Mesa Air Group (Mesa Air Group) Accounts Receivable

: $8.3 Mil (As of Sep. 2023)

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Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Mesa Air Group's accounts receivables for the quarter that ended in Sep. 2023 was $8.3 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Mesa Air Group's Days Sales Outstanding for the quarter that ended in Sep. 2023 was 6.58.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Mesa Air Group's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was $-15.75.

Mesa Air Group Accounts Receivable Historical Data

The historical data trend for Mesa Air 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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Mesa Air Group Annual Data

Trend

Sep07

Sep08

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Accounts Receivable

23.08

13.71

3.17

3.98

8.25

Mesa Air Group Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Accounts Receivable																3.98	13.12	9.92	3.58	8.25

Mesa Air Group Accounts Receivable Calculation

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

Mesa Air 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.

Mesa Air Group's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	8.253	/	114.366	*	91
=	6.58

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

Mesa Air Group's Net-Net Working Capital Per Share for the quarter that ended in Sep. 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)
=	(32.94	+	0.75 * 8.253	+	0.5 * 29.245	-	698.431
-	0	-	0)	/	40.9403
=	-15.75

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.

Mesa Air Group Accounts Receivable Related Terms

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Mesa Air Group (Mesa Air Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Mesa Air Group Inc (NAS:MESA) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

M2A:Germany

Address

410 North 44th Street, Suite 700, Phoenix, AZ, USA, 85008

Website

https://www.mesa-air.com

Mesa Air Group Inc is a regional air carrier providing scheduled passenger service. It provides scheduled passenger service to 129 cities in the District of Columbia, the Bahamas, and Mexico, as well as cargo services out of Cincinnati/Northern Kentucky International Airport. Flights are operated as American Eagle, United Express, or DHL Express flights to the terms of capacity purchase agreements with American and United and a flight services agreement with DHL. The business has a presence in domestic hubs and cities, including Dallas, Houston, Phoenix, and Washington-Dulles.

Executives

Jonathan Ireland	director	410 NORTH 44TH STREET, SUITE 700, PHOENIX AZ 85008
Daniel Jerome Mchugh	director	410 N 44TH ST STE 700, PHOENIX AZ 85008
Daniel Torque Zubeck	officer: CFO & Treasurer	16832 12TH AVE SW, NORMANDY WA 98166
Jonathan G Ornstein	director, officer: Chairman & CEO	410 N. 44TH STREET, SUITE 700, PHOENIX AZ 85008
Mitchell I Gordon	director	C/O OCEANTECH ACQUISITIONS I CORP, 515 MADISON AVENUE, 8TH FL - SUITE 8133, NEW YORK NY 10022
Brian S Gillman	officer: General Counsel	410 N. 44TH STREET, SUITE 700, PHOENIX AZ 85008
Spyridon Skiados	director	410 N. 44TH STREET, SUITE 700, PHOENIX AZ 85008
Harvey W Schiller	director	410 N. 44TH STREET, SUITE 700, PHOENIX AZ 85008
Michael Lotz	officer: President and COO	410 N. 44TH STREET, SUITE 700, PHOENIX AZ 85008
Ellen N. Artist	director	410 N. 44TH STREET, SUITE 700, PHOENIX AZ 85008
Dana J Lockhart	director	410 N. 44TH STREET, SUITE 700, PHOENIX AZ 85008
Bradford R Rich	officer: EVP & Chief Operating Officer	MESA AIR GROUP, 410 NORTH 44TH STREET, PHOENIX AZ 85008
Michael L Ferverda	officer: President, Freedom Airlines	410 N. 44TH STREET, SUITE 700, PHOENIX AZ 85008
G Grant Lyon	director	410 N. 44TH STREET, SUITE 700, PHOENIX AZ 85008
Daniel Joseph Altobello	director	6550 ROCK SPRING DR, SUITE 550, BETHESDA MD 20817