ME Group International (ME Group International) Change In Receivables : $-1.7 Mil (TTM As of Oct. 2023)

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What is ME Group International Change In Receivables?

ME Group International's change in receivables for the quarter that ended in Oct. 2023 was $-0.7 Mil. It means ME Group International's Accounts Receivable increased by $0.7 Mil from Apr. 2023 to Oct. 2023 .

ME Group International's change in receivables for the fiscal year that ended in Oct. 2023 was $-1.7 Mil. It means ME Group International's Accounts Receivable increased by $1.7 Mil from Oct. 2022 to Oct. 2023 .

ME Group International's Accounts Receivable for the quarter that ended in Oct. 2023 was $6.3 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. ME Group International's Days Sales Outstanding for the six months ended in Oct. 2023 was 6.15.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. ME Group International's liquidation value for the six months ended in Oct. 2023 was $-51.5 Mil.

ME Group International Change In Receivables Historical Data

The historical data trend for ME Group International'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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ME Group International Change In Receivables Chart

ME Group International Annual Data

Trend

Apr13

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Oct21

Oct22

Oct23

Change In Receivables

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-1.31

-0.78

-7.92

6.89

-1.69

ME Group International Semi-Annual Data
	Apr13	Oct13	Apr14	Oct14	Apr15	Oct15	Apr16	Oct16	Apr17	Oct17	Apr18	Oct18	Apr19	Oct19	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23
Change In Receivables	Get a 7-Day Free Trial															-2.88	4.31	3.11	-0.96	-0.75

ME Group International 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 Oct. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was $-1.7 Mil.

ME Group International (OTCPK:POMOF) 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.

ME Group International's Days Sales Outstanding for the quarter that ended in Oct. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	6.319	/	187.381	*	91
=	6.15

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

ME Group International's liquidation value for the quarter that ended in Oct. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	135.312	-	211.369	+	0.75 * 6.319	+	0.5 * 39.587
=	-51.5

ME Group International Change In Receivables Related Terms

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ME Group International (ME Group International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » ME Group International PLC (OTCPK:POMOF) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

MEGPl:UK PHTM.GB:UK MEGP:UK PHQ:Germany

Address

Blenheim Road, Unit 3B, Epsom, London, Surrey, GBR, KT19 9AP

Website

https://www.me-group.com

ME Group International PLC operates, sells and services a wide range of instant-service vending equipment, aimed at the consumer market. The group operates vending units across 20 countries and its technological innovation is focused on four principal areas namely Photobooths and integrated biometric identification solutions; Unattended laundry services and launderettes; High-quality digital printigg kiosks and Vending equipment for the food service market. Geographically, the company operates in UK & Republic of Ireland, Asia Pacific and Continental Europe, which is the majority revenue generator.

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