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Magnetic North Acquisition (TSXV:MNC) Accounts Receivable : C$0.00 Mil (As of Sep. 2023)


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What is Magnetic North Acquisition Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Magnetic North Acquisition's accounts receivables for the quarter that ended in Sep. 2023 was C$0.00 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Magnetic North Acquisition's Days Sales Outstanding for the quarter that ended in Sep. 2023 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. Magnetic North Acquisition's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was C$-0.32.


Magnetic North Acquisition Accounts Receivable Historical Data

The historical data trend for Magnetic North Acquisition'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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Magnetic North Acquisition Accounts Receivable Chart

Magnetic North Acquisition Annual Data
Trend Sep13 Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Dec21 Dec22
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - 0.09 - -

Magnetic North Acquisition Quarterly Data
Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
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 0.03 - 0.03 - -

Magnetic North Acquisition Accounts Receivable Calculation

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


Magnetic North Acquisition 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.

Magnetic North Acquisition's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0/0.06*91
=0.00

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

Magnetic North Acquisition'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)
=(0.036+0.75 * 0+0.5 * 0-18.857
-0-0)/59.0972
=-0.32

* 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.


Magnetic North Acquisition Accounts Receivable Related Terms

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Magnetic North Acquisition (TSXV:MNC) Business Description

Traded in Other Exchanges
Address
1000, 250 - 2 Street SW, Calgary, AB, CAN, T2P 0C1
Magnetic North Acquisition Corp operates as a merchant bank providing capital, management and board representation to small to mid-capitalization private companies. Its industry focus for investments include clean power technology, special situations, and consumer products, oilfield services, manufacturing and technology inclusive of software and hardware. The company is focused on creating shareholder value by providing strategic and financial advice and services to companies.

Magnetic North Acquisition (TSXV:MNC) Headlines

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