Emmis (EMMS) Accounts Receivable : $4.63 Mil (As of Feb. 2020)

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What is Emmis Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Emmis's accounts receivables for the quarter that ended in Feb. 2020 was $4.63 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Emmis's Days Sales Outstanding for the quarter that ended in Feb. 2020 was 40.43.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Emmis's Net-Net Working Capital per share for the quarter that ended in Feb. 2020 was $-0.43.

Emmis Accounts Receivable Historical Data

The historical data trend for Emmis'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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Emmis Accounts Receivable Chart

Emmis Annual Data

Trend

Feb11

Feb12

Feb13

Feb14

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Accounts Receivable

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34.91

26.48

20.59

11.92

4.63

Emmis Quarterly Data
	May15	Aug15	Nov15	Feb16	May16	Aug16	Nov16	Feb17	May17	Aug17	Nov17	Feb18	May18	Aug18	Nov18	Feb19	May19	Aug19	Nov19	Feb20
Accounts Receivable	Get a 7-Day Free Trial															11.92	18.21	13.79	5.60	4.63

Emmis Accounts Receivable Calculation

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

Emmis 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.

Emmis's Days Sales Outstanding for the quarter that ended in Feb. 2020 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	4.627	/	10.444	*	91
=	40.43

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

Emmis's Net-Net Working Capital Per Share for the quarter that ended in Feb. 2020 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)
=	(93.036	+	0.75 * 4.627	+	0.5 * 0	-	102.085
-	0	-	-0.017)	/	13.0517
=	-0.43

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.

Emmis Accounts Receivable Related Terms

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Emmis (EMMS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Emmis Corp (OTCPK:EMMS) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

40 Monument Circle, Suite 700, One EMMIS Plaza, Indianapolis, IN, USA, 46204

Website

https://www.emmis.com

Emmis Corp, formerly Emmis Communications Corp is a diversified media company principally focused on radio broadcasting. The company owns and operates radio and magazine entities in large and medium-sized markets throughout the United States. Its operations have aligned into two business segments: Radio and Publishing. A vast majority of revenue is generated from the Radio segment. The company generates revenue in the form of Advertising; Circulation, which includes revenues from digital and home delivery subscriptions; Nontraditional, which includes ticket sales and sponsorship of events on their stations and magazine conduct; LMA(Local Marketing Agreement) Fees; and other revenues.

Executives

Patrick M Walsh	officer: President, COO	40 MONUMENT CIRCLE, SUITE 700, INDIANAPOLIS IN 46204
Ryan A Hornaday	officer: EVP, CFO & Treasurer	40 MONUMENT CIRCLE, SUITE 700, INDIANAPOLIS IN 46204
Gregory T Loewen	officer: President - Publishing	40 MONUMENT CIRCLE, SUITE 700, INDIANAPOLIS IN 46204
Jeffrey H Smulyan	director, 10 percent owner, officer: Chairman,CEO, other: member of 10% 13(d) group
J. Scott Enright	officer: EVP, Gen Counsel & Secretary	40 MONUMENT CIRCLE, SUITE 700, INDIANAPOLIS IN 46204
James M Dubin	director	ONE MADISON PLACE, HARRISON NY 10528
Greg Nathanson	director
Lawrence B Sorrel	director
Peter A Lund	director	236 LOCHA DRIVE, JUPITER FL 33458
Susan B Bayh	director	WELLPOINT, INC., 120 MONUMENT CIRCLE, INDIANAPOLIS IN 46204
Richard A Leventhal	director
Paul V. Brenner	officer: President	40 MONUMENT CIRCLE, SUITE 700, INDIANAPOLIS IN 46204
Gary L Kaseff	director
Richard F Cummings	officer: Radio Division President
Herbert Simon	other: Member of 10% owner 13d group	115 W WASHINGTON ST, INDIANAPOLIS IN 46204