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Mirriad Advertising (Mirriad Advertising) Change In Receivables : $-0.20 Mil (TTM As of Jun. 2023)


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What is Mirriad Advertising Change In Receivables?

Mirriad Advertising's change in receivables for the quarter that ended in Jun. 2023 was $0.90 Mil. It means Mirriad Advertising's Accounts Receivable declined by $0.90 Mil from Dec. 2022 to Jun. 2023 .

Mirriad Advertising's change in receivables for the fiscal year that ended in Dec. 2022 was $-0.41 Mil. It means Mirriad Advertising's Accounts Receivable increased by $0.41 Mil from Dec. 2021 to Dec. 2022 .

Mirriad Advertising's Accounts Receivable for the quarter that ended in Jun. 2023 was $1.91 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. Mirriad Advertising's Days Sales Outstanding for the six months ended in Jun. 2023 was 466.39.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Mirriad Advertising's liquidation value for the six months ended in Jun. 2023 was $10.73 Mil.

Mirriad Advertising Change In Receivables Historical Data

The historical data trend for Mirriad Advertising'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.

Mirriad Advertising Change In Receivables Chart

Mirriad Advertising Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Change In Receivables
Get a 7-Day Free Trial 0.14 -0.13 -0.59 -0.50 -0.41

Mirriad Advertising Semi-Annual Data
Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23
Change In Receivables Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.37 -0.15 0.69 -1.10 0.90

Mirriad Advertising 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 Jun. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was $-0.20 Mil.

* 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.

Mirriad Advertising  (OTCPK:MMDDF) 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.

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

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=1.909/0.747*91
=466.39

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

Mirriad Advertising's liquidation value for the quarter that ended in Jun. 2023 is calculated as:

Liquidation Value
=Cash, Cash Equivalents, Marketable Securities-Total Liabilities+(0.75 * Accounts Receivable)+(0.5 * Total Inventories)
=12.362-3.064+0.75 * 1.909+0.5 * 0
=10.73

* 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.

Mirriad Advertising Change In Receivables Related Terms

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Mirriad Advertising (Mirriad Advertising) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Mirriad Advertising PLC (OTCPK:MMDDF) » Definitions » Change In Receivables
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Traded in Other Exchanges
MIRI:UK 8WQ:Germany
Address
One London Wall, 6th Floor, London, GBR, EC2Y 5EB
Website
https://www.mirriad.com
Mirriad Advertising PLC provides an in-content advertising platform. Its artificial intelligence (AI) based platform is a solution for in-content advertising and virtual product placement. Geographically, it derives the majority of its revenue from the United States and has a presence in the UK, China, and other countries.