Mandatum (OHEL:MANTA) Accounts Receivable : €0.0 Mil (As of Mar. 2024)

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What is Mandatum Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Mandatum's accounts receivables for the quarter that ended in Mar. 2024 was €0.0 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Mandatum's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 0.00.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Mandatum's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was €-28.78.

Mandatum Accounts Receivable Historical Data

The historical data trend for Mandatum'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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Mandatum Accounts Receivable Chart

Mandatum Annual Data

Trend

Dec21

Dec22

Dec23

Accounts Receivable

2.90

1.60

Mandatum Quarterly Data
	Dec22	Mar23	Dec23	Mar24
Accounts Receivable	2.90	-	1.60	-

Mandatum Accounts Receivable Calculation

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

Mandatum 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.

Mandatum's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0	/	408.3	*	91
=	0.00

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

Mandatum's Net-Net Working Capital Per Share for the quarter that ended in Mar. 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)
=	(840.8	+	0.75 * 0	+	0.5 * 0	-	15284.4
-	0	-	-0.4)	/	501.797
=	-28.78

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.

Mandatum Accounts Receivable Related Terms

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Mandatum (OHEL:MANTA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Mandatum PLC (OHEL:MANTA) » Definitions » Accounts Receivable

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Traded in Other Exchanges

MANDF:USA 0MAN:UK N2S:Germany

Address

Bulevardi 56, Helsinki, FIN, 00120

Website

Mandatum PLC is a financial services provider offering a wide array of services covering asset and wealth management, savings and investment, compensation and rewards, complimentary pension plans and personal risk insurance to corporates, retail customers as well as institutional and wealth management customers. Mandatum serves a network of 20,000 Finnish corporates through its highly skilled sales force and customer relationship personnel, which gives opportunity to cross sell products from its broad offering.

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