Dover Motorsports (Dover Motorsports) Accounts Receivable : $1.66 Mil (As of Sep. 2021)

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What is Dover Motorsports Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Dover Motorsports's accounts receivables for the quarter that ended in Sep. 2021 was $1.66 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Dover Motorsports's Days Sales Outstanding for the quarter that ended in Sep. 2021 was 122.58.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Dover Motorsports's Net-Net Working Capital per share for the quarter that ended in Sep. 2021 was $0.20.

Dover Motorsports Accounts Receivable Historical Data

The historical data trend for Dover Motorsports'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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Dover Motorsports Accounts Receivable Chart

Dover Motorsports Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Accounts Receivable

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0.42

0.48

0.68

0.65

0.60

Dover Motorsports Quarterly Data
	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21
Accounts Receivable	Get a 7-Day Free Trial															1.23	0.60	2.00	18.00	1.66

Dover Motorsports Accounts Receivable Calculation

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

Dover Motorsports 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.

Dover Motorsports's Days Sales Outstanding for the quarter that ended in Sep. 2021 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	1.663	/	1.238	*	91
=	122.58

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

Dover Motorsports's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2021 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)
=	(23.683	+	0.75 * 1.663	+	0.5 * 0.024	-	17.715
-	0	-	0)	/	36.4236
=	0.20

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.

Dover Motorsports Accounts Receivable Related Terms

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Dover Motorsports (Dover Motorsports) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Dover Motorsports Inc (NYSE:DVD) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

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Address

1131 North DuPont Highway, Dover, DE, USA, 19901

Website

https://www.doverspeedway.com

Dover Motorsports Inc is a United States-based public holding company. The company's principal activity is to market and promote motorsports entertainment. Dover through its subsidiaries owns and operates Dover International Speedway in Dover, Delaware and Nashville Superspeedway near Nashville, Tennessee. Its operations were segregated into two main operating subsidiaries; Dover International Speedway Inc covered its motorsports operations, and Dover Downs Inc conducted its gaming operations. The company generates revenues primarily from the sponsorship payments, rights fees, ticket sales, and other event-related revenues.

Executives

Patrick J Bagley	director
Jeffrey W Rollins	director
Henry B Tippie	director	TONY EVANS, 1131 N DUPONT HWY, DOVER DE 19903
Anastasia Thomas Nardangeli	director	1131 N. DUPONT HIGHWAY DOWER DE 19901
Denis Mcglynn	director, officer: President and CEO	POST OFFICE BOX 843, DOVER DE 19903
Timothy R Horne	director, officer: Sr. VP - Finance & CFO
Thomas G Wintermantel	officer: VP, TREASURER & SECRETARY
Michael A. Tatoian	director, officer: Executive Vice President - COO	1131 N. DUPONT HIGHWAY DOVER DE 19901
Richard Radcliffe Hastings	director	1131 NORTH DUPONT HIGHWAY DOVER DE 19901
Gary W Rollins	10 percent owner	2170 PIEDMONT ROAD NE, ATLANTA GA 30324
R Randall Rollins	director, 10 percent owner	SUNTRUST BANKS INC, PO BOX 4418 MC 643, ATLANTA GA 30302-4418
Eugene W Weaver	director, 10 percent owner	P O BOX 843, DOVER DE 19803
Richard K Struthers	director	900 OLD KENNETT ROAD, GREENVILLE DE 19807
Mario Cibelli	10 percent owner	6 EAST 43RD STREET, 23RD FLOOR NEW YORK NY 10017
Kenneth K Chalmers	director