Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Mirion Technologies's accounts receivables for the quarter that ended in Sep. 2024 was $148.6 Mil.
Accounts receivable can be measured by Days Sales Outstanding.
Mirion Technologies's Days Sales Outstanding for the quarter that ended in Sep. 2024 was 65.57.
In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Mirion Technologies's Net-Net Working Capital per share for the quarter that ended in Sep. 2024 was $-3.48.
Mirion Technologies Accounts Receivable Historical Data
The historical data trend for Mirion Technologies'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.
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.
Mirion Technologies's Days Sales Outstanding for the quarter that ended in Sep. 2024 is calculated as:
2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Mirion Technologies's accounts receivable are only considered to be worth 75% of book value:
Mirion Technologies's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2024 is calculated as:
* 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.
Mirion Technologies Accounts Receivable Related Terms
Thank you for viewing the detailed overview of Mirion Technologies's Accounts Receivable provided by GuruFocus.com. Please click on the following links to see related term pages.
Mirion Technologies Inc provides products, services, and software that allows customers to safely leverage the power of ionizing radiation for the greater good of humanity through critical applications in the medical, nuclear, defense markets, as well as laboratories, scientific research, analysis and exploration. The Company manages its operations through two segments: Medical and Technologies. The Medical segment provides radiation oncology quality assurance, delivering patient safety solutions for diagnostic imaging and radiation therapy centers. The Technologies segment is based around the nuclear energy, defense, laboratories, and scientific research markets as well as other industrial markets. It derives maximum revenue from Technologies Segment.
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