Mitsubishi Electric (Mitsubishi Electric) Change In Receivables : $-111 Mil (TTM As of Dec. 2023)

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What is Mitsubishi Electric Change In Receivables?

Mitsubishi Electric's change in receivables for the quarter that ended in Dec. 2023 was $-32 Mil. It means Mitsubishi Electric's Accounts Receivable increased by $32 Mil from Sep. 2023 to Dec. 2023 .

Mitsubishi Electric's change in receivables for the fiscal year that ended in Mar. 2023 was $-669 Mil. It means Mitsubishi Electric's Accounts Receivable increased by $669 Mil from Mar. 2022 to Mar. 2023 .

Mitsubishi Electric's Accounts Receivable for the quarter that ended in Dec. 2023 was $5,944 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. Mitsubishi Electric's Days Sales Outstanding for the three months ended in Dec. 2023 was 62.78.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Mitsubishi Electric's liquidation value for the three months ended in Dec. 2023 was $-1,523 Mil.

Mitsubishi Electric Change In Receivables Historical Data

The historical data trend for Mitsubishi Electric'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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Mitsubishi Electric Change In Receivables Chart

Mitsubishi Electric Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Change In Receivables

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-366.91

-225.30

765.13

-164.15

-669.30

Mitsubishi Electric Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Change In Receivables	Get a 7-Day Free Trial															-383.89	-1,091.80	1,265.24	-251.80	-32.49

Mitsubishi Electric 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 quarterly data reported by the company within the most recent 12 months, which was $-111 Mil.

Mitsubishi Electric (OTCPK:MIELY) 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	5944.076	/	8639.547	*	91
=	62.78

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

Mitsubishi Electric'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)
=	5078.097	-	15707.143	+	0.75 * 5944.076	+	0.5 * 9295.611
=	-1,523

Mitsubishi Electric Change In Receivables Related Terms

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Mitsubishi Electric (Mitsubishi Electric) Business Description

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Traded in Other Exchanges

MIELF:USA 6503:Japan MIE1:Germany

Address

Tokyo Building, 2-7-3, Marunouchi, Chiyoda-ku, Tokyo, JPN, 100-8310

Website

https://www.mitsubishielectric.com

Mitsubishi Electric is a general electric diversified industrials company that develops, manufactures and sells electrical equipment worldwide. The company's core segments include: industrial automation systems, energy and electric systems, electric devices, information and communication systems, and home appliances (which includes commercial air conditioning). Mitsubishi Electric was founded in 1921 and is headquartered in Tokyo.