Grindr (Grindr) Accounts Receivable : $35.7 Mil (As of Mar. 2024)

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What is Grindr Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Grindr's accounts receivables for the quarter that ended in Mar. 2024 was $35.7 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Grindr's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 43.28.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Grindr's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $-2.35.

Grindr Accounts Receivable Historical Data

The historical data trend for Grindr'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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Grindr Accounts Receivable Chart

Grindr Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

11.83

17.89

22.44

33.91

Grindr Quarterly Data
	Dec19	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Accounts Receivable	Get a 7-Day Free Trial								28.55	30.75	32.31	33.91	35.73

Grindr Accounts Receivable Calculation

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

Grindr 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.

Grindr's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	35.733	/	75.345	*	91
=	43.28

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

Grindr's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2024 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)
=	(21.548	+	0.75 * 35.733	+	0.5 * 0	-	459.762
-	0	-	0)	/	175.391
=	-2.35

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.

Grindr Accounts Receivable Related Terms

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Grindr (Grindr) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Grindr Inc (NYSE:GRND) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

750 N. San Vincente Boulevard, Suite RE 1400, PO Box 69176750, West Hollywood, CA, USA, 90069

Website

https://www.grindr.com

Grindr Inc is a social networking app for gay, bi, trans, and queer people. It is a social network that brings together gay and bisexual men who want to meet other men close to them in a completely discreet and anonymous way, without having to give any personal information or having to fill out a profile with confidential information in order to register.

Executives

George Arison	director, officer: Chief Executive Officer	3727 LA DONNA AVENUE, PALO ALTO CA 94306
Zage George Raymond Iii	director, 10 percent owner	C/O TIGA ACQUISITION CORP., OFC, LEVEL 40, 10 COLLYER QUAY, SINGAPORE U0 04
Kye Chen	officer: Chief Accounting Officer	C/O GRINDR INC., 750 N. SAN VICENTE BLVD., SUITE RE 1400, WEST HOLLYWOOD CA 90069
Carman Wong	other: Former Director of Grindr Inc.	C/O TIGA ACQUISITION CORP., OFC, LEVEL 40, 10 COLLYER QUAY, SINGAPORE U0 049315
Maggie Lower	director	5822 NORTH WINTHROP AVENUE, CHICAGO IL 60660
Gary I. Horowitz	director	350 WEST 23RD STREET, APT 6A, NEW YORK NY 10011
Daniel Brooks Baer	director	1443 Q STREET NW, WASHINGTON DC 20009
Meghan Stabler	director	4502 HARVEY PENICK DR, ROUND ROCK TX 78664
Austin J Balance	officer: Chief Product Officer	750 N SAN VICENTE BLVD STE RE1400, WEST HOLLYWOOD CA 90069
Lu James Fu Bin	director, 10 percent owner	C/O PLAYTIKA LTD., HACHOSHLIM ST 8, HERZLIYA PITUARCH L3 4672408
Ashish Gupta	other: Former Director of Grindr Inc.	C/O TIGA ACQUISITION CORP., OFC, LEVEL 40, 10 COLLYER QUAY, SINGAPORE U0 049315
Gearon J Michael Jr	director, 10 percent owner	3350 RIVERWOOD PARKWAY, SUITE 425, ATLANTA GA 30339
Ben Falloon	other: Former Director of Grindr Inc.	C/O TIGA ACQUISITION CORP., OFC, LEVEL 40, 10 COLLYER QUAY, SINGAPORE U0 049315
Vandana Mehta-krantz	officer: Chief Financial Officer	SKILLZ INC., C/O CHARLOTTE EDELMAN, P.O. BOX 445, SAN FRANCISCO CA 94104-0445
David Christopher Ryan	other: Former Director of Grindr Inc.	C/O AFFILIATED MANAGERS GROUP, INC., 777 SOUTH FLAGLER DRIVE, WEST PALM BEACH FL 33401