Drive Shack (Drive Shack) Accounts Receivable

: $6.7 Mil (As of Sep. 2023)

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Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Drive Shack's accounts receivables for the quarter that ended in Sep. 2023 was $6.7 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Drive Shack's Days Sales Outstanding for the quarter that ended in Sep. 2023 was 6.12.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Drive Shack's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was $-5.17.

Drive Shack Accounts Receivable Historical Data

The historical data trend for Drive Shack'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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Drive Shack Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Accounts Receivable

7.52

5.25

4.45

5.56

8.31

Drive Shack Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Accounts Receivable																5.85	8.31	5.59	9.36	6.73

Drive Shack Accounts Receivable Calculation

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

Drive Shack 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.

Drive Shack's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	6.725	/	100.336	*	91
=	6.12

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

Drive Shack'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)
=	(13.81	+	0.75 * 6.725	+	0.5 * 3.463	-	485.47
-	61.583	-	6.618)	/	103.06
=	-5.17

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.

Drive Shack Accounts Receivable Related Terms

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Drive Shack (Drive Shack) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Drive Shack Inc (OTCPK:DSHK) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

DSHKN.PFD:USA DSHKO.PFD:USA DSHKP.PFD:USA

Address

10670 N. Central Expressway, Suite 700, Dallas, TX, USA, 75231

Website

https://www.driveshack.com

Drive Shack Inc is an owner and operator of golf-related leisure and entertainment businesses. The company conducts its business through three primary segments: Traditional Golf properties, Entertainment Golf venues, and corporate. The Traditional Golf properties segment operates and owns golf properties. The Entertainment Golf venues segment plans to open a chain of gold, competition, dining, and fun. The Corporate segment consists primarily of investments in loans and securities. The majority of the firm's revenue gets derived from the Traditional Golf Properties segment.

Executives

Wesley R Edens	director	1345 AVENUE OF THE AMERICAS, 45TH FLOOR, NEW YORK NY 10105
Hana Khouri	officer: President	218 WEST 18TH STREET, 3RD FLOOR, NEW YORK NY 10011
Stuart A Mcfarland	director	C/O FORTRESS INVESTMENT GROUP, 1345 AVE OF THE AMERICAS 46TH FL, NEW YORK NY 10105
Goodfield Lawrence A. Jr.	officer: CFO, CAO & Treasurer	1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Michael Lee Nichols	officer: Chief Financial Officer	C/O DRIVE SHACK INC., 218 W. 18TH STREET, 3RD FLOOR, NEW YORK NY 10011
Acacia Research Corp	director	767 3RD AVENUE, 6TH FLOOR, NEW YORK NY 10017
Virgis Colbert	director	5725 DELPHI DRIVE, TROY MI 48098
Benjamin M Crane	director	218 WEST 18TH STREET 3RD FLOOR, NEW YORK NY 10011
Clifford Press	director	152 WEST 57TH STREET, NEW YORK NY 10019
David Hammarley	officer: Chief Financial Officer	111 WEST 19TH STREET, 8TH FLOOR, NEW YORK NY 10011
Kenneth A May	director, officer: CEO & President	13155 NOEL ROAD, SUITE 1600, THREE GALLERIA TOWER, DALLAS TX 75240
William J Clifford	director	845 BERKSHIRE BLVD. SUITE 200, WYOMISSING PA 19610
Alan L. Tyson	director	1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Sara A. Yakin	officer: Chief Operating Officer	1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Sarah Watterson	officer: CEO & President	1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105