MTL Cannabis (STU:J4E) Accounts Receivable : €5.61 Mil (As of Sep. 2023)

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What is MTL Cannabis Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. MTL Cannabis's accounts receivables for the quarter that ended in Sep. 2023 was €5.61 Mil.

Accounts receivable can be measured by Days Sales Outstanding. MTL Cannabis's Days Sales Outstanding for the quarter that ended in Sep. 2023 was 38.92.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. MTL Cannabis's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was €-0.29.

MTL Cannabis Accounts Receivable Historical Data

The historical data trend for MTL Cannabis'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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MTL Cannabis Accounts Receivable Chart

MTL Cannabis Annual Data

Trend

Mar21

Mar22

Mar23

Accounts Receivable

1.17

5.15

4.77

MTL Cannabis Quarterly Data
	Mar21	Mar22	Jun22	Sep22	Mar23	Jun23	Sep23	Dec23
Accounts Receivable	Get a 7-Day Free Trial			-	4.77	6.55	5.61	-

MTL Cannabis Accounts Receivable Calculation

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

MTL Cannabis 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.

MTL Cannabis's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	5.613	/	13.161	*	91
=	38.92

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

MTL Cannabis's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2023 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)
=	(2.256	+	0.75 * 5.613	+	0.5 * 7.037	-	43.575
-	0	-	0)	/	116.998
=	-0.29

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.

MTL Cannabis Accounts Receivable Related Terms

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MTL Cannabis (STU:J4E) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Tobacco Products » MTL Cannabis Corp (STU:J4E) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

J4E:Germany MTLC:Canada

Address

1773 Bayly Street, Pickering, ON, CAN, L1W 2Y7

Website

https://www.mtlcannabis.ca

MTL Cannabis Corp is a flower-first company built for the modern street, MTL Cannabis uses proprietary hydroponic growing methodologies supported by handcrafted techniques to produce products that are truly crafted for the masses. The company focuses on craft quality cannabis products, including lines of dried flower, pre-rolls and hash marketed under the MTL Cannabis, Low Key by MTL and R'belle brands for the Canadian market through nine distribution arrangements with various provincial cannabis distributors. It has also developed a number of export channels for bulk and unbranded GACP quality cannabis.

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