Kings Entertainment Group (XCNQ:JKPT) Change In Receivables : C$1.39 Mil (TTM As of Sep. 2023)

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What is Kings Entertainment Group Change In Receivables?

Kings Entertainment Group's change in receivables for the quarter that ended in Sep. 2023 was C$0.15 Mil. It means Kings Entertainment Group's Accounts Receivable declined by C$0.15 Mil from Jun. 2023 to Sep. 2023 .

Kings Entertainment Group's change in receivables for the fiscal year that ended in Dec. 2022 was C$-0.21 Mil. It means Kings Entertainment Group's Accounts Receivable increased by C$0.21 Mil from Dec. 2021 to Dec. 2022 .

Kings Entertainment Group's Accounts Receivable for the quarter that ended in Sep. 2023 was C$4.29 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. Kings Entertainment Group's Days Sales Outstanding for the three months ended in Sep. 2023 was 172.18.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Kings Entertainment Group's liquidation value for the three months ended in Sep. 2023 was C$-0.66 Mil.

Kings Entertainment Group Change In Receivables Historical Data

The historical data trend for Kings Entertainment 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.

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Kings Entertainment Group Change In Receivables Chart

Kings Entertainment Group Annual Data

Trend

Dec20

Dec21

Dec22

Change In Receivables

0.13

0.19

-0.21

Kings Entertainment Group Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Change In Receivables	Get a 7-Day Free Trial							-1.28	1.69	-1.88	1.42	0.15

Kings Entertainment 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 Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was C$1.39 Mil.

Kings Entertainment Group (XCNQ:JKPT) 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.

Kings Entertainment 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
=	4.287	/	2.272	*	91
=	172.18

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

Kings Entertainment Group's liquidation value for the quarter that ended in Sep. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	1.507	-	5.387	+	0.75 * 4.287	+	0.5 * 0
=	-0.66

Kings Entertainment Group Change In Receivables Related Terms

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Kings Entertainment Group (XCNQ:JKPT) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

KENGF:USA L12:Germany

Address

505 Burrard Street, Suite 1570, Vancouver, BC, CAN

Website

Kings Entertainment Group Inc is the parent company of global lottery brand LottoKings group. As international online service providers for the lottery, casino, and sportsbook gambling, these brands leverage their ability to acquire pre-qualified players through renowned lottery offerings, then engage in a range of casino and sportsbook offerings.

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