Made Tech Group (LSE:MTEC) Accounts Receivable : £7.29 Mil (As of Nov. 2023)

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What is Made Tech Group Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Made Tech Group's accounts receivables for the quarter that ended in Nov. 2023 was £7.29 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Made Tech Group's Days Sales Outstanding for the quarter that ended in Nov. 2023 was 69.51.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Made Tech Group's Net-Net Working Capital per share for the quarter that ended in Nov. 2023 was £0.05.

Made Tech Group Accounts Receivable Historical Data

The historical data trend for Made Tech 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.

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Made Tech Group Accounts Receivable Chart

Made Tech Group Annual Data

Trend

May19

May20

May21

May22

May23

Accounts Receivable

0.41

1.31

2.10

4.40

4.30

Made Tech Group Semi-Annual Data
	May19	May20	Nov20	May21	Nov21	May22	Nov22	May23	Nov23
Accounts Receivable	Get a 7-Day Free Trial				4.62	4.40	6.40	4.30	7.29

Made Tech Group Accounts Receivable Calculation

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

Made Tech 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.

Made Tech Group's Days Sales Outstanding for the quarter that ended in Nov. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	7.288	/	19.134	*	91
=	69.51

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

Made Tech Group'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)
=	(7.878	+	0.75 * 7.288	+	0.5 * 0	-	5.265
-	0	-	0)	/	149.287
=	0.05

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.

Made Tech Group Accounts Receivable Related Terms

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Made Tech Group (LSE:MTEC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Made Tech Group PLC (LSE:MTEC) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

5UH:Germany

Address

4 O’Meara Street, London, GBR, SE1 1TE

Website

https://www.madetech.com

Made Tech Group PLC provides digital, data and technology services to the UK public sector, that enables central government, healthcare, and local government organisations to digitally transform. Its projects include delivering and operating the Multichannel Digital Tax Platform (MDTP), which runs HMRC's Making Tax Digital services; supporting the Ministry of Justice to modernise the technology within the prison estate; and working with DVLA to digitally transform key services such as the UK provisional driving licence system.

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