GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Mentice AB (FRA:MN2) » Definitions » Accounts Receivable

Mentice AB (FRA:MN2) Accounts Receivable : €7.64 Mil (As of Dec. 2023)


View and export this data going back to 2019. Start your Free Trial

What is Mentice AB Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Mentice AB's accounts receivables for the quarter that ended in Dec. 2023 was €7.64 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Mentice AB's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 110.75.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Mentice AB's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was €-0.12.


Mentice AB Accounts Receivable Historical Data

The historical data trend for Mentice AB'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.

* Premium members only.

Mentice AB Accounts Receivable Chart

Mentice AB Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Accounts Receivable
Get a 7-Day Free Trial 3.57 2.90 6.65 7.79 7.64

Mentice AB Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Accounts Receivable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 7.79 5.95 7.71 4.38 7.64

Mentice AB Accounts Receivable Calculation

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


Mentice AB 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.

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

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=7.643/6.297*91
=110.75

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

Mentice AB's Net-Net Working Capital Per Share for the quarter that ended in Dec. 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)
=(5.285+0.75 * 7.643+0.5 * 1.261-14.621
-0-0)/25.5688
=-0.12

* 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.


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.


Mentice AB Accounts Receivable Related Terms

Thank you for viewing the detailed overview of Mentice AB's Accounts Receivable provided by GuruFocus.com. Please click on the following links to see related term pages.


Mentice AB (FRA:MN2) Business Description

Traded in Other Exchanges
Address
Odinsgatan 10, Gothenburg, SWE, 411 03
Mentice AB is engaged in the provision of software and hardware simulation solutions for endovascular therapies. Its solutions help healthcare professionals acquire, retain, and enhance their procedural skills driving improved productivity and outcomes. It operates through three segments: System Sales, Software Licences, and Service.

Mentice AB (FRA:MN2) Headlines

No Headlines