Minim (MINM) Accounts Receivable : $0.02 Mil (As of Mar. 2024)

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What is Minim Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Minim's accounts receivables for the quarter that ended in Mar. 2024 was $0.02 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Minim's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 3.14.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Minim's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $-0.59.

Minim Accounts Receivable Historical Data

The historical data trend for Minim'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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Minim Accounts Receivable Chart

Minim Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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4.07

9.20

4.88

2.76

0.70

Minim Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Accounts Receivable	Get a 7-Day Free Trial															3.20	1.93	3.00	0.70	0.02

Minim Accounts Receivable Calculation

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

Minim 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.022	/	0.64	*	91
=	3.14

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

Minim'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)
=	(1.027	+	0.75 * 0.022	+	0.5 * 0	-	1.42
-	1.359	-	0)	/	2.9659
=	-0.59

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.

Minim Accounts Receivable Related Terms

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Minim (MINM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Minim Inc (NAS:MINM) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

3EM0:Germany

Address

848 Elm Street, Manchester, NH, USA, 03101

Website

https://www.minim.com

Minim Inc manufactures communications equipment. The company delivers smart software-driven communications products under the Motorola brand. Its hardware products include cable modems, cable modems/routers, mobile broadband modems, wireless routers, MoCA adapters, and mesh home networking devices. Geographically, it generates nearly all of its revenue from North America.

Executives

Elizabeth Cash Hitchcock	director, 10 percent owner	848 ELM STREET, 2ND FLOOR, MANCHESTER NH 03101
Jeremy P. Hitchcock	director, 10 percent owner	848 ELM STREET, 2ND FLOOR, MANCHESTER NH 03101
Andrew F. Papanicolau	director	848 ELM STREET, MANCHESTER NH 03101
Mehul A Patel	officer: Chief Financial Officer	3770 BLACKBURN COURT, CHALFONT PA 18914
Dustin Tacker	officer: Interim Chief Acctng. Officer	224 ATLANTIC ST, GLOUCESTER MA 01930
Daniel A Artusi	director	5966 LA PLACE COURT, SUITE 100, CARLSBAD CA 92008
Hitchcock Elizabeth Sarah Cash	director, 10 percent owner	101 ARCH STREET, BOSTON MA 02110
Sandra Kaye Howe	director	101 ARCH STREET, BOSTON MA 02110
David Bradley Aronoff	director	101 ARCH STREET, BOSTON MA 02110
Graham James Chynoweth	director, officer: Chief Executive Officer	101 ARCH STREET, BOSTON MA 02110
Joshua Horowitz	director	72-38 113TH STREET, APARTMENT 3L, FOREST HILLS NY 11375
Sean Patrick Doherty	officer: Chief Financial Officer	101 ARCH STREET, BOSTON MA 02110
Nicole Elisabeth Zheng	officer: President & CMO	101 ARCH STREET, BOSTON MA 02110
John Lauten	officer: Chief Operating Officer	848 ELM STREET, MANCHESTER NH 03101
Terry Manning	officer: VP of Sales & Marketing