Movement Industries (Movement Industries) Accounts Receivable : $0.64 Mil (As of Jun. 2023)

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What is Movement Industries Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Movement Industries's accounts receivables for the quarter that ended in Jun. 2023 was $0.64 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Movement Industries's Days Sales Outstanding for the quarter that ended in Jun. 2023 was 133.51.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Movement Industries's Net-Net Working Capital per share for the quarter that ended in Jun. 2023 was $-0.01.

Movement Industries Accounts Receivable Historical Data

The historical data trend for Movement Industries'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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Movement Industries Accounts Receivable Chart

Movement Industries Annual Data

Trend

Jun22

Jun23

Accounts Receivable

0.57

0.64

Movement Industries Semi-Annual Data
	Jun22	Jun23
Accounts Receivable	0.57	0.64

Movement Industries Accounts Receivable Calculation

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

Movement Industries 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.

Movement Industries's Days Sales Outstanding for the quarter that ended in Jun. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.635	/	0.868	*	91
=	133.51

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

Movement Industries's Net-Net Working Capital Per Share for the quarter that ended in Jun. 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)
=	(0.004	+	0.75 * 0.635	+	0.5 * 0.096	-	2.369
-	0.001	-	0)	/	325.845
=	-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.

Movement Industries Accounts Receivable Related Terms

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Movement Industries (Movement Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Movement Industries Corp (OTCPK:MVNT) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

6829 Flintlock Road, Houston, TX, USA, 77040

Website

https://www.mvmnt.in

Movement Industries Corp is engaged in investments in emerging growth companies in the energy, oil and gas, and industrial manufacturing sectors. The company also offers its services to utilities, technology, agriculture, and medical industries. It provides valves, actuators, pumps, tanks, and wellhead control panels, CNC Machining, Waterjet, Plasma, Laser Cutting, Welding and Fabrication, control systems, and communication systems among its many products and services. The company operates in North America, South America and is expanding globally with new ventures into Africa and market studies into the European and Asian markets.