Mega African Capital (XGHA:MAC) Change In Receivables : GHS0.54 Mil (TTM As of Dec. 2022)

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What is Mega African Capital Change In Receivables?

Mega African Capital's change in receivables for the quarter that ended in Dec. 2022 was GHS0.54 Mil. It means Mega African Capital's Accounts Receivable declined by GHS0.54 Mil from Dec. 2021 to Dec. 2022 .

Mega African Capital's change in receivables for the fiscal year that ended in Dec. 2022 was GHS0.54 Mil. It means Mega African Capital's Accounts Receivable declined by GHS0.54 Mil from Dec. 2021 to Dec. 2022 .

Mega African Capital's Accounts Receivable for the quarter that ended in Dec. 2022 was GHS0.21 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. Mega African Capital's Days Sales Outstanding for the six months ended in Dec. 2022 was 69.12.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Mega African Capital's liquidation value for the six months ended in Dec. 2022 was GHS-13.56 Mil.

Mega African Capital Change In Receivables Historical Data

The historical data trend for Mega African Capital'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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Mega African Capital Change In Receivables Chart

Mega African Capital Annual Data

Trend

Dec20

Dec21

Dec22

Change In Receivables

-0.09

0.01

0.54

Mega African Capital Semi-Annual Data
	Dec20	Dec21	Dec22
Change In Receivables	-0.09	0.01	0.54

Mega African Capital 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 Dec. 2022 was GHS0.54 Mil.

Mega African Capital (XGHA:MAC) 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.

Mega African Capital's Days Sales Outstanding for the quarter that ended in Dec. 2022 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.214	/	0.565	*	91
=	69.12

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

Mega African Capital's liquidation value for the quarter that ended in Dec. 2022 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	104.58	-	118.302	+	0.75 * 0.214	+	0.5 * 0
=	-13.56

Mega African Capital Change In Receivables Related Terms

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Mega African Capital Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Mega African Capital Ltd (XGHA:MAC) » Definitions » Change In Receivables

Traded in Other Exchanges

N/A

Address

Sunyani Avenue, The Alberts, 2nd Floor, No. 23 Kanda Estates, Kanda, Accra, GHA

Website

http://www.megafricancapital.com

Mega African Capital Ltd is an investment company. The company's objective is to seek exposure to the potential to generate high real returns. The company invests across three business lines namely, equity unlisted equity and real estate projects. The Company is authorized to undertake the Development, Purchase, Sales and Rental of Real Estates; Investment In Equities; Fixed Income Investments; and Any other Financial Services.