Mastermind (Mastermind) Accounts Receivable : $0.21 Mil (As of Mar. 2024)

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What is Mastermind Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Mastermind's accounts receivables for the quarter that ended in Mar. 2024 was $0.21 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Mastermind's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 24.14.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Mastermind's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $0.01.

Mastermind Accounts Receivable Historical Data

The historical data trend for Mastermind'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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Mastermind Accounts Receivable Chart

Mastermind Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Accounts Receivable

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0.42

0.75

1.26

0.35

0.68

Mastermind 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															0.66	0.86	0.68	0.25	0.21

Mastermind Accounts Receivable Calculation

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

Mastermind 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.213	/	0.805	*	91
=	24.14

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

Mastermind'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)
=	(0.761	+	0.75 * 0.213	+	0.5 * 0	-	0.42
-	0	-	0)	/	34.5055
=	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.

Mastermind Accounts Receivable Related Terms

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Mastermind (Mastermind) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Mastermind Inc (OTCPK:MMND) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

2221 Peachtree Road NE, Suite D-134, Atlanta, GA, USA, 30309

Website

https://www.mastermindmarketing.com

Mastermind Inc is an involvement marketing service agency that designs, creates, and develops branding and marketing campaigns for large corporate clients. This involvement is achieved through multi-dimensional marketing campaigns that employ social, digital, mobile, content, influencer marketing, gamification, and promotion to drive greater sales and ROI.

Executives

Ricardo Rios	officer: Senior Vice President	3706 PACES PARK CIRCLE, VININGS GA 30080
Michael P Gelfond	10 percent owner, officer: Executive Vice President	1129 N. HIGHLAND AVENUE, ATLANTA GA 30306
Mastermind Marketing, Inc.	10 percent owner	1450 W. PEACHTREE STREET NW, ATLANTA GA 30309
Daniel A Dodson	director, 10 percent owner, officer: Chief Executive Officer	1450 W. PEACHTREE STREET NW, ATLANTA GA 30309
Villanta Corp	10 percent owner	1129 N. HIGHLAND AVENUE, ATLANTA GA 30306
Henrik Rouf	10 percent owner	468 N. CAMDEN DR., SUITE 350, BEVERLY HILLS CA 90210
Henrik Oerbekker	10 percent owner	94, RUE DES AUBEPINES, L-1145, LUXEMBOURG N4 2449
Bennett J. Yankowitz	director, 10 percent owner, officer: President	P.O. BOX 5778, BEVERLY HILLS CA 90024
Allan Kronborg	director, 10 percent owner	NELLER?DVEJ 65, 3200 HELSINGE, HULLEBAEK G7 3050
Sj Corporate Finance Aps	10 percent owner	HVEDEVEJ 4, SMOERUM G7 2765
Robert K Bench	director, officer: President	355 S 520 W, SUITE 100, LINDON UT 84042
David Hunt	10 percent owner	66 EXCHANGE PL, STE 201, SALT LAKE CITY UT 84111
Bradly Matthew Bingham	director, officer: Chief Executive Officer	274 HYGEIA COURT, ENCINITAS CA 92024
Lee Joshua Eikov	director, officer: Chief Executive Officer	560 LAVERS CIRCLE #146, DELRAY BEACH FL 33344

Mastermind (Mastermind) Headlines

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