mF International (mF International) Accounts Receivable : $0.15 Mil (As of Dec. 2022)

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What is mF International Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. mF International's accounts receivables for the quarter that ended in Dec. 2022 was $0.15 Mil.

Accounts receivable can be measured by Days Sales Outstanding. mF International's Days Sales Outstanding for the quarter that ended in Dec. 2022 was 5.94.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. mF International's Net-Net Working Capital per share for the quarter that ended in Dec. 2022 was $-0.09.

mF International Accounts Receivable Historical Data

The historical data trend for mF International'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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mF International Accounts Receivable Chart

mF International Annual Data

Trend

Dec21

Dec22

Accounts Receivable

0.09

0.15

mF International Semi-Annual Data
	Dec21	Dec22
Accounts Receivable	0.09	0.15

mF International Accounts Receivable Calculation

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

mF International 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.

mF International's Days Sales Outstanding for the quarter that ended in Dec. 2022 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.146	/	4.487	*	91
=	5.94

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

mF International's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2022 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)
=	(1.804	+	0.75 * 0.146	+	0.5 * 0	-	3.097
-	0	-	0)	/	13.2517
=	-0.09

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.

mF International Accounts Receivable Related Terms

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mF International (mF International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » mF International Ltd (NAS:MFI) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

77-79 Gloucester Road, Unit 1801, Fortis Tower, Wan Chai, Hong Kong, HKG

Website

https://www.m-finance.com

mF International Ltd is a holding company and all of its operations are carried out by Operating Subsidiaries in Hong Kong. It is a financial trading solution provider principally engaged in the development and provision of financial trading solutions. It has approximately 20 years of experience in providing real-time mission-critical forex, bullion/commodities trading platform solutions, financial value-added services, mobile applications, and financial information for brokers and institutional clients via internet or platform as software as a service. The company has provided a wide range of top-notch services, including mF4 Trading Platform, Bridge and Plugins, CRM System, ECN System, Liquidity Solutions, Cross-platform Broker Plus Solution, Social Trading Applications and others.

mF International (mF International) Headlines

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