Magnetic North Acquisition (TSXV:MNC) Change In Receivables : C$0.03 Mil (TTM As of Sep. 2023)

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What is Magnetic North Acquisition Change In Receivables?

Magnetic North Acquisition's change in receivables for the quarter that ended in Sep. 2023 was C$0.00 Mil. It means Magnetic North Acquisition's Accounts Receivable stayed the same from Jun. 2023 to Sep. 2023 .

Magnetic North Acquisition's change in receivables for the fiscal year that ended in Dec. 2022 was C$-0.01 Mil. It means Magnetic North Acquisition's Accounts Receivable increased by C$0.01 Mil from Dec. 2021 to Dec. 2022 .

Magnetic North Acquisition's Accounts Receivable for the quarter that ended in Sep. 2023 was C$0.00 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. Magnetic North Acquisition's Days Sales Outstanding for the three months ended in Sep. 2023 was 0.00.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Magnetic North Acquisition's liquidation value for the three months ended in Sep. 2023 was C$-18.82 Mil.

Magnetic North Acquisition Change In Receivables Historical Data

The historical data trend for Magnetic North Acquisition'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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Magnetic North Acquisition Change In Receivables Chart

Magnetic North Acquisition Annual Data

Trend

Sep13

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Dec21

Dec22

Change In Receivables

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-0.02

-0.22

0.12

-0.01

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
Change In Receivables	Get a 7-Day Free Trial															-	-	-	0.03	-

Magnetic North Acquisition 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 Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was C$0.03 Mil.

Magnetic North Acquisition (TSXV:MNC) 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.

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 liquidation value, Magnetic North Acquisition's accounts receivable are only considered to be worth 75% of book value:

Magnetic North Acquisition's liquidation value for the quarter that ended in Sep. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0.036	-	18.857	+	0.75 * 0	+	0.5 * 0
=	-18.82

Magnetic North Acquisition Change In Receivables Related Terms

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Magnetic North Acquisition (TSXV:MNC) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Magnetic North Acquisition Corp (TSXV:MNC) » Definitions » Change In Receivables

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BKBLF:USA MNC.PR.A.PFD:Canada

Address

1000, 250 - 2 Street SW, Calgary, AB, CAN, T2P 0C1

Website

https://www.magneticnac.com

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.

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