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Maistro (LSE:MAIS) Accounts Receivable : £0.47 Mil (As of Dec. 2018)


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What is Maistro Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Maistro's accounts receivables for the quarter that ended in Dec. 2018 was £0.47 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Maistro's Days Sales Outstanding for the quarter that ended in Dec. 2018 was 94.47.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Maistro's Net-Net Working Capital per share for the quarter that ended in Dec. 2018 was £0.00.


Maistro Accounts Receivable Historical Data

The historical data trend for Maistro'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.

Maistro Accounts Receivable Chart

Maistro Annual Data
Trend Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.54 0.18 0.01 0.18 0.47

Maistro Semi-Annual Data
Dec11 Jun12 Dec12 Jun13 Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18
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 0.01 0.06 0.18 0.19 0.47

Maistro Accounts Receivable Calculation

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


Maistro 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.

Maistro's Days Sales Outstanding for the quarter that ended in Dec. 2018 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0.469/0.906*91
=94.47

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

Maistro's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2018 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)
=(1.091+0.75 * 0.469+0.5 * 0-1.115
-0-0)/193.897
=0.00

* 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.


Maistro Accounts Receivable Related Terms

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Maistro (LSE:MAIS) Business Description

Traded in Other Exchanges
N/A
Address
3 Babbage Way, 1A, Grow On Building, Science Park, Clyst Honiton, Exeter, Devon, GBR, EX5 2FN
Maistro PLC operates an enterprise services platform that helps organizations eliminated the waste and inefficiency inherent in traditional purchasing of business services. It provides cloud-based software and managed services to create an end to end solution that includes sourcing, supplier short listing, contract and project management through to payment processing and reporting. The firm has the provision of services segment. It derives revenue from Buyer plans, Buyer premium services, Buyer market intelligence tools, Service provider subscriptions and Project revenue. The company operates mainly in UK and US.

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