Meritage Hospitality Group (Meritage Hospitality Group) Change In Receivables : $-2.0 Mil (TTM As of Dec. 2023)

View and export this data going back to 2007. Start your Free Trial

What is Meritage Hospitality Group Change In Receivables?

Meritage Hospitality Group's change in receivables for the quarter that ended in Dec. 2023 was $1.8 Mil. It means Meritage Hospitality Group's Accounts Receivable declined by $1.8 Mil from Sep. 2023 to Dec. 2023 .

Meritage Hospitality Group's change in receivables for the fiscal year that ended in Dec. 2023 was $-2.0 Mil. It means Meritage Hospitality Group's Accounts Receivable increased by $2.0 Mil from Dec. 2022 to Dec. 2023 .

Meritage Hospitality Group's Accounts Receivable for the quarter that ended in Dec. 2023 was $2.4 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. Meritage Hospitality Group's Days Sales Outstanding for the three months ended in Dec. 2023 was 1.31.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Meritage Hospitality Group's liquidation value for the three months ended in Dec. 2023 was $-671.0 Mil.

Meritage Hospitality Group Change In Receivables Historical Data

The historical data trend for Meritage Hospitality Group'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.

* Premium members only.

Meritage Hospitality Group Change In Receivables Chart

Meritage Hospitality Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

Get a 7-Day Free Trial

0.35

-3.94

0.13

1.24

-2.04

Meritage Hospitality Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Change In Receivables	Get a 7-Day Free Trial															0.69	-1.42	-2.10	-0.36	1.83

Meritage Hospitality Group 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-2.0 Mil.

Meritage Hospitality Group (OTCPK:MHGU) 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	2.412	/	167.878	*	91
=	1.31

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

Meritage Hospitality Group's liquidation value for the quarter that ended in Dec. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	19.434	-	694.865	+	0.75 * 2.412	+	0.5 * 5.189
=	-671.0

Meritage Hospitality Group Change In Receivables Related Terms

Thank you for viewing the detailed overview of Meritage Hospitality Group's Change In Receivables provided by GuruFocus.com. Please click on the following links to see related term pages.

Meritage Hospitality Group (Meritage Hospitality Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Meritage Hospitality Group Inc (OTCPK:MHGU) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

MHGUP.PFD:USA

Address

45 Ottawa Avenue SW, Suite 600, Grand Rapids, MI, USA, 49503

Website

http://www.meritagehospitality.com

Meritage Hospitality Group Inc is one of the nation's premier restaurant operators, with more than 300 restaurants in operation located in Arkansas, Connecticut, Florida, Georgia, Indiana, Massachusetts, Michigan, Missouri, Mississippi, North Carolina, South Carolina, Ohio, Oklahoma, Tennessee, Texas, and Virginia.

Executives

Duane F Kluting	director	3100 44TH STREET SW, GRANDVILLE MI 49418
Roger L Zingle	officer: Chief Operating Officer	6132 PICKWOOD DRIVE, WEST BLOOMFIELD MI 48322
Gary A Rose	officer: VP, CFO & Treasurer	223 EAST MT. GARFIELD ROAD, NORTON SHORES MI 49441
Robert E. Schermer Revocable Living Trust U/a Dated 4/28/97	10 percent owner	C/O ROBERT W. BAIRD & CO. INC., 333 BRIDGE STREET, N.W., SUITE 1000, GRAND RAPIDS MI 49504
Gulis Stephen L Jr	director	9341 COURTLAND DRIVE NE, ROCKFORD MI 49351
James R Saalfeld	officer: VP, Secretary and Treasurer	MERITAGE HOSPITALITY GROUP INC, 1971 EAST BELTLINE AVE, N.E., STE. 200, GRAND RAPIDS MI 49525
Robert H Potts	officer: Vice President of Real Estate	1971 EAST BELTLINE AVE NE, GRAND RAPIDS MI 49525
Schermer Robert E Jr	director, 10 percent owner, officer: Chief Executive Officer	1971 EAST BELTLINE AVE, N.E., SUITE 200, GRAND RAPIDS MI 49525
Robert E Riley	director, 10 percent owner, officer: President	40 PEARL STREET NW, SUITE 900, GRAND RAPIDS MI 49503
James P Bishop	director	4230 SOUTH WESTNEDGE, KALAMAZOO MI 49006
Schermer Robert E Sr	director, 10 percent owner, officer: Chairman of the Board	C/O ROBERT W BLAIR & CO. INC., 333 BRIDGE STREET, SUITE 1000, GRAND RAPIDS MI 49504
Joseph L Maggini	director	4242 CLAY STREET SW, GRAND RAPIDS MI 49548
Brian N Mcmahon	director	542 TONBRIDGE COURT, PERRYSBURG OH 43551