Metro (TSX:MRU) Accounts Receivable : C$707 Mil (As of Mar. 2024)

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What is Metro Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Metro's accounts receivables for the quarter that ended in Mar. 2024 was C$707 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Metro's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 13.87.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Metro's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was C$-25.49.

Metro Accounts Receivable Historical Data

The historical data trend for Metro'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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Metro Accounts Receivable Chart

Metro Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Accounts Receivable

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611.20

641.80

679.20

680.30

728.30

Metro Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Accounts Receivable	Get a 7-Day Free Trial															688.80	735.90	728.30	840.10	707.40

Metro Accounts Receivable Calculation

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

Metro 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.

Metro's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	707.4	/	4655.5	*	91
=	13.87

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

Metro's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2024 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	+	0.75 * 707.4	+	0.5 * 1515.2	-	7023.2
-	0	-	16.3)	/	225.654
=	-25.49

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.

Metro Accounts Receivable Related Terms

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Metro (TSX:MRU) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Metro Inc (TSX:MRU) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

MTRAF:USA 62M:Germany

Address

11011 Maurice-Duplessis, Finances, Montreal, Montreal, QC, CAN, H1C 1V6

Website

https://www.metro.ca

Metro is the third-largest grocery retailer in Canada (behind Loblaw and Sobeys) and also owns the top pharmacy chain in Quebec, Jean Coutu, following the 2018 acquisition. Its grocery banners include supermarket chain Metro, discounters Super C and Food Basics, and ethnic food grocer Adonis, while its pharmacies primarily operate under the Jean Coutu and Brunet trademarks. Metro operates both as a food retailer and a franchisor, licensing its trademarks and supplying merchandise to registered pharmacists. The firm also acts as a wholesaler and distributor to serve smaller, neighborhood grocery stores. Unlike peers Loblaw and Sobeys that operate chain stores across Canada, Metro's operations are concentrated in the provinces of Quebec and Ontario, with no presence in western Canada.

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