Hipgnosis Songs Fund (LSE:SONG) Accounts Receivable : £0.00 Mil (As of Sep. 2023)

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What is Hipgnosis Songs Fund Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Hipgnosis Songs Fund's accounts receivables for the quarter that ended in Sep. 2023 was £0.00 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Hipgnosis Songs Fund's Days Sales Outstanding for the quarter that ended in Sep. 2023 was 0.00.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Hipgnosis Songs Fund's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was £-0.46.

Hipgnosis Songs Fund Accounts Receivable Historical Data

The historical data trend for Hipgnosis Songs Fund'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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Hipgnosis Songs Fund Accounts Receivable Chart

Hipgnosis Songs Fund Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Accounts Receivable

Hipgnosis Songs Fund Semi-Annual Data
	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Accounts Receivable	Get a 7-Day Free Trial				-	-	-	-	-

Hipgnosis Songs Fund Accounts Receivable Calculation

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

Hipgnosis Songs Fund 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.

Hipgnosis Songs Fund's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0	/	31.189	*	91
=	0.00

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

Hipgnosis Songs Fund'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)
=	(27.743	+	0.75 * 0	+	0.5 * 0	-	580.276
-	0	-	0)	/	1209.21
=	-0.46

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.

Hipgnosis Songs Fund Accounts Receivable Related Terms

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Hipgnosis Songs Fund (LSE:SONG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Hipgnosis Songs Fund Ltd (LSE:SONG) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Trafalgar Court, Les Banques, P.O. Box 286, Floor 2, Saint Peter Port, GGY, GY1 4LY

Website

https://www.hipgnosissongs.com

Hipgnosis Songs Fund Ltd is an investment company. The company's investment objective is to provide shareholders with an attractive and growing level of income, together with the potential for capital growth. It offers to play exposure to songs and associated musical intellectual property rights. Hipgnosis Songs Fund serves customers globally.