Mips AB (FRA:7M1) Change In Receivables : €0.32 Mil (TTM As of Mar. 2024)

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What is Mips AB Change In Receivables?

Mips AB's change in receivables for the quarter that ended in Mar. 2024 was €-1.24 Mil. It means Mips AB's Accounts Receivable increased by €1.24 Mil from Dec. 2023 to Mar. 2024 .

Mips AB's change in receivables for the fiscal year that ended in Dec. 2023 was €0.98 Mil. It means Mips AB's Accounts Receivable declined by €0.98 Mil from Dec. 2022 to Dec. 2023 .

Mips AB's Accounts Receivable for the quarter that ended in Mar. 2024 was €9.37 Mil.

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 Receivable are being managed. Mips AB's Days Sales Outstanding for the three months ended in Mar. 2024 was 117.96.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Mips AB's liquidation value for the three months ended in Mar. 2024 was €35.52 Mil.

Mips AB Change In Receivables Historical Data

The historical data trend for Mips AB's Change In Receivables 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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Mips AB Change In Receivables Chart

Mips AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-3.05

-6.19

-5.65

9.10

0.98

Mips AB Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Receivables	Get a 7-Day Free Trial															-0.62	-0.26	1.10	0.72	-1.24

Mips AB Change In Receivables Calculation

Change In Accounts Receivable relative to the previous period. It is any increase or decrease in the cash a company is owed by its customers.

Change In Receivables for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €0.32 Mil.

Mips AB (FRA:7M1) Change In Receivables 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 Receivable are being managed.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	9.367	/	7.246	*	91
=	117.96

2. In Ben Graham's calculation of liquidation value, Mips AB's accounts receivable are only considered to be worth 75% of book value:

Mips AB's liquidation value for the quarter that ended in Mar. 2024 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	35.346	-	7.069	+	0.75 * 9.367	+	0.5 * 0.442
=	35.52

Mips AB Change In Receivables Related Terms

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Mips AB (FRA:7M1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Mips AB (FRA:7M1) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

MIPS:Sweden MIPSs:UK 0RNQ:UK 7M1:Germany

Address

Kemistvagen 1B, Taby, Stockholm, SWE, SE-183 79

Website

https://www.mipscorp.com

MIPS AB manufactures and sells helmet-based safety and brain protection products in Sweden. The company sells MIPS Brain Protection System for helmet solutions in the consumer market such as bicycles, winter sports, motorcycles, horse riding, team sports, and others; and in commercial markets such as military, police, and rescue services.

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