GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Marshall Monteagle PLC (JSE:MMP) » Definitions » Accounts Receivable

Marshall Monteagle (JSE:MMP) Accounts Receivable : R586 Mil (As of Sep. 2023)


View and export this data going back to 2011. Start your Free Trial

What is Marshall Monteagle Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Marshall Monteagle's accounts receivables for the quarter that ended in Sep. 2023 was R586 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Marshall Monteagle's Days Sales Outstanding for the quarter that ended in Sep. 2023 was 91.28.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Marshall Monteagle's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was R4.74.


Marshall Monteagle Accounts Receivable Historical Data

The historical data trend for Marshall Monteagle'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.

* Premium members only.

Marshall Monteagle Accounts Receivable Chart

Marshall Monteagle Annual Data
Trend Sep12 Sep13 Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Mar23
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 671.20 996.07 294.08 326.65 348.59

Marshall Monteagle Semi-Annual Data
Mar13 Sep13 Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep22 Mar23 Sep23
Accounts Receivable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 326.65 507.56 425.79 348.59 585.79

Marshall Monteagle Accounts Receivable Calculation

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


Marshall Monteagle 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.

Marshall Monteagle's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=585.794/1171.265*91
=91.28

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

Marshall Monteagle's Net-Net Working Capital Per Share for the quarter that ended in Sep. 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)
=(428.321+0.75 * 585.794+0.5 * 301.384-779.433
-0-69.054)/35.8575
=4.74

* 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.


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.


Marshall Monteagle Accounts Receivable Related Terms

Thank you for viewing the detailed overview of Marshall Monteagle's Accounts Receivable provided by GuruFocus.com. Please click on the following links to see related term pages.


Marshall Monteagle (JSE:MMP) Business Description

Traded in Other Exchanges
N/A
Address
66-72 Esplanade, 2nd Floor, Gaspe House, Saint Helier, JEY, JE1 1GH
Marshall Monteagle PLC operates trading businesses involved in the importation and distribution of hand tools, machinery and non-perishable food products, coffee roasting, importing and exporting and trading in metals and minerals. It is also involved in the property business. The company generates the majority of its revenue from the Import and distribution segment, which is engaged in Trade in non-perishable products, such as food, food ingredients, household consumer products, metal and minerals, manufacturing inputs, and tools; primarily imports to South Africa and Latin America, and exports from South Africa.