MNG Havayollari ve Tasimacilik AS (MNG Havayollari ve Tasimacilik AS) Accounts Receivable : $19.58 Mil (As of Dec. 2022)

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What is MNG Havayollari ve Tasimacilik AS Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. MNG Havayollari ve Tasimacilik AS's accounts receivables for the quarter that ended in Dec. 2022 was $19.58 Mil.

Accounts receivable can be measured by Days Sales Outstanding. MNG Havayollari ve Tasimacilik AS's Days Sales Outstanding for the quarter that ended in Dec. 2022 was 16.90.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. MNG Havayollari ve Tasimacilik AS's Net-Net Working Capital per share for the quarter that ended in Dec. 2022 was $-1.76.

MNG Havayollari ve Tasimacilik AS Accounts Receivable Historical Data

The historical data trend for MNG Havayollari ve Tasimacilik AS'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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MNG Havayollari ve Tasimacilik AS Accounts Receivable Chart

MNG Havayollari ve Tasimacilik AS Annual Data

Trend

Dec20

Dec21

Dec22

Accounts Receivable

17.39

26.58

19.58

MNG Havayollari ve Tasimacilik AS Quarterly Data
	Dec20	Sep21	Dec21	Sep22	Dec22
Accounts Receivable	17.39	-	26.58	17.48	19.58

MNG Havayollari ve Tasimacilik AS Accounts Receivable Calculation

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

MNG Havayollari ve Tasimacilik AS 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.

MNG Havayollari ve Tasimacilik AS's Days Sales Outstanding for the quarter that ended in Dec. 2022 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	19.581	/	105.729	*	91
=	16.90

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

MNG Havayollari ve Tasimacilik AS's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2022 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)
=	(24.973	+	0.75 * 19.581	+	0.5 * 4.464	-	154.696
-	0	-	0)	/	63.930
=	-1.76

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.

MNG Havayollari ve Tasimacilik AS Accounts Receivable Related Terms

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MNG Havayollari ve Tasimacilik AS (MNG Havayollari ve Tasimacilik AS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » MNG Havayollari ve Tasimacilik AS (NYSE:MNGA) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

WOW Convention Center ?DTM, Yesilkoy/Bakirkoy, Istanbul, TUR, 34149

Website

https://www.mngairlines.com

MNG Havayollari ve Tasimacilik AS is an independent logistics provider mainly in the EMEA region and a global e-commerce enabler. Its service offerings include scheduled and block space, charter, ACMI, special cargo, warehouse, handling and technical services. MNG's diversified business model provides MNG with a competitive advantage in the air cargo market, as it gives MNG the opportunity to provide customized services to its customers in accordance with needs and expectations. The company recognizes revenue for its global multimodal operations based on the origin of transported cargo carried on each flight.

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