M&G Creditome Investment Trust (LSE:MGCI) Accounts Receivable : £0.00 Mil (As of Dec. 2023)

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What is M&G Creditome Investment Trust Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. M&G Creditome Investment Trust's accounts receivables for the quarter that ended in Dec. 2023 was £0.00 Mil.

Accounts receivable can be measured by Days Sales Outstanding. M&G Creditome Investment Trust's Days Sales Outstanding for the quarter that ended in Dec. 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. M&G Creditome Investment Trust's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was £-0.01.

M&G Creditome Investment Trust Accounts Receivable Historical Data

The historical data trend for M&G Creditome 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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M&G Creditome Investment Trust Accounts Receivable Chart

M&G Creditome Investment Trust Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

M&G Creditome Investment Trust Semi-Annual Data
	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Receivable	Get a 7-Day Free Trial			-	-	-	-	-

M&G Creditome Investment Trust Accounts Receivable Calculation

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

M&G Creditome 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.

M&G Creditome Investment Trust's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0	/	8.995	*	91
=	0.00

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

M&G Creditome Investment Trust'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)
=	(2.121	+	0.75 * 0	+	0.5 * 0	-	3.756
-	0	-	0)	/	140.619
=	-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.

M&G Creditome Investment Trust Accounts Receivable Related Terms

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M&G Creditome Investment Trust (LSE:MGCI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » M&G Credit Income Investment Trust PLC (LSE:MGCI) » Definitions » Accounts Receivable

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Traded in Other Exchanges

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Address

65 Gresham Street, 6th Floor, London, GBR, EC2V 7NQ

Website

https://www.mandg.co.uk

M&G Credit Income Investment Trust PLC is an UK based asset management company. The principal activity of the group is to invest in a diversified portfolio of public and private Debt Instruments, with a view to achieving the company's investment objective. Its investment objective is to generate a regular and attractive level of income with low asset value volatility.

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