Boat Rocker Media (TSX:BRMI) Accounts Receivable : C$54.3 Mil (As of Mar. 2024)

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What is Boat Rocker Media Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Boat Rocker Media's accounts receivables for the quarter that ended in Mar. 2024 was C$54.3 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Boat Rocker Media's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 96.65.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Boat Rocker Media's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was C$-4.18.

Boat Rocker Media Accounts Receivable Historical Data

The historical data trend for Boat Rocker 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.

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Boat Rocker Media Accounts Receivable Chart

Boat Rocker Media Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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27.46

30.65

107.34

102.65

73.17

Boat Rocker Media Quarterly Data
	Dec18	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															-	79.59	87.53	73.17	54.35

Boat Rocker Media Accounts Receivable Calculation

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

Boat Rocker 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.

Boat Rocker 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
=	54.349	/	51.312	*	91
=	96.65

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

Boat Rocker 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)
=	(98.222	+	0.75 * 54.349	+	0.5 * 0	-	345.042
-	0	-	29.661)	/	56.4489
=	-4.18

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.

Boat Rocker Media Accounts Receivable Related Terms

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Boat Rocker Media (TSX:BRMI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Boat Rocker Media Inc (TSX:BRMI) » Definitions » Accounts Receivable

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9P6:Germany

Address

310 King Street East, Toronto, ON, CAN, M5A 1K6

Website

https://www.boatrocker.com

Boat Rocker Media Inc is the home for creative visionaries. An independent, integrated entertainment company, Boat Rocker's purpose is to tell stories and build iconic brands across all genres and mediums. With offices around the world, the company's creative and commercial capabilities include scripted, unscripted, kids and family television production, distribution, brand, and franchise management, a world-class animation studio, and talent management through Untitled Entertainment. Its segment includes Television, Kids and Family, Representation, and the majority of the revenue comes from Television.

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