MultiChoice Group (MultiChoice Group) Accounts Receivable : $349 Mil (As of Sep. 2023)

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What is MultiChoice Group Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. MultiChoice Group's accounts receivables for the quarter that ended in Sep. 2023 was $349 Mil.

Accounts receivable can be measured by Days Sales Outstanding. MultiChoice Group's Days Sales Outstanding for the quarter that ended in Sep. 2023 was 42.58.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. MultiChoice Group's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was $-3.88.

MultiChoice Group Accounts Receivable Historical Data

The historical data trend for MultiChoice 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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MultiChoice Group Accounts Receivable Chart

MultiChoice Group Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Accounts Receivable

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151.89

87.79

103.04

103.68

116.54

MultiChoice Group Semi-Annual Data
	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Accounts Receivable	Get a 7-Day Free Trial							296.48	103.68	365.77	116.54	348.58

MultiChoice Group Accounts Receivable Calculation

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

MultiChoice 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.

MultiChoice Group's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	348.577	/	1493.96	*	91
=	42.58

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

MultiChoice Group's Net-Net Working Capital Per Share for the quarter that ended in Sep. 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)
=	(295.323	+	0.75 * 348.577	+	0.5 * 77.667	-	2522.027
-	0	-	-264.847)	/	428.2
=	-3.88

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.

MultiChoice Group Accounts Receivable Related Terms

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MultiChoice Group (MultiChoice Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » MultiChoice Group Ltd (OTCPK:MCHOY) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

MCG:South Africa MCOIF:USA 30R:Germany

Address

144 Bram Fischer Drive, MultiChoice City, Randburg, Johannesburg, GT, ZAF, 2194

Website

https://www.multichoice.com

MultiChoice Group Ltd is an entertainment company providing video entertainment to the African Markets. It provides its content through Direct To Home (DTH), Digital Terrestrial Television (DTT) and online video entertainment services. The entertainment platforms of the company include GOtv, Showmax, DStv, and others. Its geographical segment includes South Africa; the Rest of Africa as well as the Technology segment. The company derives a majority of its revenue from South Africa.