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Mainstreet Equity (TSX:MEQ) Change In Receivables : C$0.6 Mil (TTM As of Mar. 2024)


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What is Mainstreet Equity Change In Receivables?

Mainstreet Equity's change in receivables for the quarter that ended in Mar. 2024 was C$0.0 Mil. It means Mainstreet Equity's Accounts Receivable declined by C$0.0 Mil from Dec. 2023 to Mar. 2024 .

Mainstreet Equity's change in receivables for the fiscal year that ended in Sep. 2023 was C$-0.1 Mil. It means Mainstreet Equity's Accounts Receivable increased by C$0.1 Mil from Sep. 2022 to Sep. 2023 .

Mainstreet Equity's Accounts Receivable for the quarter that ended in Mar. 2024 was C$2.1 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. Mainstreet Equity's Days Sales Outstanding for the three months ended in Mar. 2024 was 3.08.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Mainstreet Equity's liquidation value for the three months ended in Mar. 2024 was C$-1,827.2 Mil.

Mainstreet Equity Change In Receivables Historical Data

The historical data trend for Mainstreet Equity'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.

* Premium members only.

Mainstreet Equity Change In Receivables Chart

Mainstreet Equity Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Change In Receivables
Get a 7-Day Free Trial Premium Member Only Premium Member Only -1.05 0.57 0.11 -0.35 -0.09

Mainstreet Equity 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 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 -1.09 0.51 0.37 -0.34 0.03

Mainstreet Equity 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 C$0.6 Mil.

* 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.

Mainstreet Equity  (TSX:MEQ) 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.

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

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=2.062/61.098*91
=3.08

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

Mainstreet Equity'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)
=164.565-1999.505+0.75 * 2.062+0.5 * 12.329
=-1,827.2

* 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.

Mainstreet Equity Change In Receivables Related Terms

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Mainstreet Equity (TSX:MEQ) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Mainstreet Equity Corp (TSX:MEQ) » Definitions » Change In Receivables
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Traded in Other Exchanges
MEQYF:USA
Address
10th Avenue SE, Suite 305, Calgary, AB, CAN, T2G 0W2
Website
https://www.mainst.biz
Mainstreet Equity Corp is a residential real estate company. It is focused on the acquisition, redevelopment, repositioning, and management of mid-market rental apartment buildings. The business specializes in multi-family residential housing operating in a single segment. Geographically it operates in Canadian provinces including British Columbia, Alberta, Saskatchewan and Manitoba. The company generates revenue from rental income and others.
Executives
Richard Grimaldi Director

Mainstreet Equity (TSX:MEQ) Headlines

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