Marks Electrical Group (LSE:MRK) Accounts Receivable : £3.3 Mil (As of Mar. 2024)

View and export this data going back to 2021. Start your Free Trial

What is Marks Electrical Group Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Marks Electrical Group's accounts receivables for the quarter that ended in Mar. 2024 was £3.3 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Marks Electrical Group's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 9.84.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Marks Electrical Group's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was £-0.04.

Marks Electrical Group Accounts Receivable Historical Data

The historical data trend for Marks Electrical Group'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.

Marks Electrical Group Accounts Receivable Chart

Marks Electrical Group Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Accounts Receivable

Get a 7-Day Free Trial

0.07

0.05

2.63

0.07

3.26

Marks Electrical Group Semi-Annual Data
	Mar19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Accounts Receivable	Get a 7-Day Free Trial					2.63	3.17	0.07	4.99	3.26

Marks Electrical Group Accounts Receivable Calculation

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

Marks Electrical Group 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.

Marks Electrical Group's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	3.258	/	60.404	*	91
=	9.84

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

Marks Electrical Group's Net-Net Working Capital Per Share for the quarter that ended in Mar. 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)
=	(7.817	+	0.75 * 3.258	+	0.5 * 13.015	-	20.647
-	0	-	0)	/	104.689
=	-0.04

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.

Marks Electrical Group Accounts Receivable Related Terms

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

Marks Electrical Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Marks Electrical Group PLC (LSE:MRK) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

4 Boston Road, Leicester, GBR, LE4 1AU

Website

https://www.markselectrical.co.uk

Marks Electrical Group PLC sells, delivers, installs, and recycles a wide range of household electrical products. Primarily through its retail website - markselectrical.co.uk, the company offers over 3,000 products from over fifty brands across its main product categories, which include Cooking, Refrigeration, Washers & Dryers, Dishwashers and Audio-Visual. These products are sourced from UK distributors of the brands, with whom the group maintains strong and direct relationships. Delivery to customers is operated by its own skilled team of delivery drivers in its owned and branded vehicles, who are also able to offer installation and recycling services.