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Dominion Lending Centres (Dominion Lending Centres) Accounts Receivable : $7.18 Mil (As of Mar. 2024)


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What is Dominion Lending Centres Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Dominion Lending Centres's accounts receivables for the quarter that ended in Mar. 2024 was $7.18 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Dominion Lending Centres's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 65.00.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Dominion Lending Centres's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $-2.69.


Dominion Lending Centres Accounts Receivable Historical Data

The historical data trend for Dominion Lending Centres'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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Dominion Lending Centres Accounts Receivable Chart

Dominion Lending Centres Annual Data
Trend Sep13 Sep14 Sep15 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 12.36 10.91 14.06 10.35 10.69

Dominion Lending Centres Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Accounts Receivable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 7.13 9.27 10.68 10.69 7.18

Dominion Lending Centres Accounts Receivable Calculation

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


Dominion Lending Centres 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.

Dominion Lending Centres's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=7.176/10.074*91
=65.00

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

Dominion Lending Centres's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2024 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)
=(1.563+0.75 * 7.176+0.5 * 0-136.319
-0-0.189)/48.2272
=-2.69

* 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.


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.


Dominion Lending Centres Accounts Receivable Related Terms

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Dominion Lending Centres (Dominion Lending Centres) Business Description

Traded in Other Exchanges
Address
2207 - 4th Street SW, Suite 400, Calgary, AB, CAN, T2S 1X1
Dominion Lending Centres Inc is a mortgage brokerage franchisor and mortgage broker data connectivity provider with operations across Canada. The Group operates through Dominion Lending Centres and its three main subsidiaries, MCC Mortgage Centre Canada Inc., MA Mortgage Architects Inc and Newton Connectivity Systems Inc. The company has two operating segments, namely, the Core Business Operations segment and the NonCore Business Asset Management segment. The company generates revenue mainly from franchising and mortgage brokerage services.

Dominion Lending Centres (Dominion Lending Centres) Headlines