	(0.213	+	0.75 * 1.058	+	0.5 * 1.435	-	19.171
-	0	-	-0.651)	/	107.596
=	-0.16

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.

Iconic Brands Accounts Receivable Related Terms

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Iconic Brands (Iconic Brands) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Iconic Brands Inc (OTCPK:ICNB) » Definitions » Accounts Receivable

Traded in Other Exchanges

N/A

Address

44 Seabro Avenue, Amityville, NY, USA, 11701

Website

https://www.iconicbrandsusa.com

Iconic Brands Inc is engaged in the development and sale of alcohol and non-alcohol brands that are Better-for-You (BFY) and Better-for-the-Planet. The company's brands include Bellissima by Christie Brinkley, a premium BFY collection of Prosecco, Sparkling Wines, and Still Wines, all certified vegan and made with organic grapes. The Company has two reportable segments: the sale of branded alcoholic beverages segment includes the development and sale of alcohol and non-alcohol brands that are BFY and better-for-the-planet and the specialty packaging segment includes the packaging of low-calorie, ready-to-go products, RTF products, and RTD products in sustainable, flexible and stand-up pouch packaging.

Executives

David R Allen	officer: Chief Financial Officer	C/O CONVERTED ORGANICS INC., 7A COMMERCIAL WHARF WEST, BOSTON MA 02110
Larry Romer	officer: Chief Executive Officer	44 SEABRO AVENUE, AMITYVILLE NY 11701
Roseann Faltings	director, officer: Vice President and Director	44 SEABRO AVENUE, AMITYVILLE NY 11701
Innoaccel Investments Llc	10 percent owner	247 E. DARK HOLLOW RD., PIPERSVILLE PA 18947
John Cosenza	officer: Chief Operating Officer	44 SEABRO AVENUE, AMITYVILLE NY 11701
Thomas A. Belton	10 percent owner	247 E. DARK HOLLOW RD., PIPERSVILLE PA 18947
Richard J Decicco	director, 10 percent owner, officer: CEO, Director	44 SEABRO AVENUE, AMITYVILLE NY 11701
William S. Blacker	officer: Chief Financial Officer, other: V.P of Finance & Adminstration	C/O HARBREW IMPORTS LTD. CORP., 102 BUFFALO AVENUE, FREEPORT NY 11520
Edd Cockerill	director, officer: President, CEO & CFO	1921 DENVER WEST COURT, #2022, GOLDEN CO 80401