Meridian AD (XBLB:MRDN-R-A) Accounts Receivable : BAM7.95 Mil (As of Dec. 2013)

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What is Meridian AD Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Meridian AD's accounts receivables for the quarter that ended in Dec. 2013 was BAM7.95 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Meridian AD's Days Sales Outstanding for the quarter that ended in Dec. 2013 was 364.27.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Meridian AD's Net-Net Working Capital per share for the quarter that ended in Dec. 2013 was BAM0.22.

Meridian AD Accounts Receivable Historical Data

The historical data trend for Meridian AD'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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Meridian AD Accounts Receivable Chart

Meridian AD Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Accounts Receivable

6.87

6.69

7.95

8.16

Meridian AD Semi-Annual Data
	Dec11	Jun12	Dec12	Jun13	Dec13	Dec14
Accounts Receivable	Get a 7-Day Free Trial			-	6.69	7.94	7.95	8.16

Meridian AD Accounts Receivable Calculation

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

Meridian AD 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.

Meridian AD's Days Sales Outstanding for the quarter that ended in Dec. 2013 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	7.946	/	3.981	*	91
=	364.27

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

Meridian AD's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2013 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)
=	(0.059	+	0.75 * 7.946	+	0.5 * 0.009	-	5.254
-	0	-	0)	/	3.434
=	0.22

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.

Meridian AD Accounts Receivable Related Terms

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Meridian AD (XBLB:MRDN-R-A) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Meridian AD (XBLB:MRDN-R-A) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Veselina Maslese 21/II, Banja Luka, BIH, 78000

Website

http://www.meridianbl.com

Meridian AD operates in integrated shipping and logistics industry in Bosnia and Herzegovina. The services offered by the company include organization of transport, collective transport, customs brokerage, storage of goods, and consulting.

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