The Lottery (The Lottery) Accounts Receivable : $78 Mil (As of Dec. 2023)

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What is The Lottery Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. The Lottery's accounts receivables for the quarter that ended in Dec. 2023 was $78 Mil.

Accounts receivable can be measured by Days Sales Outstanding. The Lottery's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 11.22.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. The Lottery's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-1.00.

The Lottery Accounts Receivable Historical Data

The historical data trend for The Lottery'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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The Lottery Accounts Receivable Chart

The Lottery Annual Data

Trend

Jun22

Jun23

Accounts Receivable

16.51

3.09

The Lottery Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Receivable	33.62	16.51	60.19	3.09	77.64

The Lottery Accounts Receivable Calculation

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

The Lottery 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.

The Lottery's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	77.644	/	1262.718	*	91
=	11.22

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

The Lottery's Net-Net Working Capital Per Share for the quarter that ended in Dec. 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)
=	(611.58	+	0.75 * 77.644	+	0.5 * 0	-	2886.747
-	0	-	0)	/	2225.8
=	-1.00

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.

The Lottery Accounts Receivable Related Terms

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The Lottery (The Lottery) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » The Lottery Corp Ltd (OTCPK:LTRCF) » Definitions » Accounts Receivable

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Traded in Other Exchanges

TLC:Australia

Address

180 Ann Street, Level 8, Brisbane, QLD, AUS, 4000

Website

https://www.thelotterycorporation.com

The Lottery Corp is Australia's largest provider of lottery, Keno and instant scratch products, with long-dated and/or exclusive licences for lottery in all Australian states and territories except Western Australia, and in most states and territories for Keno. The Lottery Corp has a distribution network of over 3,800 franchised retailers selling instant scratch and lottery products through vendors such as newsagents, service stations, pharmacies, and convenience stores, in addition to online sales. Keno is sold in over 3,400 pubs and clubs.

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