Miton UK MicroCap Trust (LSE:MINI) Accounts Receivable : £0.00 Mil (As of Oct. 2023)

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What is Miton UK MicroCap Trust Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Miton UK MicroCap Trust's accounts receivables for the quarter that ended in Oct. 2023 was £0.00 Mil.

Accounts receivable can be measured by Days Sales Outstanding.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Miton UK MicroCap Trust's Net-Net Working Capital per share for the quarter that ended in Oct. 2023 was £0.06.

Miton UK MicroCap Trust Accounts Receivable Historical Data

The historical data trend for Miton UK MicroCap Trust's Accounts Receivable 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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Miton UK MicroCap Trust Accounts Receivable Chart

Miton UK MicroCap Trust Annual Data

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Accounts Receivable

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Miton UK MicroCap Trust Semi-Annual Data
	Oct15	Oct16	Apr17	Oct17	Apr18	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23
Accounts Receivable	Get a 7-Day Free Trial											-	-	-	-	-

Miton UK MicroCap Trust Accounts Receivable Calculation

Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.

Miton UK MicroCap Trust Accounts Receivable 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 receivables are being managed.

Miton UK MicroCap Trust's Days Sales Outstanding for the quarter that ended in Oct. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0	/	-9.073	*	91
=

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Miton UK MicroCap Trust's accounts receivable are only considered to be worth 75% of book value:

Miton UK MicroCap Trust's Net-Net Working Capital Per Share for the quarter that ended in Oct. 2023 is calculated as:

	Net-Net Working Capital Per Share
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(5.945	+	0.75 * 0	+	0.5 * 0	-	0.16
-	0	-	0)	/	94.6386
=	0.06

Be Aware

Net receivables tells us a great deal about the different competitors in the same industry. In competitive industries, some attempt to gain advantage by offering better credit terms, causing increase in sales and receivables.

If company consistently shows lower % Net receivables to gross sales than competitors, then it usually has some kind of competitive advantage which requires further digging.

Average Days Sales Outstanding is a good indicator for measuring a company's sales channel and customers. A company may book great revenue and earnings growth but never receive payment from their customers. This may force a write-off in the future and depress future earnings.

Miton UK MicroCap Trust Accounts Receivable Related Terms

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Miton UK MicroCap Trust (LSE:MINI) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Miton UK MicroCap Trust PLC (LSE:MINI) » Definitions » Accounts Receivable

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Address

51 New North Road, Beaufort House, Exeter, GBR, EX4 4EP

Website

https://www.mitonukmicrocaptrust.com

Miton UK MicroCap Trust PLC is an investment trust company. It invests in a portfolio of UK-quoted companies to achieve capital growth by investing in a portfolio of stocks that are well placed to generate an attractive cash payback from productivity improvements. The company's only operating segment is the investment business. It invests in a sector such as Utilities, Consumer Services, Consumer Goods, Health Care, Basic Materials, Financial Services, Oil and Gas, Industrials, and Technology.