Marine Products (Marine Products) Change In Receivables

: $2.5 Mil (TTM As of Dec. 2023)

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Marine Products's change in receivables for the quarter that ended in Dec. 2023 was $8.1 Mil. It means Marine Products's Accounts Receivable declined by $8.1 Mil from Sep. 2023 to Dec. 2023 .

Marine Products's change in receivables for the fiscal year that ended in Dec. 2023 was $2.5 Mil. It means Marine Products's Accounts Receivable declined by $2.5 Mil from Dec. 2022 to Dec. 2023 .

Marine Products's Accounts Receivable for the quarter that ended in Dec. 2023 was $1.3 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. Marine Products's Days Sales Outstanding for the three months ended in Dec. 2023 was 1.74.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Marine Products's liquidation value for the three months ended in Dec. 2023 was $61.6 Mil.

Marine Products Change In Receivables Historical Data

The historical data trend for Marine Products'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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Marine Products Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

-3.19

2.81

1.43

-2.10

2.53

Marine Products 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																6.22	-5.73	-1.49	1.64	8.11

Marine Products 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 $2.5 Mil.

Marine Products (NYSE:MPX) 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	1.348	/	70.871	*	91
=	1.74

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

Marine Products'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)
=	71.952	-	42.214	+	0.75 * 1.348	+	0.5 * 61.611
=	61.6

Marine Products Change In Receivables Related Terms

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Marine Products (Marine Products) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Marine Products Corp (NYSE:MPX) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

MPX:Mexico

Address

2801 Buford Highway NE, Suite 300, Atlanta, GA, USA, 30329

Website

https://www.marineproductscorp.com

Marine Products Corp is a manufacturer of fiberglass motorized boats distributed and marketed through its independent dealer network. It operates in the Powerboat Manufacturing business segment through Nashville, Georgia, Valdosta, and Georgia. Its product offerings include Chaparral sterndrive, outboard, and jet pleasure boats and Robalo outboard sport fishing boats. The company offers its products to the family recreational and cruiser markets through its Chaparral brand and to the sportfishing market through its Robalo brand.

Executives

Gary W. Rollins Voting Trust U/a Dated September 14, 1994	10 percent owner	C/O RFA MANAGEMENT COMPANY, LLC, 1908 CLIFF VALLEY WAY, NE, ATLANTA GA 30329
Amy Rollins Kreisler	director	2801 BUFORD HIGHWAY, NE, SUITE 520, ATLANTA GA 30329
Lor Inc	10 percent owner	C/O RFA MANAGEMENT COMPANY, LLC, 1908 CLIFF VALLEY WAY NE, ATLANTA GA 30329
Michael Schmit	officer: CFO and Corporate Secretary	3055 TORRINGTON DRIVE, BALL GROUND GA 30107
John F Wilson	director	2170 PIEDMONT ROAD, NE, ATLANTA GA 30324
Ben M Palmer	officer: VP, CFO and Treasurer	C/O MARINE PRODUCTS CORP, 2170 PIEDMONT RD, NE, ATLANTA GA 30324
Susan R. Bell	director	852 CASTLE FALLS DR., ATLANTA GA 30329
Patrick J. Gunning	director	1958 CALDER COURT, DUNWOODY GA 30338
Harry J Cynkus	director	2170 PIEDMONT RD, ATLANTA GA 30324
Jerry W Nix	director	2999 WILDWOOD PARKWAY, ATLANTA GA 30339
2007 Gwr Grandchildren's Partnership	10 percent owner	C/O RFA MANAGEMENT COMPANY, LLC, 1908 CLIFF VALLEY WAY NE, ATLANTA GA 30329
Rollins Holding Company, Inc.	10 percent owner	C/O RFA MANAGEMENT COMPANY, LLC, 1908 CLIFF VALLEY WAY NE, ATLANTA GA 30329
1997 Rrr Grandchildren's Partnership	10 percent owner	C/O RFA MANAGEMENT COMPANY, LLC, 1908 CLIFF VALLEY WAY NE, ATLANTA GA 30329
Rft Investment Company, Llc	10 percent owner	C/O RFA MANAGEMENT COMPANY, LLC, 1908 CLIFF VALLEY WAY NE, ATLANTA GA 30329
Rctlor, Llc	10 percent owner	C/O RFA MANAGEMENT COMPANY, 1908 CLIFF VALLEY WAY NE, ATLANTA GA 30329