MA Financial Group (ASX:MAF) Accounts Receivable : A$690.8 Mil (As of Jun. 2024)

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What is MA Financial Group Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. MA Financial Group's accounts receivables for the quarter that ended in Jun. 2024 was A$690.8 Mil.

Accounts receivable can be measured by Days Sales Outstanding. MA Financial Group's Days Sales Outstanding for the quarter that ended in Jun. 2024 was 961.71.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. MA Financial Group's Net-Net Working Capital per share for the quarter that ended in Jun. 2024 was A$-17.98.

MA Financial Group Accounts Receivable Historical Data

The historical data trend for MA Financial 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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MA Financial Group Accounts Receivable Chart

MA Financial Group Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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1.46

3.84

8.15

10.32

10.47

MA Financial Group Semi-Annual Data
	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Accounts Receivable	Get a 7-Day Free Trial										286.16	10.32	674.72	10.47	690.76

MA Financial Group Accounts Receivable Calculation

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

MA Financial 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.

MA Financial Group's Days Sales Outstanding for the quarter that ended in Jun. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	690.763	/	131.083	*	91
=	961.71

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

MA Financial Group's Net-Net Working Capital Per Share for the quarter that ended in Jun. 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)
=	(285.759	+	0.75 * 690.763	+	0.5 * 0	-	4064.745
-	0	-	0)	/	181.343
=	-17.98

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.

MA Financial Group Accounts Receivable Related Terms

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MA Financial Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » MA Financial Group Ltd (ASX:MAF) » Definitions » Accounts Receivable

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Traded in Other Exchanges

N/A

Address

10 Carrington Street, Level 27, Brookfield Place, Sydney, NSW, AUS, 2000

Website

https://www.mafinancial.com

MA Financial Group Ltd is a financial services company. The Group is organised into the following business segments: Asset Management, Lending & Technology, and Corporate Advisory & Equities (CA&E). It generates maximum revenue from the Asset Management segment. The Asset Management segment incorporates the provision of asset management services and principal co-investment and strategic investments. The Lending & Technology segment includes the provision of Lending Platforms for loan funding, residential mortgages and Financial Technology. The Corporate Advisory and Equities segment provides corporate advice, underwriting and institutional stockbroking services. The Group mainly operates in Australia.

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