Midland Capital Holdings (Midland Capital Holdings) Change In Receivables : $-0.09 Mil (TTM As of Jun. 2023)

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What is Midland Capital Holdings Change In Receivables?

Midland Capital Holdings's change in receivables for the quarter that ended in Jun. 2023 was $-0.09 Mil. It means Midland Capital Holdings's Accounts Receivable increased by $0.09 Mil from Jun. 2022 to Jun. 2023 .

Midland Capital Holdings's change in receivables for the fiscal year that ended in Jun. 2023 was $-0.09 Mil. It means Midland Capital Holdings's Accounts Receivable increased by $0.09 Mil from Jun. 2022 to Jun. 2023 .

Midland Capital Holdings's Accounts Receivable for the quarter that ended in Jun. 2023 was $0.29 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. Midland Capital Holdings's Days Sales Outstanding for the six months ended in Jun. 2023 was 16.20.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Midland Capital Holdings's liquidation value for the six months ended in Jun. 2023 was $-73.22 Mil.

Midland Capital Holdings Change In Receivables Historical Data

The historical data trend for Midland Capital Holdings'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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Midland Capital Holdings Change In Receivables Chart

Midland Capital Holdings Annual Data

Trend

Jun00

Jun01

Jun03

Jun04

Jun05

Jun06

Jun07

Jun22

Jun23

Change In Receivables

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0.17

-0.09

Midland Capital Holdings Semi-Annual Data
	Jun00	Jun01	Jun03	Jun04	Jun05	Jun06	Jun07	Jun22	Jun23
Change In Receivables	Get a 7-Day Free Trial				-	-	-	0.17	-0.09

Midland Capital Holdings 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.

For stock reported annually, GuruFocus uses latest annual data as the TTM data. Change In Receivables for the trailing twelve months (TTM) ended in Jun. 2023 was $-0.09 Mil.

Midland Capital Holdings (OTCPK:MCPH) 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.

Midland Capital Holdings's Days Sales Outstanding for the quarter that ended in Jun. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.289	/	3.256	*	91
=	16.20

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

Midland Capital Holdings's liquidation value for the quarter that ended in Jun. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	34.105	-	107.54	+	0.75 * 0.289	+	0.5 * 0
=	-73.22

Midland Capital Holdings Change In Receivables Related Terms

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Midland Capital Holdings (Midland Capital Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Midland Capital Holdings Corp (OTCPK:MCPH) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

N/A

Address

8929 South Harlem Avenue, Bridgeview, IL, USA, 60455

Website

https://www.midlandfederal.com

Midland Capital Holdings Corp is engaged in the business of attracting deposits from the general public and using such deposits to originate a residential mortgage and, to a lesser extent, consumer, multi-family, and other loans in its primary market area. The company also makes substantial investments in investment securities and money market mutual funds.

Executives

Richard Lloyd Taylor	director, officer: Vice President	13361 CALLAN DR., ORLAND PARK X1 60462
Algerd Brazis	director
Michael J Kukanza	director

Midland Capital Holdings (Midland Capital Holdings) Headlines

From GuruFocus

Midland Capital Holdings Corporation Reaches Definitive Agreement to Be Acquired by Investor Group

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