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Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Live Ventures's accounts receivables for the quarter that ended in Mar. 2024 was $45.5 Mil.
Accounts receivable can be measured by Days Sales Outstanding. Live Ventures's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 35.01.
In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Live Ventures's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $-74.29.
The historical data trend for Live Ventures'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.
Live Ventures Annual Data | |||||||||||||||||||||
Trend | Sep14 | Sep15 | Sep16 | Sep17 | Sep18 | Sep19 | Sep20 | Sep21 | Sep22 | Sep23 | |||||||||||
Accounts Receivable | Get a 7-Day Free Trial | 11.90 | 20.12 | 21.56 | 25.67 | 41.19 |
Live Ventures 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 | 29.70 | 27.36 | 41.19 | 42.35 | 45.51 |
Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.
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.
Live Ventures's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:
Days Sales Outstanding | |||||
= | Accounts Receivable | / | Revenue | * | Days in Period |
= | 45.51 | / | 118.626 | * | 91 |
= | 35.01 |
2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Live Ventures's accounts receivable are only considered to be worth 75% of book value:
Live Ventures'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) | ||
= | (4.489 | + | 0.75 * 45.51 | + | 0.5 * 130.98 | - | 338 |
- | 0 | - | 0) | / | 3.14814 | ||
= | -74.29 |
* 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.
Thank you for viewing the detailed overview of Live Ventures's Accounts Receivable provided by GuruFocus.com. Please click on the following links to see related term pages.
John Isaac | director, 10 percent owner | 501 W. BROADWAY, SUITE A212, SAN DIEGO CA 92101 |
Dennis Gao | director | 325 E. WARM SPRINGS ROAD, SUITE 102, LAS VEGAS NV 89119 |
David Lee Verret | officer: Chief Accounting Officer | 5900 COPPER CANYON DR., THE COLONY TX 75056 |
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Virland A Johnson | officer: Chief Financial Officer | 20488 N 86 LANE, PEORIA AZ 85382 |
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Isaac Capital Group, Llc | 10 percent owner | 501 W. BROADWAY, #A212, SAN DIEGO CA 92101 |
Clarke Thomas J Jr | director | 11534 VILLA VASARI, PALM BEACH GARDENS FL 33418 |
Antonios Isaac | director | 3525 DEL MAR HEIGHTS RD., #765, SAN DIEGO CA 92130 |
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