Millenniumpthorne Hotels (Millenniumpthorne Hotels) Accounts Receivable : $133 Mil (As of Jun. 2019)

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What is Millenniumpthorne Hotels Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Millenniumpthorne Hotels's accounts receivables for the quarter that ended in Jun. 2019 was $133 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Millenniumpthorne Hotels's Days Sales Outstanding for the quarter that ended in Jun. 2019 was 37.28.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Millenniumpthorne Hotels's Net-Net Working Capital per share for the quarter that ended in Jun. 2019 was $-7.01.

Millenniumpthorne Hotels Accounts Receivable Historical Data

The historical data trend for Millenniumpthorne Hotels'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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Millenniumpthorne Hotels Accounts Receivable Chart

Millenniumpthorne Hotels Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Accounts Receivable

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78.25

52.40

48.69

54.96

58.23

Millenniumpthorne Hotels Quarterly Data
	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19
Accounts Receivable	Get a 7-Day Free Trial															135.64	145.10	58.23	127.80	133.08

Millenniumpthorne Hotels Accounts Receivable Calculation

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

Millenniumpthorne Hotels 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.

Millenniumpthorne Hotels's Days Sales Outstanding for the quarter that ended in Jun. 2019 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	133.08	/	325.729	*	91
=	37.28

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

Millenniumpthorne Hotels's Net-Net Working Capital Per Share for the quarter that ended in Jun. 2019 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)
=	(434.728	+	0.75 * 133.08	+	0.5 * 157.161	-	2148.289
-	0	-	741.445)	/	324.736
=	-7.01

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.

Millenniumpthorne Hotels Accounts Receivable Related Terms

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Millenniumpthorne Hotels (Millenniumpthorne Hotels) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Millennium & Copthorne Hotels PLC (OTCPK:MLCTF) » Definitions » Accounts Receivable

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Traded in Other Exchanges

N/A

Address

Scarsdale Place, Kensington, London, GBR, W8 5SR

Website

http://www.millenniumhotels.com

Millennium & Copthorne Hotels PLC is a hotel owner and operator. The company principally operates hotels in properties that it either owns or leases. Millennium & Copthorne operate several hotel brands under three collections: Leng's Collection, which includes brands such as The Bailey's Hotel London, Grand Hotel Palace Rome, and M Hotels; Millennium Collection, which includes Millennium-branded hotels; and Copthorne Collection, which includes Copthorne and Kingsgate-branded hotels. With global operations, the company derives revenue from several countries, with the United States, United Kingdom, and Singapore the most significant.

Millenniumpthorne Hotels (Millenniumpthorne Hotels) Headlines

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