Downing Strategic Micro-Cap Investment Trust (LSE:DSM) Accounts Receivable : £0.00 Mil (As of Aug. 2024)

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What is Downing Strategic Micro-Cap Investment Trust Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Downing Strategic Micro-Cap Investment Trust's accounts receivables for the quarter that ended in Aug. 2024 was £0.00 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Downing Strategic Micro-Cap Investment Trust's Days Sales Outstanding for the quarter that ended in Aug. 2024 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. Downing Strategic Micro-Cap Investment Trust's Net-Net Working Capital per share for the quarter that ended in Aug. 2024 was £0.01.

Downing Strategic Micro-Cap Investment Trust Accounts Receivable Historical Data

The historical data trend for Downing Strategic Micro-Cap Investment Trust'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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Downing Strategic Micro-Cap Investment Trust Accounts Receivable Chart

Downing Strategic Micro-Cap Investment Trust Annual Data

Trend

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Accounts Receivable

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Downing Strategic Micro-Cap Investment Trust Semi-Annual Data
	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23	Feb24	Aug24
Accounts Receivable	Get a 7-Day Free Trial										-	-	-	-	-

Downing Strategic Micro-Cap Investment Trust Accounts Receivable Calculation

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

Downing Strategic Micro-Cap Investment Trust 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.

Downing Strategic Micro-Cap Investment Trust's Days Sales Outstanding for the quarter that ended in Aug. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0	/	2.281	*	91
=	0.00

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

Downing Strategic Micro-Cap Investment Trust's Net-Net Working Capital Per Share for the quarter that ended in Aug. 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)
=	(0.482	+	0.75 * 0	+	0.5 * 0	-	0.163
-	0	-	0)	/	45.645
=	0.01

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.

Downing Strategic Micro-Cap Investment Trust Accounts Receivable Related Terms

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Downing Strategic Micro-Cap Investment Trust Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Downing Strategic Micro-Cap Investment Trust PLC (LSE:DSM) » Definitions » Accounts Receivable

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Address

3 Lower Thames Street, 6th floor, St Magnus House, London, GBR, EC3R 6HD

Website

https://www.downingstrategic.co.uk

Downing Strategic Micro-Cap Investment Trust PLC is a closed-ended investment company. The investment objective of the company is to generate capital growth for shareholders over the long term from a focused portfolio of UK micro-cap companies targeting a compound return of around 15 per cent per annum over the long term. The company invest in the UK publicly quoted companies that are defined by the Investment Manager as micro-cap.