Major League Football (Major League Football) Accounts Receivable : $0.00 Mil (As of Jan. 2023)

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What is Major League Football Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Major League Football's accounts receivables for the quarter that ended in Jan. 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. Major League Football's Net-Net Working Capital per share for the quarter that ended in Jan. 2023 was $-0.01.

Major League Football Accounts Receivable Historical Data

The historical data trend for Major League Football'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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Major League Football Accounts Receivable Chart

Major League Football Annual Data

Trend

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Accounts Receivable

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Major League Football Quarterly Data
	Apr18	Jul18	Oct18	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23
Accounts Receivable	Get a 7-Day Free Trial															-	-	-	-	-

Major League Football Accounts Receivable Calculation

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

Major League Football 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.

Major League Football's Days Sales Outstanding for the quarter that ended in Jan. 2023 is calculated as:

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

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

Major League Football's Net-Net Working Capital Per Share for the quarter that ended in Jan. 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)
=	(0.006	+	0.75 * 0	+	0.5 * 0	-	11.989
-	0	-	0)	/	1213.33
=	-0.01

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.

Major League Football Accounts Receivable Related Terms

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Major League Football (Major League Football) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Major League Football Inc (OTCPK:MLFB) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

15515 Lemon Fish Drive, Lakewood Ranch, FL, USA, 34202

Website

http://www.mlfb.com

Major League Football Inc is a United States-based company engaged in the operation of a professional spring football league. It is seeking to establish, develop and operate Major League Football (MLFB) as a professional spring football league in the United States.

Executives

Richard E. Nichols	officer: Chief Operating Officer	22106 N LAS POSITAS DRIVE, SUN CITY WEST AZ 85375
Stephen Thomas Videtich	officer: VP Team Interface	6317 W. CEDAR HILL RD., WEST JORDAN UT 84081
Paul Mccarthy Michael	officer: SVP Football Operations	8349 COTTAGE ROAD P.O. BOX 65, BRANTINGHAM NY 13312
William George Lyons	officer: Chief Marketing Officer	178 LAKESHORE DRIVE, MOORESVILLE NC 28117
Kevin Dean Mclenithan	officer: VP Sales, Marketing and IR	12011 MOUNTBATTEN DR, TAMPA FL 33626
Gregory Francis Campbell	officer: Chief Financial Officer	511 ISLAND WAY, CLEARWATER FL 33767
John Joseph Coyne	director, officer: Executive Vice President	9822 NEW PARKE RD, TAMPA FL 33626
Britt Terrell Jennings	10 percent owner	917 FAIRWAY DRIVE, MONROE GA 30655
Francis J. Murtha	officer: Senior Executive Vice Pres	7319 RIVIERA COVE #7, LAKEWOOD RANCH FL 34202
Sully Ivory Ulysses Iii	officer: VP - Licensing	6609 LEAFWOOD DRIVE, ANAHEIM CA 92807
Chandler Wesley S. Ii	officer: President, Secretary	328 HEMLEB COURT, PINOLE CA 94564
Thomas Joseph Marino	director, officer: Exec. Chmn. of the Board	354 CADDO DRIVE, MADISONVILLE LA 70447
Richard Smith	officer: Chief Operating Officer	15 BROOKSIDE AVE., WESTPORT MA 02790
Elliot Bellen	10 percent owner	11985 SOUTHERN BOULEVARD, SUITE 191, ROYAL PALM BEACH FL 33411
New Bastion Development, Inc.	10 percent owner	125 SOUTH STATE ROAD 7, SUITE 104-275, WELLINGTON FL 33414