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Townsquare Media (Townsquare Media) Accounts Receivable : $53.9 Mil (As of Mar. 2024)


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What is Townsquare Media Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Townsquare Media's accounts receivables for the quarter that ended in Mar. 2024 was $53.9 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Townsquare Media's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 49.36.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Townsquare Media's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $-28.88.


Townsquare Media Accounts Receivable Historical Data

The historical data trend for Townsquare Media'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.

* Premium members only.

Townsquare Media Accounts Receivable Chart

Townsquare Media Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 67.46 58.63 57.65 61.23 60.78

Townsquare Media 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 55.29 62.54 63.53 60.78 53.89

Townsquare Media Accounts Receivable Calculation

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


Townsquare Media 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.

Townsquare Media's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=53.894/99.633*91
=49.36

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

Townsquare Media'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)
=(56.6+0.75 * 53.894+0.5 * 0-634.86
-0-3.918)/18.762
=-28.88

* 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.


Townsquare Media Accounts Receivable Related Terms

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Townsquare Media (Townsquare Media) Business Description

Traded in Other Exchanges
Address
One Manhattanville Road, Suite 202, Purchase, New York, NY, USA, 10577
Townsquare Media Inc is a radio, digital media, entertainment, and digital marketing solutions company principally focused on being the premier local advertising and marketing solutions platform in small and mid-sized markets across the United States. It has three segments which are Subscription Digital Marketing Solutions, Digital Advertising, and Broadcast Advertising. It earns the majority of the revenue from the Broadcasting Advertising segment. Its portfolio includes local media brands such as WYRK.com, WJON.com, and NJ101.5.com, and premier national music brands such as XXLmag.com, TasteofCountry.com, UltimateClassicRock.com, and Loudwire.com.
Executives
Erik Hellum officer: COO, Local Media C/O TOWNSQUARE MEDIA, INC., 1 MANHATTANVILLE ROAD, SUITE 202, PURCHASE NY 10577
Scott Schatz officer: EVP, Finance Op and Tech C/O TOWNSQUARE MEDIA, INC., 1 MANHATTANVILLE ROAD, SUITE 202, PURCHASE NY 10577
David Lebow director C/O TOWNSQUARE MEDIA, INC, 1 MANHATTANVILLE ROAD, SUITE 202, PURCHASE NY 10577
Madison Square Garden Entertainment Corp. 10 percent owner TWO PENNSYLVANIA PLAZA, NEW YORK NY 10121
Gary D Way director C/O TOWNSQUARE MEDIA, INC., ONE MANHATTANVILLE ROAD, SUITE 202, PURCHASE NY 10577
David Quick director 333 SOUTH GRAND AVENUE, 28TH FLOOR, LOS ANGELES CA 90071
Oaktree Capital Group Holdings Gp, Llc 10 percent owner 333 SOUTH GRAND AVENUE, 28TH FLOOR, LOS ANGELES CA 90071
Oaktree Capital Group Holdings, L.p. 10 percent owner 333 SOUTH GRAND AVENUE, 28TH FLOOR, LOS ANGELES CA 90071
Oaktree Fund Gp Iii, L.p. 10 percent owner 333 SOUTH GRAND AVENUE, 28TH FLOOR, LOS ANGELES CA 90071
Ocm Pof Iv Aif Gap Holdings, L.p. 10 percent owner C/O OAKTREE CAPITAL MANAGEMENT, L.P., 333 S. GRAND AVENUE, 28TH FLOOR, LOS ANGELES CA 90071
Atlas Ocm Holdings, Llc 10 percent owner C/O OAKTREE CAPITAL MANAGEMENT, L.P., 333 S. GRAND AVENUE, 28TH FLOOR, LOS ANGELES CA 90071
Oaktree Aif Investments, L.p. 10 percent owner 333 SOUTH GRAND AVENUE, 28TH FLOOR, LOS ANGELES CA 90071
Oaktree Aif Investment Gp, Llc 10 percent owner 333 SOUTH GRAND AVENUE, 28TH FLOOR, LOS ANGELES CA 90071
Partners Ltd 10 percent owner 181 BAY STREET, BROOKFIELD PLACE, SUITE 300, TORONTO A6 M5J2T3
Brookfield Asset Management Inc. 10 percent owner BROOKFIELD PLACE, 181 BAY ST, STE 100, PO BOX 762, TORONTO A6 M5J2T3