Mawson West (TSX:MWE) Accounts Receivable : C$2.50 Mil (As of Sep. 2016)

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What is Mawson West Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Mawson West's accounts receivables for the quarter that ended in Sep. 2016 was C$2.50 Mil.

Accounts receivable can be measured by Days Sales Outstanding.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Mawson West's Net-Net Working Capital per share for the quarter that ended in Sep. 2016 was C$-0.03.

Mawson West Accounts Receivable Historical Data

The historical data trend for Mawson West'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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Mawson West Accounts Receivable Chart

Mawson West Annual Data

Trend

Jun09

Jun10

Jun11

Dec12

Dec13

Dec14

Dec15

Accounts Receivable

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5.40

8.69

2.03

3.09

Mawson West Quarterly Data
	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16
Accounts Receivable	Get a 7-Day Free Trial															3.44	3.09	4.63	2.46	2.50

Mawson West Accounts Receivable Calculation

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

Mawson West 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.

Mawson West's Days Sales Outstanding for the quarter that ended in Sep. 2016 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	2.502	/	0	*	91
=

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

Mawson West's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2016 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)
=	(0.956	+	0.75 * 2.502	+	0.5 * 8.55	-	106.77
-	0	-	-24.28)	/	2421.48
=	-0.03

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.

Mawson West Accounts Receivable Related Terms

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