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More Provident Funds And Pension (XTAE:MPP) Accounts Receivable : ₪39.4 Mil (As of Dec. 2023)


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What is More Provident Funds And Pension Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. More Provident Funds And Pension's accounts receivables for the quarter that ended in Dec. 2023 was ₪39.4 Mil.

Accounts receivable can be measured by Days Sales Outstanding. More Provident Funds And Pension's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 29.70.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. More Provident Funds And Pension's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was ₪-1.50.


More Provident Funds And Pension Accounts Receivable Historical Data

The historical data trend for More Provident Funds And Pension'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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More Provident Funds And Pension Accounts Receivable Chart

More Provident Funds And Pension Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Accounts Receivable
Get a 7-Day Free Trial 0.30 5.39 18.28 31.46 39.43

More Provident Funds And Pension Quarterly Data
Dec18 Dec19 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 31.46 35.92 39.59 34.20 39.43

More Provident Funds And Pension Accounts Receivable Calculation

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


More Provident Funds And Pension 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.

More Provident Funds And Pension's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=39.434/121.154*91
=29.70

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), More Provident Funds And Pension's accounts receivable are only considered to be worth 75% of book value:

More Provident Funds And Pension'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)
=(48.209+0.75 * 39.434+0.5 * 0-270.443
-0-0)/128.088
=-1.50

* 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.


More Provident Funds And Pension Accounts Receivable Related Terms

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More Provident Funds And Pension (XTAE:MPP) Business Description

Traded in Other Exchanges
N/A
Address
Ben Gurion Road 2, PO Box: 514956465, Ramat Gan, ISR, 5257334
More Provident Funds And Pension Ltd, formerly More Provident Funds Ltd offers variety of long-term savings routes at different risk levels. The company offers provident funds, study funds and investment provident funds.

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