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MNTHY (Minth Group) Accounts Receivable : $680 Mil (As of Jun. 2024)


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What is Minth Group Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Minth Group's accounts receivables for the quarter that ended in Jun. 2024 was $680 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Minth Group's Days Sales Outstanding for the quarter that ended in Jun. 2024 was 81.20.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Minth Group's Net-Net Working Capital per share for the quarter that ended in Jun. 2024 was $-17.63.


Minth Group Accounts Receivable Historical Data

The historical data trend for Minth 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.

* Premium members only.

Minth Group Accounts Receivable Chart

Minth Group Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 475.07 505.01 805.37 665.96 663.85

Minth Group Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
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 536.13 665.96 660.04 663.85 680.20

Minth Group Accounts Receivable Calculation

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


Minth 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.

Minth Group's Days Sales Outstanding for the quarter that ended in Jun. 2024 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=680.197/1528.721*91
=81.20

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

Minth Group's Net-Net Working Capital Per Share for the quarter that ended in Jun. 2024 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)
=(830.55+0.75 * 680.197+0.5 * 574.88-2538.998
-0-111.702)/57.989
=-17.63

* 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.


Minth Group Accounts Receivable Related Terms

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Minth Group Business Description

Traded in Other Exchanges
Address
No. 1 Yazhong Road, Nanhu District, Zhejiang Province, Jiaxing, CHN, 314006
Minth Group Ltd is an investment holding company with its subsidiaries engaged in the design, manufacturing, processing, developing, and sales of automobile body parts and moulds for passenger cars. It operates in five segments: Aluminium, Plastic, Battery housing, Metal & Trim, and Others. Some of its products consist of trims, decorative parts, body-structural parts, seat frame systems, roof racks, and others. Its geographical operations are located in the PRC, the United States of America (the USA), Japan, Thailand, Germany, Serbia, Mexico, the United Kingdom, the Republic of Korea, France, Czech, Canada, and Poland. Geographically the company generates the majority of its revenue from PRC.

Minth Group Headlines

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