Enthusiast Gaming Holdings (Enthusiast Gaming Holdings) Accounts Receivable : $19.5 Mil (As of Sep. 2023)

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What is Enthusiast Gaming Holdings Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Enthusiast Gaming Holdings's accounts receivables for the quarter that ended in Sep. 2023 was $19.5 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Enthusiast Gaming Holdings's Days Sales Outstanding for the quarter that ended in Sep. 2023 was 52.74.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Enthusiast Gaming Holdings's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was $-0.31.

Enthusiast Gaming Holdings Accounts Receivable Historical Data

The historical data trend for Enthusiast Gaming Holdings'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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Enthusiast Gaming Holdings Accounts Receivable Chart

Enthusiast Gaming Holdings Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Accounts Receivable

4.19

14.51

23.47

23.48

Enthusiast Gaming Holdings Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Accounts Receivable	Get a 7-Day Free Trial															28.17	23.48	19.51	20.03	19.46

Enthusiast Gaming Holdings Accounts Receivable Calculation

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

Enthusiast Gaming Holdings 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.

Enthusiast Gaming Holdings's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	19.458	/	33.669	*	91
=	52.74

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

Enthusiast Gaming Holdings'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)
=	(2.112	+	0.75 * 19.458	+	0.5 * 0	-	63.848
-	0	-	0)	/	154.393
=	-0.31

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.

Enthusiast Gaming Holdings Accounts Receivable Related Terms

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Enthusiast Gaming Holdings (Enthusiast Gaming Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Enthusiast Gaming Holdings Inc (OTCPK:EGLXF) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

2AV:Germany EGLX:Canada

Address

90 Eglinton Avenue East, Suite 805, Toronto, ON, CAN, M4P 2Y3

Website

https://www.enthusiastgaming.com

Enthusiast Gaming Holdings Inc is a gaming company building a media platform for video games and esports fans to connect and engage worldwide. Reaching over 300 million gamers every month, the company is a member of the Comscore 100 ranking of the top Internet Properties in the U.S. and the largest in the Gaming Information category on mobile devices. Combining the elements of its four core pillars; Media, Talent, Esports and Experiential, Enthusiast Gaming provides an engagement opportunity resulting in more points of connection than any other video game and esports platform, with unparalleled access to the influential and lucrative GenZ and Millennial audience. It has one segment which is digital media and entertainment. It generates a majority of its revenue from Media and content.