MERFF (Merafe Resources) Accounts Receivable: $88.0 Mil (As of Jun. 2026)

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MERFF Merafe Resources Ltd MERFF
85 GF Score
Price $0.22
GF Value $0.16
! 7 Warning Signs
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What is Merafe Resources Accounts Receivable?

Merafe Resources MERFF 85 Accounts Receivable is $88.0 Mil as of Jun. 2026. GuruFocus rates MERFF with a GF Score™ of 85/100 and a GF Value™ of $0.16. The stock has 7 warning signs investors should review.

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Merafe Resources's accounts receivables for the quarter that ended in Jun. 2026 was $88.0 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Merafe Resources's Days Sales Outstanding for the quarter that ended in Jun. 2026 was 76.69.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Merafe Resources's Net-Net Working Capital per share for the quarter that ended in Jun. 2026 was $0.06.


Merafe Resources 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.

Merafe Resources's Days Sales Outstanding for the quarter that ended in Jun. 2026 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=88.025/209.482*91
=76.69

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

Merafe Resources's Net-Net Working Capital Per Share for the quarter that ended in Jun. 2026 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)
=(122.138+0.75 * 88.025+0.5 * 81.634-77.03
-0-0)/2499.127
=0.06

* 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.


Merafe Resources Accounts Receivable Related Terms


Merafe Resources Accounts Receivable Historical Data

* Premium members only.

The historical data trend for Merafe Resources'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.

Merafe Resources Accounts Receivable Chart

Merafe Resources Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 97.34 49.34 72.72 61.21 65.78

Merafe Resources Semi-Annual Data
Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25 Jun26
Accounts Receivable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 99.39 61.21 59.95 65.78 88.03
MERFF
85GF Score
Merafe Resources Ltd MERFF
Accounts Receivable is just one metric. See GF Score™, valuation, warning signs, and more.
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Merafe Resources Accounts Receivable Calculation

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

Frequently Asked Questions Learn more about Accounts Receivable →
What does a Accounts Receivable of $88.0 Mil mean?
Merafe Resources (MERFF) has a Accounts Receivable of $88.0 Mil as of Jun. 2026. Accounts receivable is the amount a company expects to receive from credit-extending customers. View historical data on Merafe Resources and its competitors.
Is Merafe Resources' Accounts Receivable too high?
Merafe Resources' current Accounts Receivable is $88.0 Mil. Overall, Merafe Resources has a GF Score™ of 85/100, reflecting its overall financial health beyond just this single metric.
How does Merafe Resources' Accounts Receivable compare to competitors?
Merafe Resources' Accounts Receivable of $88.0 Mil can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Accounts Receivable for a Metals & Mining company?
A good Accounts Receivable depends on the Metals & Mining industry context. However, Accounts Receivable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Accounts Receivable mean?
A high Accounts Receivable can signal that a stock is expensive relative to its fundamentals. Accounts receivable is the amount a company expects to receive from credit-extending customers. View historical data on Merafe Resources and its competitors. Merafe Resources's current Accounts Receivable is $88.0 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Merafe Resources stock overvalued right now?
Merafe Resources (MERFF) has a current Accounts Receivable of $88.0 Mil. The stock's GF Value™ is $0.16, compared to a current price of $0.22 — trading 36.1% above its estimated fair value. The current Accounts Receivable is $88.0 Mil. Merafe Resources' overall GF Score™ is 85/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Accounts Receivable calculated?
Accounts Receivable is calculated from a company's financial statements. For Merafe Resources (MERFF), the current Accounts Receivable is $88.0 Mil as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Merafe Resources (MERFF) Overvalued in 2026?

Based on GuruFocus' analysis, Merafe Resources stock appears to be overvalued. The current stock price of $0.22 is trading 36.1% above its estimated GF Value™ of $0.16.

Key valuation signals for MERFF:

  • Accounts Receivable: $88.0 Mil
  • GF Value™: $0.16 vs. price of $0.22 (36.1% above fair value)
  • GF Score™: 85/100 with 7 warning signs

No single metric tells the full story. See the MERFF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Merafe Resources Business Description

Other Exchanges MRF:South AfricaRZT:Germany
Address 35 Ballyclare Drive, Building B, 2nd Floor, Ballyoaks Office Park, Bryanston, Johannesburg, GT, ZAF, 2191
Merafe Resources Ltd through its wholly-owned subsidiary, Merafe Ferrochrome and Mining Proprietary Limited, participates in chrome mining and the beneficiation of chrome ore into ferrochrome. The Glencore-Merafe Chrome Venture (Venture) operates five ferrochrome smelters, twenty-two ferrochrome furnaces, and nine mines, situated in the North-West, Limpopo, and Mpumalanga provinces of South Africa. The company has operating mines namel Marikana West; and Kroondal Gemini. The Group has one reportable segment being the mining and beneficiation of chrome ore into ferrochrome and associated minerals. Geographically, it has its presence in Africa, Americas, Asia, China, Indonesia, Other Asia, and Europe.
85GF Score

Get the complete analysis for MERFF

Accounts Receivable is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$0.22
Price
$0.16
GF Value