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Magic Empire Global (Magic Empire Global) Accounts Receivable : $0.30 Mil (As of Dec. 2023)


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What is Magic Empire Global Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Magic Empire Global's accounts receivables for the quarter that ended in Dec. 2023 was $0.30 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Magic Empire Global's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 54.55.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Magic Empire Global's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $0.57.

Magic Empire Global Accounts Receivable Historical Data

The historical data trend for Magic Empire Global'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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Magic Empire Global Accounts Receivable Chart

Magic Empire Global Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Accounts Receivable
0.36 0.66 0.26 0.30

Magic Empire Global Semi-Annual Data
Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Accounts Receivable Get a 7-Day Free Trial 0.66 0.72 0.26 0.11 0.30

Magic Empire Global Accounts Receivable Calculation

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

Magic Empire Global 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.

Magic Empire Global's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0.295/0.987*91
=54.55

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

Magic Empire Global's Net-Net Working Capital Per Share for the quarter that ended in Dec. 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)
=(11.832+0.75 * 0.295+0.5 * 0-0.511
-0-0)/20.2561
=0.57

* 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.

Magic Empire Global Accounts Receivable Related Terms

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Magic Empire Global (Magic Empire Global) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Magic Empire Global Ltd (NAS:MEGL) » Definitions » Accounts Receivable
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Traded in Other Exchanges
N/A
Address
3/F, 8 Wyndham Street, Central, Hong Kong, HKG
Website
https://www.meglmagic.com
Magic Empire Global Ltd is a financial services provider in Hong Kong which principally engaged in the provision of corporate finance advisory services and underwriting services.