United Malt Group (ASX:UMG) Accounts Receivable : A$264 Mil (As of Mar. 2023)

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What is United Malt Group Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. United Malt Group's accounts receivables for the quarter that ended in Mar. 2023 was A$264 Mil.

Accounts receivable can be measured by Days Sales Outstanding. United Malt Group's Days Sales Outstanding for the quarter that ended in Mar. 2023 was 63.73.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. United Malt Group's Net-Net Working Capital per share for the quarter that ended in Mar. 2023 was A$-1.66.

United Malt Group Accounts Receivable Historical Data

The historical data trend for United Malt Group'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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United Malt Group Accounts Receivable Chart

United Malt Group Annual Data

Trend

Sep19

Sep20

Sep21

Sep22

Accounts Receivable

250.00

226.90

205.70

248.50

United Malt Group Semi-Annual Data
	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23
Accounts Receivable	Get a 7-Day Free Trial			212.70	205.70	245.90	248.50	264.20

United Malt Group Accounts Receivable Calculation

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

United Malt Group 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.

United Malt Group's Days Sales Outstanding for the quarter that ended in Mar. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	264.2	/	756.6	*	91
=	63.73

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

United Malt Group's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2023 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)
=	(159.1	+	0.75 * 264.2	+	0.5 * 506.7	-	1107.6
-	0	-	0)	/	299.179
=	-1.66

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.

United Malt Group Accounts Receivable Related Terms

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United Malt Group (ASX:UMG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » United Malt Group Ltd (ASX:UMG) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

18110 SE 34th Street, Suite 240, Vancouver, WA, USA, 98683

Website

https://www.unitedmalt.com

United Malt processes grains into malt, primarily for brewing into beer. The company is the fourth largest global malt processor and works with some of the world's largest breweries and distillers as well as fast growing craft producers. The business has capacity to process about 1.25 million metric tons of malt annually, primarily housed in the U.S. and Canada, serving the North American beer market, with additional facilities in Australia (serving both domestic brewing and exports to Asia) and the U.K. (selling to Scotch whisky distillers).

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