DoubleDown Interactive Co (DoubleDown Interactive Co) Accounts Receivable : $34.2 Mil (As of Mar. 2024)

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What is DoubleDown Interactive Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. DoubleDown Interactive Co's accounts receivables for the quarter that ended in Mar. 2024 was $34.2 Mil.

Accounts receivable can be measured by Days Sales Outstanding. DoubleDown Interactive Co's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 35.39.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. DoubleDown Interactive Co's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $5.23.

DoubleDown Interactive Co Accounts Receivable Historical Data

The historical data trend for DoubleDown Interactive Co'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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DoubleDown Interactive Co Accounts Receivable Chart

DoubleDown Interactive Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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19.81

23.30

21.88

21.20

32.52

DoubleDown Interactive Co Quarterly Data
	Jun19	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															28.49	26.84	27.83	32.52	34.18

DoubleDown Interactive Co Accounts Receivable Calculation

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

DoubleDown Interactive Co 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	34.183	/	88.143	*	91
=	35.39

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

DoubleDown Interactive Co'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)
=	(309.516	+	0.75 * 34.183	+	0.5 * 0	-	75.68
-	0	-	0.147)	/	49.5534
=	5.23

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.

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DoubleDown Interactive Co (DoubleDown Interactive Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » DoubleDown Interactive Co Ltd (NAS:DDI) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

DDI:Germany

Address

152, Teheran-ro Gangnam-gu, Gangnam Finance Center, 13th Floor, Seoul, KOR, 06236

Website

https://www.doubledowninteractive.com

DoubleDown Interactive Co Ltd is a developer and publisher of digital games on mobile and web-based platforms. The company is the creator of multi-format interactive entertainment experiences for casual players. Its market opportunity includes casual gaming globally, which includes slots, puzzles, cards, match three, and other similar games. Within the social casino segment of casual gaming, which includes free-to-play online slots, poker, table games, and bingo. Other games developed by the company are DoubleDown Fort, DoubleDown Classic, and Ellen's Road to Riches. The company has a presence in the international market, and it derives a majority of its revenue from the United States of America.