Hall Of Fame Resort & Entertainment Co (Hall Of Fame Resort & Entertainment Co) Accounts Receivable : $1.27 Mil (As of Mar. 2024)

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What is Hall Of Fame Resort & Entertainment Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Hall Of Fame Resort & Entertainment Co's accounts receivables for the quarter that ended in Mar. 2024 was $1.27 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Hall Of Fame Resort & Entertainment Co's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 27.61.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Hall Of Fame Resort & Entertainment Co's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $-49.24.

Hall Of Fame Resort & Entertainment Co Accounts Receivable Historical Data

The historical data trend for Hall Of Fame Resort & Entertainment Co'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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Hall Of Fame Resort & Entertainment Co Accounts Receivable Chart

Hall Of Fame Resort & Entertainment Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

1.36

0.37

2.37

1.81

1.11

Hall Of Fame Resort & Entertainment Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Accounts Receivable	Get a 7-Day Free Trial															2.70	2.64	3.75	1.11	1.27

Hall Of Fame Resort & Entertainment Co Accounts Receivable Calculation

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

Hall Of Fame Resort & Entertainment Co 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.

Hall Of Fame Resort & Entertainment Co's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	1.268	/	4.191	*	91
=	27.61

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Hall Of Fame Resort & Entertainment Co's accounts receivable are only considered to be worth 75% of book value:

Hall Of Fame Resort & Entertainment Co'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)
=	(4.713	+	0.75 * 1.268	+	0.5 * 0	-	325.967
-	0	-	-0.963)	/	6.486
=	-49.24

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.

Hall Of Fame Resort & Entertainment Co Accounts Receivable Related Terms

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Hall Of Fame Resort & Entertainment Co (Hall Of Fame Resort & Entertainment Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Hall Of Fame Resort & Entertainment Co (NAS:HOFV) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

2626 Fulton Drive NW, Canton, OH, USA, 44718

Website

https://www.hofreco.com

Hall Of Fame Resort & Entertainment Co operates as a holding company. The firm is a sports, entertainment, and media company. It generates revenues from various streams such as sponsorship agreements, rents, cost recoveries, events, hotel operation, Hall of Fantasy League, and through the sale of media assets.

Executives

Buiten John Van	officer: VP of Accounting/Controller	C/O JAY PHARMA INC., 4851 TAMIAMI TRAIL N, SUITE 200, NAPLES FL 34103
Jerome Bettis	director	2870 PEACHTREE RD NW, SUITE 509, ATLANTA GA 30305
Michael Anthony Crawford	director, officer: President and CEO	C/O HALL OF FAME RESORT & ENTERTAIN CO, 2626 FULTON AVE NW, CANTON OH 44718
Michael S Levy	officer: President of Operations	C/O HALL OF FAME RESORT & ENTERTAIN CO, 2626 FULTON AVE NW, CANTON OH 44718
Marcus Lemarr Allen	director	HALL OF FAME RESORT & ENTERTAINMENT CO, 2626 FULTON AVE NW, CANTON OH 44708
Teri Wagner Flynn	director	C/O HALL OF FAME RESORT & ENTERTAIN CO, 2626 FULTON DRIVE NW, CANTON OH 44718
Victor S. Gregovits	officer: EVP of Sales & Marketing	C/O HALL OF FAME RESORT & ENTERTAIN CO, 2626 FULTON DRIVE NW, CANTON OH 44718
Benjamin J Lee	officer: Chief Financial Officer	2626 FULTON DRIVE, NW, C/O HALL OF FAME RESORT & ENTERTAIN CO, CANTON OH 44718
Karl Holz	director	C/O HALL OF FAME RESORT & ENTERTAIN CO, 2626 FULTON AVE NW, CANTON OH 44718
Mary Owen	director	C/O HALL OF FAME RESORT & ENTERTAIN CO, 2626 FULTON AVE NW, CANTON OH 44718
James J. Dolan	director	C/O TRISTATE CAPITAL HOLDINGS, INC., ONE OXFORD CENTRE, SUITE 2700, PITTSBURGH PA 15219
Stuart Lichter	director	631 PASEO DE LA PLAYA, REDONDO BEACH CA 90277
Anthony J. Buzzelli	director	C/O TRISTATE CAPITAL HOLDINGS, INC, ONE OXFORD CENTRE, SUITE 2700, PITTSBURGH PA 15219
Kimberly Schaefer	director	C/O SEAWORLD ENTERTAINMENT, INC., 6240 SEA HARBOR DR, ORLANDO FL 32821
Erica Muhleman	officer: EVP of New Bus. Dev./Marketing	2626 FULTON DRIVE NW, CANTON OH 44718