GAN (GAN) Change In Receivables : $2.9 Mil (TTM As of Mar. 2024)

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What is GAN Change In Receivables?

GAN's change in receivables for the quarter that ended in Mar. 2024 was $0.4 Mil. It means GAN's Accounts Receivable declined by $0.4 Mil from Dec. 2023 to Mar. 2024 .

GAN's change in receivables for the fiscal year that ended in Dec. 2023 was $2.6 Mil. It means GAN's Accounts Receivable declined by $2.6 Mil from Dec. 2022 to Dec. 2023 .

GAN's Accounts Receivable for the quarter that ended in Mar. 2024 was $9.4 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. GAN's Days Sales Outstanding for the three months ended in Mar. 2024 was 28.06.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. GAN's liquidation value for the three months ended in Mar. 2024 was $-46.7 Mil.

GAN Change In Receivables Historical Data

The historical data trend for GAN'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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GAN Change In Receivables Chart

GAN Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-1.68

-1.12

-1.50

-5.93

2.62

GAN Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Receivables	Get a 7-Day Free Trial															0.14	3.76	0.89	-2.17	0.43

GAN 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $2.9 Mil.

GAN (NAS:GAN) 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.

GAN's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	9.426	/	30.651	*	91
=	28.06

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

GAN's liquidation value for the quarter that ended in Mar. 2024 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	36.592	-	90.325	+	0.75 * 9.426	+	0.5 * 0
=	-46.7

GAN Change In Receivables Related Terms

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GAN (GAN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » GAN Ltd (NAS:GAN) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

4VN:Germany

Address

400 Spectrum Center Drive, Suite 1900, Irvine, CA, USA, 92618

Website

https://www.gan.com

GAN Ltd provides Software-as-a-Service solutions for online casino gaming and sports betting applications. The company has two operating segments B2B and B2C. The B2B segment develops, markets, and sells instances of GameSTACK, GAN Sports, and iSight Back Office technology that incorporates comprehensive player registration, account funding, and back-office accounting and management tools that enable the casino operators to efficiently, confidently, and effectively extend their presence online in places that have permitted online real money gaming, and The B2C segment, which includes the operations of Coolbet, develops and operates a B2C online sports betting and casino platform that is accessible through its website in markets across Northern Europe, Latin America, and Canada.

Executives

Giuseppe Gardali	officer: President, B2B	400 SPECTRUM CENTER DRIVE, SUITE 1900, IRVINE CA 92618
Endre Nesset	officer: President, B2C	400 SPECTRUM CENTER DRIVE, SUITE 1900, IRVINE CA 92618
Brian P Chang	officer: Interim CFO	400 SPECTRUM CENTER DRIVE, SUITE 1900, IRVINE CA 92618
Eric J Green	director	C/O FULL HOUSE RESORTS, INC., 1980 FESTIVAL PLAZA DRIVE, SUITE 680, LAS VEGAS NV 89135
Seamus M Mcgill	director	C/O GAN LIMITED,, 400 SPECTRUM CENTER DRIVE, SUITE 1900, IRVINE CA 92618
Dermot S. Smurfit	director, officer: President, CEO	400 SPECTRUM CENTER DRIVE, SUITE 1900, IRVINE CA 92618
Karen Flores	director, officer: EVP, Chief Financial Officer	400 SPECTRUM CENTER DRIVE, SUITE 1900, IRVINE CA 92618
Sylvia Tiscareno	officer: Chief Legal Officer	400 SPECTRUM CENTER DRIVE, SUITE 1900, IRVINE CA 92618
Glenn Anders Karlsen	officer: CEO, Coolbet	400 SPECTRUM CENTER DRIVE, SUITE 1900, IRVINE CA 92618
Simon Knock	officer: EVP, Chief Information Officer	400 SPECTRUM CENTER DRIVE, SUITE 1900, IRVINE CA 92618
Michael Arouh	officer: Chief Legal Officer	400 SPECTRUM CENTER DRIVE, SUITE 1900, IRVINE CA 92618
Michael Jr. Smurfit	director	400 SPECTRUM CENTER DRIVE, SUITE 1900, IRVINE CA 92618
Susan Bracey	director	C/O YOUBET.COM, INC., 2600 WEST OLIVE AVENUE, 5TH FLOOR, BURBANK CA 91505
David Goldberg	director	C/O GAN LIMITED, 400 SPECTRUM CENTER DRIVE, SUITE 1900, IRVINE CA 92618
Jan Roos	officer: Chief Technology Officer	400 SPECTRUM CENTER DRIVE, SUITE 1900, IRVINE CA 92618