Meikles (LSE:MIK) Change In Receivables : $-14 Mil (TTM As of Aug. 2023)

View and export this data going back to 1943. Start your Free Trial

What is Meikles Change In Receivables?

Meikles's change in receivables for the quarter that ended in Aug. 2023 was $-14 Mil. It means Meikles's Accounts Receivable increased by $14 Mil from Sep. 2022 to Aug. 2023 .

Meikles's change in receivables for the fiscal year that ended in Mar. 2021 was $11 Mil. It means Meikles's Accounts Receivable declined by $11 Mil from Mar. 2020 to Mar. 2021 .

Meikles's Accounts Receivable for the quarter that ended in Aug. 2023 was $9 Mil.

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 Receivable are being managed. Meikles's Days Sales Outstanding for the six months ended in Aug. 2023 was 0.58.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Meikles's liquidation value for the six months ended in Aug. 2023 was $-141 Mil.

Meikles Change In Receivables Historical Data

The historical data trend for Meikles's Change In Receivables 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.

* Premium members only.

Meikles Change In Receivables Chart

Meikles Annual Data

Trend

Dec08

Dec09

Mar11

Mar12

Mar19

Mar20

Mar21

Change In Receivables

Get a 7-Day Free Trial

-80.71

-3.66

-0.20

-2.59

10.73

Meikles Semi-Annual Data
	Dec09	Mar11	Mar12	Sep12	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Aug23
Change In Receivables	Get a 7-Day Free Trial									11.71	3.17	5.51	-0.53	-13.64

Meikles Change In Receivables Calculation

Change In Accounts Receivable relative to the previous period. It is any increase or decrease in the cash a company is owed by its customers.

Change In Receivables for the trailing twelve months (TTM) ended in Aug. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was $-14 Mil.

Meikles (LSE:MIK) Change In Receivables 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 Receivable are being managed.

Meikles's Days Sales Outstanding for the quarter that ended in Aug. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	8.551	/	2701.37	*	91
=	0.58

2. In Ben Graham's calculation of liquidation value, Meikles's accounts receivable are only considered to be worth 75% of book value:

Meikles's liquidation value for the quarter that ended in Aug. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	359.487	-	718.555	+	0.75 * 8.551	+	0.5 * 423.873
=	-141

Meikles Change In Receivables Related Terms

Thank you for viewing the detailed overview of Meikles's Change In Receivables provided by GuruFocus.com. Please click on the following links to see related term pages.

Meikles (LSE:MIK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Meikles Ltd (LSE:MIK) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

MEIK.ZW:Zimbabwe

Address

4 Steppes Road, Highlands, Harare, ZWE

Website

https://www.meiklesltd.com

Meikles Ltd is a Zimbabwe-based investment holding company. Its business segments include Supermarkets, Hotels, properties, and security guard operations. It is organized into two geographical segments, Zimbabwe, and non-Zimbabwe. The majority of its revenue is generated from the Supermarkets segment within Zimbabwe.