MGO Global (MGO Global) Change In Receivables : $-0.08 Mil (TTM As of Mar. 2024)

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What is MGO Global Change In Receivables?

MGO Global's change in receivables for the quarter that ended in Mar. 2024 was $-0.04 Mil. It means MGO Global's Accounts Receivable increased by $0.04 Mil from Dec. 2023 to Mar. 2024 .

MGO Global's change in receivables for the fiscal year that ended in Dec. 2023 was $0.04 Mil. It means MGO Global's Accounts Receivable declined by $0.04 Mil from Dec. 2022 to Dec. 2023 .

MGO Global's Accounts Receivable for the quarter that ended in Mar. 2024 was $0.06 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. MGO Global's Days Sales Outstanding for the three months ended in Mar. 2024 was 8.58.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. MGO Global's liquidation value for the three months ended in Mar. 2024 was $1.10 Mil.

MGO Global Change In Receivables Historical Data

The historical data trend for MGO Global'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.

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MGO Global Change In Receivables Chart

MGO Global Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Change In Receivables

-0.01

0.01

-0.10

0.04

MGO Global Quarterly Data
	Dec20	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Receivables	Get a 7-Day Free Trial							0.08	-0.15	0.12	-0.01	-0.04

MGO Global 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.08 Mil.

MGO Global (NAS:MGOL) 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.063	/	0.67	*	91
=	8.58

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

MGO Global's liquidation value for the quarter that ended in Mar. 2024 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	1.517	-	0.799	+	0.75 * 0.063	+	0.5 * 0.674
=	1.10

MGO Global Change In Receivables Related Terms

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MGO Global (MGO Global) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » MGO Global Inc (NAS:MGOL) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

N/A

Address

1515 SE 17th Street,, Suite 121/ No 460596, Fort Lauderdale, FL, USA, 33346

Website

https://www.mgoglobalinc.com

MGO Global Inc provides branding and marketing services to help clients build positive perceptions about their businesses. The company has one reportable segment which sells a range of products under the soccer legend Lionel (Leo) Messi brand Messi Brand.

Executives

Nicole M. Fernandez-mcgovern	director	C/O AGEAGLE AERIAL SYSTEMS INC., 8863 E. 34TH STREET NORTH, WICHITA KS 67226
Paul Wahlgren	director	1515 SE 17TH STREET, SUITE 121/#460236, FORT LAUDERDALE FL 33346
Obie Mckenzie	director	1515 SE 17TH STREET, SUITE 121/#460236, FORT LAUDERDALE FL 33346
Salima Popatia	director	1515 SE 17TH STREET, SUITE 121/#460236, FORT LAUDERDALE FL 33346
Vincent Ottomanelli	officer: CHIEF FINANCIAL OFFICER	1515 SE 17TH STREET, SUITE 121/#460236, FORT LAUDERDALE FL 33346
Martin P Scott	officer: CHIEF FINANCIAL OFFICER	SIMPLEPONS, INC., C/O 220 CONGRESS PARK DRIVE, SUITE 304, DELRAY BEACH FL 33445
Maximiliano Ojeda	director, officer: CHIEF EXECUTIVE OFFICER	1515 SE 17TH STREET, SUITE 121/#460236, FORT LAUDERDALE FL 33346
Virginia Hilfiger	director, officer: CHIEF DESIGN OFFICER	1515 SE 17TH STREET, SUITE 121/#460236, FORT LAUDERDALE FL 33346
Julian Groves	director, officer: CHIEF OPERATING OFFICER	1515 SE 17TH STREET, SUITE 121/#460236, FORT LAUDERDALE FL 33346
Matthew Harward	officer: CHIEF MARKETING OFFICER	1515 SE 17TH STREET, SUITE 121/#460236, FORT LAUDERDALE FL 33346