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Mary Agrotechnologies (XCNQ:MARY) Accounts Receivable : C$0.03 Mil (As of Mar. 2024)


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What is Mary Agrotechnologies Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Mary Agrotechnologies's accounts receivables for the quarter that ended in Mar. 2024 was C$0.03 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Mary Agrotechnologies's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 1,505.63.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Mary Agrotechnologies's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was C$-0.00.


Mary Agrotechnologies Accounts Receivable Historical Data

The historical data trend for Mary Agrotechnologies'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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Mary Agrotechnologies Accounts Receivable Chart

Mary Agrotechnologies Annual Data
Trend Sep20 Sep21 Sep22 Sep23
Accounts Receivable
0.03 0.06 0.06 0.03

Mary Agrotechnologies Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Sep23 Dec23 Mar24
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 0.01 0.06 0.03 0.01 0.03

Mary Agrotechnologies Accounts Receivable Calculation

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


Mary Agrotechnologies 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.

Mary Agrotechnologies's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0.033/0.002*91
=1,505.63

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

Mary Agrotechnologies's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2024 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)
=(0.005+0.75 * 0.033+0.5 * 0-0.094
-0-0)/43.2279
=-0.00

* 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.


Mary Agrotechnologies Accounts Receivable Related Terms

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Mary Agrotechnologies (XCNQ:MARY) Business Description

Traded in Other Exchanges
Address
115 Apple Creek Boulevard, Unit 3 and 4, Markham, ON, CAN, L3R 6C9
Mary Agrotechnologies Inc is a data-driven agriculture technology company. The primary business activity of the Company is to produce a fully automated plant-growing device managed and controlled by an artificially intelligent algorithm, allowing consumers to grow their herbs and vegetables effortlessly from seed to plant while providing optimal conditions to assure premium quality produce year-round. The Company operates mainly in the fields of development and distribution of home-growing automated machines and commercial containers for a variety of herbs and vegetables worldwide.

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