Monde Nissin (PHS:MONDE) Accounts Receivable : ₱6,541 Mil (As of Mar. 2024)

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What is Monde Nissin Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Monde Nissin's accounts receivables for the quarter that ended in Mar. 2024 was ₱6,541 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Monde Nissin's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 29.38.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Monde Nissin's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was ₱0.21.

Monde Nissin Accounts Receivable Historical Data

The historical data trend for Monde Nissin'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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Monde Nissin Accounts Receivable Chart

Monde Nissin Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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7,556.06

6,472.50

6,198.77

6,734.78

6,367.71

Monde Nissin Quarterly Data
	Dec18	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Accounts Receivable	Get a 7-Day Free Trial													6,838.42	6,569.60	7,064.01	6,367.71	6,540.66

Monde Nissin Accounts Receivable Calculation

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

Monde Nissin 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	6540.655	/	20311.442	*	91
=	29.38

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

Monde Nissin'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)
=	(15335.98	+	0.75 * 6540.655	+	0.5 * 9339.656	-	21114.03
-	0	-	112.765)	/	17968.6
=	0.21

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.

Monde Nissin Accounts Receivable Related Terms

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Monde Nissin (PHS:MONDE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Monde Nissin Corp (PHS:MONDE) » Definitions » Accounts Receivable

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MNDDF:USA

Address

Felix Reyes Street, Barangay Balibago, Sta Rosa, LAG, PHL, 4026

Website

https://mondenissin.com

Monde Nissin Corp is engaged in the food manufacturing industry in the Philippines. Its portfolio comprises Asia-Pacific Branded Food and Beverage (APAC BFB) Business and Meat Alternative Business. The APAC BFB Business consists of three product groups: instant noodles, biscuits, and other products (such as beverages, baked goods, and culinary aids). Its Meat Alternative Business sells its products globally under Quorn Foods and the Quorn brand. Geographically the company operates in the Philippines, Thailand, New Zealand, Singapore, and the United Kingdom.

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