Magor (TSXV:MCC.H) Accounts Receivable : C$0.09 Mil (As of Jul. 2016)

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What is Magor Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Magor's accounts receivables for the quarter that ended in Jul. 2016 was C$0.09 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Magor's Days Sales Outstanding for the quarter that ended in Jul. 2016 was 48.96.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Magor's Net-Net Working Capital per share for the quarter that ended in Jul. 2016 was C$-0.30.

Magor Accounts Receivable Historical Data

The historical data trend for Magor'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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Magor Accounts Receivable Chart

Magor Annual Data

Trend

Mar10

Mar11

Mar12

Apr13

Apr14

Apr15

Apr16

Accounts Receivable

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0.75

0.81

0.97

0.14

Magor Quarterly Data
	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Apr13	Jul13	Oct13	Jan14	Apr14	Jul14	Oct14	Jan15	Apr15	Jul15	Oct15	Jan16	Apr16	Jul16
Accounts Receivable	Get a 7-Day Free Trial															0.65	0.53	0.31	0.14	0.09

Magor Accounts Receivable Calculation

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

Magor 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.

Magor's Days Sales Outstanding for the quarter that ended in Jul. 2016 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.088	/	0.164	*	91
=	48.96

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

Magor's Net-Net Working Capital Per Share for the quarter that ended in Jul. 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)
=	(0.047	+	0.75 * 0.088	+	0.5 * 0.117	-	15.721
-	0	-	0)	/	51.7255
=	-0.30

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.

Magor Accounts Receivable Related Terms

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Magor (TSXV:MCC.H) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Magor Corp (TSXV:MCC.H) » Definitions » Accounts Receivable

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Traded in Other Exchanges

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Address

350 Terry Fox Drive, Suite 100, Ottawa, ON, CAN, K2K 2W5

Website

http://www.magorcorp.com

Magor Corp is engaged in design, development, and marketing of a visual collaboration software platform that integrates personal computer collaboration, high definition video and wideband audio for the enterprise market. The company provide service as Aerus, is an evolution of its platform to the cloud in delivering video interactions to the enterprise as a service with the capabilities needed to fulfill the promise of new modes for productivity. The Aerus service delivery platform and Aerus technology bring together the benefits of distributed networking and cloud computing to deliver services for high-quality video interactions that support any workflow. The company derives most of its revenue from the sale of hardware and equipment.

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