MMTRS (Mills Music Trust) Accounts Receivable : $0.00 Mil (As of Dec. 2021)

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What is Mills Music Trust Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Mills Music Trust's accounts receivables for the quarter that ended in Dec. 2021 was $0.00 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Mills Music Trust's Days Sales Outstanding for the quarter that ended in Dec. 2021 was 0.00.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Mills Music Trust's Net-Net Working Capital per share for the quarter that ended in Dec. 2021 was $N/A.

Mills Music Trust Accounts Receivable Historical Data

The historical data trend for Mills Music Trust'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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Mills Music Trust Accounts Receivable Chart

Mills Music Trust Annual Data

Trend

Dec20

Dec21

Accounts Receivable

Mills Music Trust Semi-Annual Data
	Dec20	Dec21
Accounts Receivable	-	-

Mills Music Trust Accounts Receivable Calculation

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

Mills Music Trust 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.

Mills Music Trust's Days Sales Outstanding for the quarter that ended in Dec. 2021 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0	/	1.062	*	91
=	0.00

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

Mills Music Trust's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2021 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	+	0.75 * 0	+	0.5 * 0	-	N/A
-	0	-	0)	/	0.27771
=	N/A

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.

Mills Music Trust Accounts Receivable Related Terms

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Mills Music Trust Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Mills Music Trust (OTCPK:MMTRS) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

c/o HSBC BANK USA, N.A., 452 Fifth Avenue, Corporate Trust, Issuer Services, New York, NY, USA, 10001

Website

https://www.millsmusic.com

Mills Music Trust holds the right to receive payment of a deferred contingent purchase price obligation relating to music and lyric copyright catalogue payable by EMI Mills Music Inc primarily in the United States. The payments of the contingent portion are based on royalty income generated by the catalogue.

Mills Music Trust Headlines

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