International Speedway (International Speedway) Change In Receivables : $1.2 Mil (TTM As of Aug. 2019)

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What is International Speedway Change In Receivables?

International Speedway's change in receivables for the quarter that ended in Aug. 2019 was $-7.0 Mil. It means International Speedway's Accounts Receivable increased by $7.0 Mil from May. 2019 to Aug. 2019 .

International Speedway's change in receivables for the fiscal year that ended in Nov. 2018 was $-5.6 Mil. It means International Speedway's Accounts Receivable increased by $5.6 Mil from Nov. 2017 to Nov. 2018 .

International Speedway's Accounts Receivable for the quarter that ended in Aug. 2019 was $49.2 Mil.

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 Receivable are being managed. International Speedway's Days Sales Outstanding for the three months ended in Aug. 2019 was 27.19.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. International Speedway's liquidation value for the three months ended in Aug. 2019 was $-297.1 Mil.

International Speedway Change In Receivables Historical Data

The historical data trend for International Speedway's Change In Receivables 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 Speedway Change In Receivables Chart

International Speedway Annual Data

Trend

Nov09

Nov10

Nov11

Nov12

Nov13

Nov14

Nov15

Nov16

Nov17

Nov18

Change In Receivables

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-1.78

-14.51

6.67

-1.82

-5.56

International Speedway Quarterly Data
	Nov14	Feb15	May15	Aug15	Nov15	Feb16	May16	Aug16	Nov16	Feb17	May17	Aug17	Nov17	Feb18	May18	Aug18	Nov18	Feb19	May19	Aug19
Change In Receivables	Get a 7-Day Free Trial															2.24	7.53	-43.53	44.15	-6.97

International Speedway Change In Receivables Calculation

Change In Accounts Receivable relative to the previous period. It is any increase or decrease in the cash a company is owed by its customers.

Change In Receivables for the trailing twelve months (TTM) ended in Aug. 2019 adds up the quarterly data reported by the company within the most recent 12 months, which was $1.2 Mil.

International Speedway (NAS:ISCA) Change In Receivables 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 Receivable are being managed.

International Speedway's Days Sales Outstanding for the quarter that ended in Aug. 2019 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	49.191	/	165.063	*	91
=	27.19

2. In Ben Graham's calculation of liquidation value, International Speedway's accounts receivable are only considered to be worth 75% of book value:

International Speedway's liquidation value for the quarter that ended in Aug. 2019 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	335.079	-	669.112	+	0.75 * 49.191	+	0.5 * 0
=	-297.1

International Speedway Change In Receivables Related Terms

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International Speedway (International Speedway) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » International Speedway Corp (NAS:ISCA) » Definitions » Change In Receivables

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Traded in Other Exchanges

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Address

One Daytona Boulevard, Daytona Beach, FL, USA, 32114

Website

http://www.internationalspeedwaycorporation.com

International Speedway operates 13 motorsports stadiums that host more than 100 motorsports events during the racing season, including the famed Daytona 500 and Talladega Superspeedway races. The company has built a casino at its Kansas Speedway in a joint venture with Penn National Gaming. International Speedway is majority-owned by the France family, which also owns privately held NASCAR. About 70% of revenue comes from the motorsports segment, which includes lucrative broadcasting rights.

Executives

Larree M Renda	director
Hyatt J Brown	director	300 N. BEACH STREET, DAYTONA BEACH FL 32114
Larry Aiello	director	ONE RIVERFRONT PLZ, CORNING NY 14831
Ford Edsel B Ii	director	C/O FORD MOTOR COMPANY, ONE AMERICAN ROAD, DEARBORN MI 48126
Edward H Rensi	director	8400 KEARNEY ROAD, DOWNERS GROVE IL 60516
Gregory W Penske	director	3534 NORTH PECK ROAD, EL MONTE CA 91731