Banco Modal (BSP:MODL3) Accounts Receivable : R$0.0 Mil (As of Mar. 2023)

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What is Banco Modal Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Banco Modal's accounts receivables for the quarter that ended in Mar. 2023 was R$0.0 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Banco Modal's Days Sales Outstanding for the quarter that ended in Mar. 2023 was 0.00.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Banco Modal's Net-Net Working Capital per share for the quarter that ended in Mar. 2023 was R$-7.94.

Banco Modal Accounts Receivable Historical Data

The historical data trend for Banco Modal'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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Banco Modal Accounts Receivable Chart

Banco Modal Annual Data

Trend

Dec20

Dec21

Dec22

Accounts Receivable

Banco Modal Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
Accounts Receivable	Get a 7-Day Free Trial					-	-	-	-	-

Banco Modal Accounts Receivable Calculation

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

Banco Modal 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.

Banco Modal's Days Sales Outstanding for the quarter that ended in Mar. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0	/	80.181	*	91
=	0.00

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

Banco Modal's Net-Net Working Capital Per Share for the quarter that ended in Mar. 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)
=	(846.739	+	0.75 * 0	+	0.5 * 0	-	6288.938
-	0	-	0)	/	685.529
=	-7.94

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.

Banco Modal Accounts Receivable Related Terms

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Banco Modal (BSP:MODL3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Banco Modal SA (BSP:MODL3) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Praia De Botafogo 501, 6th Floor, Sugar loaf Tower, Rio De Janiero, RJ, BRA, 22250-040

Website

https://www.modal.com.br

Banco Modal SA is an investment bank with operations in structuring and coordinating operations in the national market. It advises companies in strategic decision-making moments such as mergers, acquisitions, fundraising, going public, and investment opportunities. It is a limited liability corporation, whose objective is to carry out banking operations and to render the permitted services for multiservice banks with commercial, investment and foreign exchange portfolios.

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