MGO Global (MGO Global) Accounts Receivable : $0.06 Mil (As of Mar. 2024)

View and export this data going back to 2023. Start your Free Trial

What is MGO Global Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. MGO Global's accounts receivables for the quarter that ended in Mar. 2024 was $0.06 Mil.

Accounts receivable can be measured by Days Sales Outstanding. MGO Global's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 8.58.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. MGO Global's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $0.09.

MGO Global Accounts Receivable Historical Data

The historical data trend for MGO Global'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.

MGO Global Accounts Receivable Chart

MGO Global Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

0.01

0.10

0.06

MGO Global Quarterly Data
	Dec20	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Accounts Receivable	Get a 7-Day Free Trial							0.02	0.17	0.06	0.06	0.06

MGO Global Accounts Receivable Calculation

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

MGO Global 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.

MGO Global's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.063	/	0.67	*	91
=	8.58

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

MGO Global'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)
=	(1.517	+	0.75 * 0.063	+	0.5 * 0.674	-	0.799
-	0	-	-0.361)	/	16.5404
=	0.09

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.

MGO Global Accounts Receivable Related Terms

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

MGO Global (MGO Global) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » MGO Global Inc (NAS:MGOL) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

1515 SE 17th Street,, Suite 121/ No 460596, Fort Lauderdale, FL, USA, 33346

Website

https://www.mgoglobalinc.com

MGO Global Inc provides branding and marketing services to help clients build positive perceptions about their businesses. The company has one reportable segment which sells a range of products under the soccer legend Lionel (Leo) Messi brand Messi Brand.

Executives

Nicole M. Fernandez-mcgovern	director	C/O AGEAGLE AERIAL SYSTEMS INC., 8863 E. 34TH STREET NORTH, WICHITA KS 67226
Paul Wahlgren	director	1515 SE 17TH STREET, SUITE 121/#460236, FORT LAUDERDALE FL 33346
Obie Mckenzie	director	1515 SE 17TH STREET, SUITE 121/#460236, FORT LAUDERDALE FL 33346
Salima Popatia	director	1515 SE 17TH STREET, SUITE 121/#460236, FORT LAUDERDALE FL 33346
Vincent Ottomanelli	officer: CHIEF FINANCIAL OFFICER	1515 SE 17TH STREET, SUITE 121/#460236, FORT LAUDERDALE FL 33346
Martin P Scott	officer: CHIEF FINANCIAL OFFICER	SIMPLEPONS, INC., C/O 220 CONGRESS PARK DRIVE, SUITE 304, DELRAY BEACH FL 33445
Maximiliano Ojeda	director, officer: CHIEF EXECUTIVE OFFICER	1515 SE 17TH STREET, SUITE 121/#460236, FORT LAUDERDALE FL 33346
Virginia Hilfiger	director, officer: CHIEF DESIGN OFFICER	1515 SE 17TH STREET, SUITE 121/#460236, FORT LAUDERDALE FL 33346
Julian Groves	director, officer: CHIEF OPERATING OFFICER	1515 SE 17TH STREET, SUITE 121/#460236, FORT LAUDERDALE FL 33346
Matthew Harward	officer: CHIEF MARKETING OFFICER	1515 SE 17TH STREET, SUITE 121/#460236, FORT LAUDERDALE FL 33346