MPX International (XCNQ:MPXI) Accounts Receivable : C$0.69 Mil (As of Mar. 2022)

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What is MPX International Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. MPX International's accounts receivables for the quarter that ended in Mar. 2022 was C$0.69 Mil.

Accounts receivable can be measured by Days Sales Outstanding. MPX International's Days Sales Outstanding for the quarter that ended in Mar. 2022 was 31.12.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. MPX International's Net-Net Working Capital per share for the quarter that ended in Mar. 2022 was C$-0.25.

MPX International Accounts Receivable Historical Data

The historical data trend for MPX International'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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MPX International Accounts Receivable Chart

MPX International Annual Data

Trend

Sep18

Sep19

Sep20

Sep21

Accounts Receivable

0.06

0.31

0.44

1.03

MPX International Quarterly Data
	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22
Accounts Receivable	Get a 7-Day Free Trial												0.90	0.60	1.03	0.69	0.69

MPX International Accounts Receivable Calculation

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

MPX International 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.

MPX International's Days Sales Outstanding for the quarter that ended in Mar. 2022 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.689	/	2.02	*	91
=	31.12

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

MPX International's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2022 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)
=	(0.916	+	0.75 * 0.689	+	0.5 * 4.152	-	37.244
-	0	-	2.954)	/	144.323
=	-0.25

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.

MPX International Accounts Receivable Related Terms

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MPX International (XCNQ:MPXI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » MPX International Corp (XCNQ:MPXI) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

5255 Yonge Street, Suite 701, Toronto, ON, CAN, M2N 6P4

Website

https://www.mpxinternationalcorp.com

MPX International Corp is a diversified cannabis company focused on developing and operating assets across the global medical and adult use and engaged in cultivating, manufacturing and marketing products that include cannabinoids as their primary active ingredient. The firm is organized into three segments: Canada, Europe/Africa, and Asia-Pacific. The Canada operating segment's principal business activities consist of production and sale of cannabis, video learning and engagement, patient counselling and referral services. The Europe/Africa operating segment's consist of the production and sale of cannabis and hemp-related products. The Asia-Pacific consist of the production and sale of cannabis. The majority of the revenue is generated in Canada.

Executives

William Scott Boyes	Director, Senior Officer
Randall Glenn Stafford	Director

MPX International (XCNQ:MPXI) Headlines

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