Merafe Resources (JSE:MRF) Change In Receivables : R-675 Mil (TTM As of Dec. 2023)

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What is Merafe Resources Change In Receivables?

Merafe Resources's change in receivables for the quarter that ended in Dec. 2023 was R-319 Mil. It means Merafe Resources's Accounts Receivable increased by R319 Mil from Jun. 2023 to Dec. 2023 .

Merafe Resources's change in receivables for the fiscal year that ended in Dec. 2023 was R-675 Mil. It means Merafe Resources's Accounts Receivable increased by R675 Mil from Dec. 2022 to Dec. 2023 .

Merafe Resources's Accounts Receivable for the quarter that ended in Dec. 2023 was R1,355 Mil.

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 Receivable are being managed. Merafe Resources's Days Sales Outstanding for the six months ended in Dec. 2023 was 55.22.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Merafe Resources's liquidation value for the six months ended in Dec. 2023 was R2,227 Mil.

Merafe Resources Change In Receivables Historical Data

The historical data trend for Merafe Resources's Change In Receivables 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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Merafe Resources Change In Receivables Chart

Merafe Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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293.24

-211.00

-648.37

622.57

-675.13

Merafe Resources Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Change In Receivables	Get a 7-Day Free Trial															-	-291.52	914.08	-355.95	-319.18

Merafe Resources Change In Receivables Calculation

Change In Accounts Receivable relative to the previous period. It is any increase or decrease in the cash a company is owed by its customers.

Change In Receivables for the trailing twelve months (TTM) ended in Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was R-675 Mil.

Merafe Resources (JSE:MRF) Change In Receivables 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 Receivable are being managed.

Merafe Resources's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	1354.882	/	4477.924	*	91
=	55.22

2. In Ben Graham's calculation of liquidation value, Merafe Resources's accounts receivable are only considered to be worth 75% of book value:

Merafe Resources's liquidation value for the quarter that ended in Dec. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	1655.807	-	1402.753	+	0.75 * 1354.882	+	0.5 * 1916.476
=	2,227

Merafe Resources Change In Receivables Related Terms

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Merafe Resources (JSE:MRF) Business Description

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RZT:Germany

Address

35 Ballyclare Drive, Building B, 2nd floor, Ballyoaks Office Park, Bryanston, ZAF, 2191

Website

https://www.meraferesources.co.za

Merafe Resources Ltd through its wholly-owned subsidiary, Merafe Ferrochrome and Mining Proprietary Limited, participates in chrome mining and the beneficiation of chrome ore into ferrochrome. The Glencore-Merafe Chrome Venture (Venture) operates five ferrochrome smelters, twenty-two ferrochrome furnaces, and nine mines, situated in the North-West, Limpopo, and Mpumalanga provinces of South Africa. The company has operating mines namely, Waterval mine; Marikana West; and Kroondal Gemini. The Group has one reportable segment being the mining and beneficiation of chrome ore into ferrochrome and associated minerals.