GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Morses Club PLC (OTCPK:MCLBF) » Definitions » Accounts Receivable

Morses Club (Morses Club) Accounts Receivable : $0.0 Mil (As of Aug. 2022)


View and export this data going back to 2022. Start your Free Trial

What is Morses Club Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Morses Club's accounts receivables for the quarter that ended in Aug. 2022 was $0.0 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Morses Club's Days Sales Outstanding for the quarter that ended in Aug. 2022 was 0.00.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Morses Club's Net-Net Working Capital per share for the quarter that ended in Aug. 2022 was $-0.49.


Morses Club Accounts Receivable Historical Data

The historical data trend for Morses Club'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.

* Premium members only.

Morses Club Accounts Receivable Chart

Morses Club Annual Data
Trend Feb14 Feb15 Feb16 Feb17 Feb18 Feb19 Feb20 Feb21 Feb22
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only - - - - -

Morses Club Semi-Annual Data
Feb14 Feb15 Aug15 Feb16 Aug16 Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22
Accounts Receivable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - - - -

Morses Club Accounts Receivable Calculation

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


Morses Club 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.

Morses Club's Days Sales Outstanding for the quarter that ended in Aug. 2022 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0/50.529*91
=0.00

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

Morses Club's Net-Net Working Capital Per Share for the quarter that ended in Aug. 2022 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)
=(9.513+0.75 * 0+0.5 * 0-75.571
-0-0)/134.432
=-0.49

* 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.


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.


Morses Club Accounts Receivable Related Terms

Thank you for viewing the detailed overview of Morses Club's Accounts Receivable provided by GuruFocus.com. Please click on the following links to see related term pages.


Morses Club (Morses Club) Business Description

Traded in Other Exchanges
N/A
Address
1 Colliers Way, Building 1, The Phoenix Centre, Nottingham, GBR, NG8 6AT
Morses Club PLC is a consumer finance company. It provides a range of loan products through a combination of traditional and online marketing channels. The group's segments comprise Home Collected Credit and Digital. The company offers small cash loans between and operates through a network of branches throughout the UK.

Morses Club (Morses Club) Headlines

No Headlines