Marks & Spencer Group (LSE:MKS) Accounts Receivable : £302 Mil (As of Mar. 2024)

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What is Marks & Spencer Group Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Marks & Spencer Group's accounts receivables for the quarter that ended in Mar. 2024 was £302 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Marks & Spencer Group's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 7.98.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Marks & Spencer Group's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was £-2.06.

Marks & Spencer Group Accounts Receivable Historical Data

The historical data trend for Marks & Spencer Group'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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Marks & Spencer Group Accounts Receivable Chart

Marks & Spencer Group Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Accounts Receivable

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146.80

106.10

98.20

122.90

302.00

Marks & Spencer Group Semi-Annual Data
	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Accounts Receivable	Get a 7-Day Free Trial															98.20	295.50	122.90	313.00	302.00

Marks & Spencer Group Accounts Receivable Calculation

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

Marks & Spencer Group 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.

Marks & Spencer Group's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	302	/	6906.1	*	91
=	7.98

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Marks & Spencer Group's accounts receivable are only considered to be worth 75% of book value:

Marks & Spencer Group's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2024 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)
=	(1034.7	+	0.75 * 302	+	0.5 * 776.9	-	5852.1
-	0	-	-1.1)	/	2040.36
=	-2.06

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.

Marks & Spencer Group Accounts Receivable Related Terms

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Marks & Spencer Group (LSE:MKS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Marks & Spencer Group PLC (LSE:MKS) » Definitions » Accounts Receivable

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Traded in Other Exchanges

MAKSY:USA MAKSF:USA MKSl:UK MA6:Germany

Address

35 North Wharf Road, Waterside House, London, GBR, W2 1NW

Website

https://www.marksandspencer.com

M&S is a British multichannel retailer with stores across Europe, Asia, and the Middle East. The company sells into more than 60 countries from thousands of stores and several websites around the world and offers predominantly own-brand luxury food, clothing, and home products with the majority of sales coming from its U.K. operations. Marks & Spencer operates three business models—owned, franchise, and joint venture—in the U.K. and internationally. The online business globally is delivered through localized owned and franchised websites and partnerships. The food segment includes value products, convenient ready-made meals, and healthy items. The clothing and home division sells own-brand and high-quality womenswear, lingerie, menswear, kidswear, beauty, and home products.