Mincon Group (LSE:MCON) Change In Receivables : £1.5 Mil (TTM As of Dec. 2023)

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What is Mincon Group Change In Receivables?

Mincon Group's change in receivables for the quarter that ended in Dec. 2023 was £7.7 Mil. It means Mincon Group's Accounts Receivable declined by £7.7 Mil from Jun. 2023 to Dec. 2023 .

Mincon Group's change in receivables for the fiscal year that ended in Dec. 2023 was £1.5 Mil. It means Mincon Group's Accounts Receivable declined by £1.5 Mil from Dec. 2022 to Dec. 2023 .

Mincon Group's Accounts Receivable for the quarter that ended in Dec. 2023 was £18.6 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. Mincon Group's Days Sales Outstanding for the six months ended in Dec. 2023 was 51.67.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Mincon Group's liquidation value for the six months ended in Dec. 2023 was £5.4 Mil.

Mincon Group Change In Receivables Historical Data

The historical data trend for Mincon Group'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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Mincon Group Change In Receivables Chart

Mincon Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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0.88

0.83

-2.29

1.18

1.46

Mincon Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Change In Receivables	Get a 7-Day Free Trial															-1.28	-2.92	4.13	-6.24	7.72

Mincon Group 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 Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was £1.5 Mil.

Mincon Group (LSE:MCON) 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.

Mincon Group's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	18.622	/	65.772	*	91
=	51.67

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

Mincon Group's liquidation value for the quarter that ended in Dec. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	17.645	-	56.209	+	0.75 * 18.622	+	0.5 * 60.073
=	5.4

Mincon Group Change In Receivables Related Terms

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Mincon Group (LSE:MCON) Business Description

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MIO:Ireland MIO:Germany

Address

Smithstown Industrial Estate, County Clare, Shannon, IRL

Website

https://www.mincon.com

Mincon Group PLC is an Irish engineering company. The company is engaged in the designing, manufacturing, selling and servicing of rock drilling tools and associated products. It provides after sales support and service to customers through its network of sales and distribution companies in international markets. Most of the revenue is derived from the sale of drilling equipment and other products that are manufactured by its manufacturing sites. Geographically, it derives maximum revenue from Europe, Middle East, Africa and has a presence in Ireland, America, and Australasia.

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