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Mavenome and Growth VCT 3 (LSE:MIG3) Accounts Receivable : £0.00 Mil (As of Nov. 2023)


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What is Mavenome and Growth VCT 3 Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Mavenome and Growth VCT 3's accounts receivables for the quarter that ended in Nov. 2023 was £0.00 Mil.

Accounts receivable can be measured by Days Sales Outstanding.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Mavenome and Growth VCT 3's Net-Net Working Capital per share for the quarter that ended in Nov. 2023 was £0.03.


Mavenome and Growth VCT 3 Accounts Receivable Historical Data

The historical data trend for Mavenome and Growth VCT 3'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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Mavenome and Growth VCT 3 Accounts Receivable Chart

Mavenome and Growth VCT 3 Annual Data
Trend Nov14 Nov15 Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23
Accounts Receivable
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Mavenome and Growth VCT 3 Semi-Annual Data
May14 Nov14 May15 Nov15 May16 Nov16 May17 Nov17 May18 Nov18 May19 Nov19 May20 Nov20 May21 Nov21 May22 Nov22 May23 Nov23
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Mavenome and Growth VCT 3 Accounts Receivable Calculation

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


Mavenome and Growth VCT 3 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.

Mavenome and Growth VCT 3's Days Sales Outstanding for the quarter that ended in Nov. 2023 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0/-0.503*91
=

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Mavenome and Growth VCT 3's accounts receivable are only considered to be worth 75% of book value:

Mavenome and Growth VCT 3's Net-Net Working Capital Per Share for the quarter that ended in Nov. 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)
=(3.117+0.75 * 0+0.5 * 0-0.265
-0-0)/113.07
=0.03

* 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.


Mavenome and Growth VCT 3 Accounts Receivable Related Terms

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Mavenome and Growth VCT 3 (LSE:MIG3) Business Description

Traded in Other Exchanges
N/A
Address
205 West George Street, Kintyre House, Glasgow, GBR, G2 2LW
Maven Income and Growth VCT 3 PLC is a part of the financial services sector. It operating as a venture capital trust, the company aims to achieve long-term capital growth and income for its shareholders. It follows a strategy of investing most of its funds in shares and securities of unquoted UK companies and AIM-quoted companies. The company funds portfolio includes Greater Manchester Loan Fund, Private Equity, and Property Fund.

Mavenome and Growth VCT 3 (LSE:MIG3) Headlines

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