MISTRAS Group (MISTRAS Group) Change In Receivables

: $-8.0 Mil (TTM As of Dec. 2023)

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MISTRAS Group's change in receivables for the quarter that ended in Dec. 2023 was $5.4 Mil. It means MISTRAS Group's Accounts Receivable declined by $5.4 Mil from Sep. 2023 to Dec. 2023 .

MISTRAS Group's change in receivables for the fiscal year that ended in Dec. 2023 was $-8.0 Mil. It means MISTRAS Group's Accounts Receivable increased by $8.0 Mil from Dec. 2022 to Dec. 2023 .

MISTRAS Group's Accounts Receivable for the quarter that ended in Dec. 2023 was $132.8 Mil.

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 Receivable are being managed. MISTRAS Group's Days Sales Outstanding for the three months ended in Dec. 2023 was 66.58.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. MISTRAS Group's liquidation value for the three months ended in Dec. 2023 was $-219.4 Mil.

MISTRAS Group Change In Receivables Historical Data

The historical data trend for MISTRAS Group's Change In Receivables 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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MISTRAS Group Annual Data

Trend

May14

May15

May16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

8.30

27.31

-3.98

-17.23

-8.03

MISTRAS Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Change In Receivables																10.47	3.78	2.08	-19.25	5.37

MISTRAS Group Change In Receivables Calculation

Change In Accounts Receivable relative to the previous period. It is any increase or decrease in the cash a company is owed by its customers.

Change In Receivables for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-8.0 Mil.

MISTRAS Group (NYSE:MG) Change In Receivables 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 Receivable are being managed.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	132.847	/	182.074	*	91
=	66.58

2. In Ben Graham's calculation of liquidation value, MISTRAS Group's accounts receivable are only considered to be worth 75% of book value:

MISTRAS Group's liquidation value for the quarter that ended in Dec. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	17.646	-	344.273	+	0.75 * 132.847	+	0.5 * 15.283
=	-219.4

MISTRAS Group Change In Receivables Related Terms

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MISTRAS Group (MISTRAS Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » MISTRAS Group Inc (NYSE:MG) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

MIY:Germany

Address

195 Clarksville Road, Princeton Junction, NJ, USA, 08550

Website

https://www.mistrasgroup.com

MISTRAS Group Inc provides asset protection solutions and systems. The company evaluates the structural integrity and reliability of critical energy, industrial, and public infrastructure. The company's three operating segments are Service, International and Products and Systems, of which key revenue is derived from the Services segment. Services segment provides asset protection solutions predominantly in North America, with the large amount of concentration in the United States, followed by Canada, consisting of non-destructive testing, and inspection. The asset protection solutions include field inspections, consulting, maintenance, data management, access, monitoring and laboratory quality assurance.

Executives

Nicholas Debenedictis	director	GLATFELTER, 96 SOUTH GEORGE ST STE 420, YORK PA 17401
John Anthony Smith	officer: Executive Vice President	195 CLARKSVILLE RD, PRINCETON JUNCTION NJ 08550
Gennaro A. D'alterio	officer: EVP, Chief Commercial Officer	PO BOX 144, HARLEYSVILLE PA 19438
Sotirios Vahaviolos January 2023 2-year Grantor Retained Annuity Trust	10 percent owner	C/O MISTRAS GROUP, 195 CLARKSVILLE ROAD, PRINCETON JUNCTION NJ 08550
Richard H Glanton	director	C/O THE GEO GROUP, INC., 4955 TECHNOLOGY WAY, BOCA RATON FL 33431
Manuel N. Stamatakis	director	C/O MISTRAS GROUP, INC., 195 CLARKSVILLE ROAD, PRINCETON JUNCTION NJ 08550
Charles P Pizzi	director	C/O TASTY BAKING COMPANY, NAVY YARD CORP. CTR., THREE CRESCENT DR., PHILADELPHIA PA 19112
Michelle Lohmeier	director	C/O SPIRIT AEROSYSTEMS HOLDINGS, INC., WICHITA KS 67210
Dennis Bertolotti	officer: President and COO, Services	C/O MISTRAS GROUP, 195 CLARKSVILLE ROAD, PRINCETON JUNCTION NJ 08550
James J Forese	director, 10 percent owner	C/O SFN GROUP INC, 2050 SPECTRUM BOULEVARD, FT. LAUDERDALE FL 33309
Wayne Curtis Weldon	director	4687 WEST CHESTER PIKE, NEWTOWN SQUARE PA 19073
Sotirios J. Vahaviolos	director, 10 percent owner, officer: Chairman, President and CEO	C/O MISTRAS GROUP, INC., 195 CLARKSVILLE ROAD, PRINCETON JUNCTION NJ 08550
Jonathan H Wolk	officer: EVP, Chief Financial Officer	3102 SHAWNEE DRIVE, WINCHESTER VA 22601
Michael C Keefe	officer: EVP, General Counsel	C/O MISTRAS GROUP, 195 CLARKSVILLE ROAD, PRINCETON JUNCTION NJ 08550
Edward J Prajzner	officer: Sr. VP, CFO and Treasurer	C/O TECHNITROL, INC., 1210 NORTHBROOK DRIVE, SUITE 470, TREVOSE PA 19053