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Mission Ready Solutions (Mission Ready Solutions) Accounts Receivable : $0.22 Mil (As of Mar. 2023)


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What is Mission Ready Solutions Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Mission Ready Solutions's accounts receivables for the quarter that ended in Mar. 2023 was $0.22 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Mission Ready Solutions's Days Sales Outstanding for the quarter that ended in Mar. 2023 was 27.64.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Mission Ready Solutions's Net-Net Working Capital per share for the quarter that ended in Mar. 2023 was $-0.04.


Mission Ready Solutions Accounts Receivable Historical Data

The historical data trend for Mission Ready Solutions'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.

* Premium members only.

Mission Ready Solutions Accounts Receivable Chart

Mission Ready Solutions Annual Data
Trend Oct13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.30 2.70 5.09 2.07 0.56

Mission Ready Solutions Quarterly Data
Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23
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 1.03 0.23 0.28 0.56 0.22

Mission Ready Solutions Accounts Receivable Calculation

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


Mission Ready Solutions 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.

Mission Ready Solutions's Days Sales Outstanding for the quarter that ended in Mar. 2023 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0.216/0.713*91
=27.64

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

Mission Ready Solutions's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2023 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)
=(0.181+0.75 * 0.216+0.5 * 0.241-8.601
-0-0)/215.55
=-0.04

* 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.


Mission Ready Solutions Accounts Receivable Related Terms

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Mission Ready Solutions (Mission Ready Solutions) Business Description

Traded in Other Exchanges
N/A
Address
1681 Chestnut Street, Suite 400, Vancouver, BC, CAN, V6J 4M6
Mission Ready Solutions Inc provides comprehensive government contracting solutions with extensive experience in delivering quality, reliable, mission-critical products and services for law enforcement, firefighters, first responders, the military, and other governmental agencies. Its wholly-owned subsidiary, Unifire Inc, leverages its robust vendor network, industry relationships, proprietary technology infrastructure, and manufacturing and distribution capabilities to efficiently source and deliver more than 1.5 million products. The company has two reportable business segments in the defense, security, and first-responder markets: consulting and manufacturer representation; and inspection, cleaning, and repair services of protective services gear.