Real Luck Group (Real Luck Group) Accounts Receivable : $0.00 Mil (As of Sep. 2023)

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What is Real Luck Group Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Real Luck Group's accounts receivables for the quarter that ended in Sep. 2023 was $0.00 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Real Luck Group'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. Real Luck Group's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was $-0.03.

Real Luck Group Accounts Receivable Historical Data

The historical data trend for Real Luck Group'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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Real Luck Group Accounts Receivable Chart

Real Luck Group Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Accounts Receivable

Real Luck Group Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23
Accounts Receivable	Get a 7-Day Free Trial										-	-	-	-	-

Real Luck Group Accounts Receivable Calculation

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

Real Luck Group 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.

Real Luck Group'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	/	0.182	*	91
=	0.00

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

Real Luck Group'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)
=	(0.139	+	0.75 * 0	+	0.5 * 0	-	2.416
-	0	-	0)	/	68.9006
=	-0.03

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.

Real Luck Group Accounts Receivable Related Terms

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Real Luck Group (Real Luck Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Real Luck Group Ltd (OTCPK:LUKEF) » Definitions » Accounts Receivable

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LUCK:Canada

Address

350 7th Avenue SW, Suite 3400, Calgary, AB, CAN, T2P 3N9

Website

https://www.realluckgroup.com

Real Luck Group Ltd is a betting company that offers legal, real-money betting, live streams, and statistics on all esports and sports on desktop and mobile devices. The company has a Business-to-Consumer (B2C) platform, and by leveraging shared technology, data, and resources, the company offers an extensive range of betting options for esports tournaments and an in-house customized user interface and user experience, built on a technology stack that supports multiple odds and streaming sources, allows the company to deliver deep esports betting coverage.