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Golden Matrix Group (Golden Matrix Group) Change In Receivables : $-3.01 Mil (TTM As of Jan. 2024)


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What is Golden Matrix Group Change In Receivables?

Golden Matrix Group's change in receivables for the quarter that ended in Jan. 2024 was $-0.73 Mil. It means Golden Matrix Group's Accounts Receivable increased by $0.73 Mil from Oct. 2023 to Jan. 2024 .

Golden Matrix Group's change in receivables for the fiscal year that ended in Oct. 2023 was $-3.04 Mil. It means Golden Matrix Group's Accounts Receivable increased by $3.04 Mil from Oct. 2022 to Oct. 2023 .

Golden Matrix Group's Accounts Receivable for the quarter that ended in Jan. 2024 was $4.03 Mil.

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 Receivable are being managed. Golden Matrix Group's Days Sales Outstanding for the three months ended in Jan. 2024 was 31.06.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Golden Matrix Group's liquidation value for the three months ended in Jan. 2024 was $16.55 Mil.


Golden Matrix Group Change In Receivables Historical Data

The historical data trend for Golden Matrix Group's Change In Receivables 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.

Golden Matrix Group Change In Receivables Chart

Golden Matrix Group Annual Data
Trend Jul13 Jul14 Jul15 Jul16 Jul17 Jul18 Jul19 Jan21 Oct22 Oct23
Change In Receivables
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.31 -1.07 -0.76 -0.07 -3.04

Golden Matrix Group Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
Change In Receivables 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 -0.76 -1.10 -0.32 -0.85 -0.73

Golden Matrix Group Change In Receivables Calculation

Change In Accounts Receivable relative to the previous period. It is any increase or decrease in the cash a company is owed by its customers.

Change In Receivables for the trailing twelve months (TTM) ended in Jan. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-3.01 Mil.

* 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.


Golden Matrix Group  (NAS:GMGI) Change In Receivables 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 Receivable are being managed.

Golden Matrix Group's Days Sales Outstanding for the quarter that ended in Jan. 2024 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=4.031/11.844*91
=31.06

2. In Ben Graham's calculation of liquidation value, Golden Matrix Group's accounts receivable are only considered to be worth 75% of book value:

Golden Matrix Group's liquidation value for the quarter that ended in Jan. 2024 is calculated as:

Liquidation Value
=Cash, Cash Equivalents, Marketable Securities-Total Liabilities+(0.75 * Accounts Receivable)+(0.5 * Total Inventories)
=17.293-4.95+0.75 * 4.031+0.5 * 2.377
=16.55

* 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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Golden Matrix Group (Golden Matrix Group) Business Description

Traded in Other Exchanges
Address
3651 Lindell Road, Suite D131, Las Vegas, NV, USA, 89103
Golden Matrix Group Inc is an established gaming technology company that develops and owns online gaming IP and builds configurable and scalable white-label social gaming platforms for its international customers, located in the Asia Pacific region. The company operates in two reportable segments; B2B and B2C. The B2C segment earns majority revenue. The company operates in UK, Asia Pacific and Latin America. It offers configurable and scalable iGaming platforms and operate some of the industry's iconic brands, including MexPlay, R Kings Competitions and GM-AG.
Executives
Philip Moyes director 54 KINGS WHARF, QUAY 27, QUEENSWAY J1 GX11 1AA
Thomas Mcchesney director PO BOX 2910, TACOMA WA 98401-2910
Omar Jimenez officer: CFO & Chief Compliance Officer C/O MONAKER GROUP INC., 2690 WESTON ROAD, SUITE 200, WESTON FL 33331
Aaron Richard Johnston director 3851 LINDELL RD, STE D131, LAS VEGAS NV 89103
Murray George Smith director 11920 SOUTHERN HIGHLANDS PARKWAY,, SUITE 200, LAS VEGAS NV 89141
Luxor Capital Llc 10 percent owner 3651 LINDELL RD STE D131, LAS VEGAS NV 89103
Anthony Brian Goodman director, 10 percent owner, officer: CEO 3651 LINDELL RD STE D131, LAS VEGAS NV 89103
Weiting Feng director, officer: CFO 3651 LINDELL RD STE D131, LAS VEGAS NV 89103