Munic (XPAR:ALMUN) Accounts Receivable : €2.67 Mil (As of Jun. 2023)

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What is Munic Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Munic's accounts receivables for the quarter that ended in Jun. 2023 was €2.67 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Munic's Days Sales Outstanding for the quarter that ended in Jun. 2023 was 77.31.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Munic's Net-Net Working Capital per share for the quarter that ended in Jun. 2023 was €-0.63.

Munic Accounts Receivable Historical Data

The historical data trend for Munic'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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Munic Accounts Receivable Chart

Munic Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Accounts Receivable

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5.12

8.14

1.85

8.11

5.40

Munic Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Accounts Receivable	Get a 7-Day Free Trial							2.33	8.11	2.19	5.40	2.67

Munic Accounts Receivable Calculation

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

Munic 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.

Munic's Days Sales Outstanding for the quarter that ended in Jun. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	2.671	/	6.305	*	91
=	77.31

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

Munic's Net-Net Working Capital Per Share for the quarter that ended in Jun. 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)
=	(3.301	+	0.75 * 2.671	+	0.5 * 2.645	-	12.277
-	0	-	0)	/	8.93366
=	-0.63

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.

Munic Accounts Receivable Related Terms

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Munic (XPAR:ALMUN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Munic SA (XPAR:ALMUN) » Definitions » Accounts Receivable

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Traded in Other Exchanges

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Address

100 avenue de Stalingrad, Villejuif, Paris, FRA, 94800

Website

https://www.munic.io

Munic SA is a vehicle data collection, processing and monetization company in Europe and North America. The company designs intelligent solutions in vehicles which collect data using the Munic box directly connected to the heart of the vehicle's electronic network via a universal socket, process such data locally within the Munic box; transmit and analyze such data on a proprietary artificial intelligence platform Munic.io; and allow B-to-B third parties to integrate their commercial applications on Munic.io to monetize the data collected. Its products include Munic Max V4, Munic V6 and Munic V6+ and V7+.

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