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Schroder UK Mid Cap Fund (CHIX:SCPL) Accounts Receivable : £0.00 Mil (As of Sep. 2023)


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What is Schroder UK Mid Cap Fund Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Schroder UK Mid Cap Fund's accounts receivables for the quarter that ended in Sep. 2023 was £0.00 Mil.

Accounts receivable can be measured by Days Sales Outstanding.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Schroder UK Mid Cap Fund's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was £-0.48.


Schroder UK Mid Cap Fund Accounts Receivable Historical Data

The historical data trend for Schroder UK Mid Cap Fund'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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Schroder UK Mid Cap Fund Accounts Receivable Chart

Schroder UK Mid Cap Fund Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Accounts Receivable
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Schroder UK Mid Cap Fund Quarterly Data
Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
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Schroder UK Mid Cap Fund Accounts Receivable Calculation

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


Schroder UK Mid Cap Fund 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.

Schroder UK Mid Cap Fund's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0/-1.345*91
=

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Schroder UK Mid Cap Fund's accounts receivable are only considered to be worth 75% of book value:

Schroder UK Mid Cap Fund's Net-Net Working Capital Per Share for the quarter that ended in Sep. 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)
=(5.372+0.75 * 0+0.5 * 0-22.014
-0-0)/34.5812
=-0.48

* 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.


Schroder UK Mid Cap Fund Accounts Receivable Related Terms

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Schroder UK Mid Cap Fund (CHIX:SCPL) Business Description

Traded in Other Exchanges
Address
1 Exchange Crescent, Conference Square, Edinburgh, GBR, EH3 8UL
Schroder UK Mid Cap Fund PLC is a UK-based investment trust company. Its primary objective is to invest in mid-cap equities with the aim of providing a total return in excess of the FTSE 250 (ex-Investment Companies) Index. The company's investment strategy is to invest principally in the investment universe associated with the benchmark index and emphasized on specific companies and targeted themes. It adopts a unique and consistent investment process, taking a stock-specific approach with an emphasis on growth companies and sector weightings. The company may use gearing within pre-agreed limits to enhance investment returns in rising markets.

Schroder UK Mid Cap Fund (CHIX:SCPL) Headlines