Mercury Systems (Mercury Systems) Accounts Receivable : $82.7 Mil (As of Dec. 2023)

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What is Mercury Systems Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Mercury Systems's accounts receivables for the quarter that ended in Dec. 2023 was $82.7 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Mercury Systems's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 38.23.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Mercury Systems's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-9.10.

Mercury Systems Accounts Receivable Historical Data

The historical data trend for Mercury Systems'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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Mercury Systems Accounts Receivable Chart

Mercury Systems Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Accounts Receivable

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118.83

120.44

128.81

144.49

124.73

Mercury Systems Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Accounts Receivable	Get a 7-Day Free Trial															145.86	125.56	124.73	91.45	82.74

Mercury Systems Accounts Receivable Calculation

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

Mercury Systems 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	82.737	/	197.463	*	91
=	38.23

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

Mercury Systems's Net-Net Working Capital Per Share for the quarter that ended in Dec. 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)
=	(168.646	+	0.75 * 82.737	+	0.5 * 354.212	-	931.76
-	0	-	0)	/	57.5637
=	-9.10

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.

Mercury Systems Accounts Receivable Related Terms

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Mercury Systems (Mercury Systems) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Mercury Systems Inc (NAS:MRCY) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

MCY:Germany

Address

50 Minuteman Road, Andover, MA, USA, 01810

Website

https://www.mrcy.com

Mercury Systems Inc is a commercial technology company serving the aerospace and defense industry. The company envisions, creates and delivers secure open architecture solutions powering a broad range of mission-critical applications in the challenging and demanding environments. Inspired by its purpose of delivering Innovation that Matters, By and For People Who Matter, Mercury helps make the world a safer, more secure place for all.

Executives

Michelle M Mccarthy	officer: SVP, CAO	50 MINUTEMAN ROAD, ANDOVER MA 01810
Wells Charles Roger Iv	officer: EVP President Microelectronics	5255 GROVEMONT DRIVE, ELKRIDGE MD 21075
Orlando D Carvalho	director	6801 ROCKLEDGE DRIVE, BETHESDA MD 20817
Debora A Plunkett	director	6501 LEGACY DRIVE, PLANO TX 75024
Barry R Nearhos	director	C/O VIRTUSA CORPORATION, 200 WEST PARK DRIVE, WESTBOROUGH MA 01581
Lisa S Disbrow	director	50 MINUTEMAN ROAD, ANDOVER MA 01810
Allen Couture	officer: EVP, Execution Excellence	C/O MERCURY SYSTEMS, INC., 50 MINUTEMAN ROAD, ANDOVER MA 01810
James Mitch Stevison	officer: EVP, President Mission Systems	103 SANSBERRY LANE, MADISON AL 35376
Steven Ratner	officer: EVP, CHRO	C/O MERCURY SYSTEMS, INC., 50 MINUTEMAN ROAD, ANDOVER MA 01810
Stephanie Georges	officer: EVP, CCO	1300 WEST 120TH AVENUE, WESTMINSTER CO 80234
Christopher C Cambria	officer: EVP, Gen Counsel & Secretary	C/O GENCORP INC., P.O. BOX 537012, SACRAMENTO CA 95853-7012
Jana Partners Llc	director, other: See Remarks	767 FIFTH AVENUE, 8TH FLOOR, NEW YORK NY 10153
Howard L Lance	director	C/O SUMMIT MATERIALS, INC., 1550 WYNKOOP STREET, 3RD FLOOR, DENVER CO 80202
William L Ballhaus	director, officer: President & CEO	3190 FAIRVIEW PARK DRIVE, SUITE 700, FALLS CHURCH VA 22042
Roger A Krone	director