Mag Mile Capital (Mag Mile Capital) Accounts Receivable : $0.00 Mil (As of Mar. 2024)

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What is Mag Mile Capital Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Mag Mile Capital's accounts receivables for the quarter that ended in Mar. 2024 was $0.00 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Mag Mile Capital's Days Sales Outstanding for the quarter that ended in Mar. 2024 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. Mag Mile Capital's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $-0.01.

Mag Mile Capital Accounts Receivable Historical Data

The historical data trend for Mag Mile Capital'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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Mag Mile Capital Accounts Receivable Chart

Mag Mile Capital Annual Data

Trend

Jul21

Jul22

Dec23

Accounts Receivable

Mag Mile Capital Quarterly Data
	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Dec23	Mar24
Accounts Receivable	Get a 7-Day Free Trial						-	0.27	0.37	-	-

Mag Mile Capital Accounts Receivable Calculation

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

Mag Mile Capital 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.

Mag Mile Capital'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	/	0.533	*	91
=	0.00

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

Mag Mile Capital'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)
=	(0.009	+	0.75 * 0	+	0.5 * 0	-	0.681
-	0	-	0)	/	100.056
=	-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.

Mag Mile Capital Accounts Receivable Related Terms

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Mag Mile Capital (Mag Mile Capital) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Mag Mile Capital Inc (OTCPK:MMCP) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

7950 W. Sunset Boulevard, Suite 629, Los Angeles, CA, USA, 90046

Website

https://www.magmilecapital.com

Mag Mile Capital Inc is a full-service commercial real estate mortgage banking firm. Mag Mile Capital is a national platform comprised of capital markets experience in real estate bridge financing, mezzanine, and permanent debt placement and equity arrangements throughout the full capital stack and across all major real estate asset classes, including hotels, multifamily, office, retail, industrial, healthcare, self-storage and special purpose properties, offering access to structured debt and equity advisory solutions and placement for real estate investors, developers, and entrepreneurs, It leverages a wide variety of lending relationships and equity capital connections as a leading national real estate mortgage intermediary.

Mag Mile Capital (Mag Mile Capital) Headlines

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