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Codere Online Luxembourg (Codere Online Luxembourg) Accounts Receivable : $3.0 Mil (As of Jun. 2023)


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What is Codere Online Luxembourg Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Codere Online Luxembourg's accounts receivables for the quarter that ended in Jun. 2023 was $3.0 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Codere Online Luxembourg's Days Sales Outstanding for the quarter that ended in Jun. 2023 was 6.71.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Codere Online Luxembourg's Net-Net Working Capital per share for the quarter that ended in Jun. 2023 was $0.33.

Codere Online Luxembourg Accounts Receivable Historical Data

The historical data trend for Codere Online Luxembourg'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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Codere Online Luxembourg Accounts Receivable Chart

Codere Online Luxembourg Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22
Accounts Receivable
30.36 32.43 1.02 3.71 4.46

Codere Online Luxembourg Semi-Annual Data
Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23
Accounts Receivable Get a 7-Day Free Trial 0.43 3.71 3.93 4.46 2.97

Codere Online Luxembourg Accounts Receivable Calculation

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

Codere Online Luxembourg 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.

Codere Online Luxembourg's Days Sales Outstanding for the quarter that ended in Jun. 2023 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=2.974/80.861*91
=6.71

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

Codere Online Luxembourg's Net-Net Working Capital Per Share for the quarter that ended in Jun. 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)
=(59.861+0.75 * 2.974+0.5 * 0-47.069
-0-0.137)/45.2979
=0.33

* 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.

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.

Codere Online Luxembourg Accounts Receivable Related Terms

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Codere Online Luxembourg (Codere Online Luxembourg) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Codere Online Luxembourg SA (NAS:CDRO) » Definitions » Accounts Receivable
Comparable Companies
CPHC GLXZ KEYR GAN RSI SPOZF INSE BRVO ELYS LTRY DUB:FLTR OSTO:EVO ASX:ALL DKNG CHDN LSE:ENT LNW ASX:TLC ATH:OPAP XPAR:FDJ
Traded in Other Exchanges
CDRO:Mexico
Address
7 rue Robert Stumper, Luxembourg, LUX, L-2557
Website
http://www.codereonline.com
Codere Online Luxembourg SA is an international online casino gaming and online sports betting group focused on providing its customers with a safe and enjoyable online gaming experience. It currently operates in Spain, Italy, Mexico, Colombia, Panama and in the City of Buenos Aires where it offers its users the ability to play online casino games and bet on sports events. Online casino offerings include the full portfolio of games typically available in land-based casinos, gaming halls and gambling establishments, such as slot machines, table games and bingo. Online sports betting involves a user placing a wager on an event at some fixed odds determined by Codere Online. If the user wins, it pays out the bet. If the user loses, it keeps the amount wagered.

Codere Online Luxembourg (Codere Online Luxembourg) Headlines

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