Zinc Media Group (LSE:ZIN) Accounts Receivable

: £7.25 Mil (As of Jun. 2023)

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Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Zinc Media Group's accounts receivables for the quarter that ended in Jun. 2023 was £7.25 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Zinc Media Group's Days Sales Outstanding for the quarter that ended in Jun. 2023 was 73.21.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Zinc Media Group's Net-Net Working Capital per share for the quarter that ended in Jun. 2023 was £-0.46.

Zinc Media Group Accounts Receivable Historical Data

The historical data trend for Zinc Media Group'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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Zinc Media Group Annual Data

Trend

Mar11

Mar12

Mar13

Jun15

Jun16

Jun17

Jun18

Jun19

Dec21

Dec22

Accounts Receivable

1.33

2.41

3.50

2.06

6.49

Zinc Media Group Semi-Annual Data
	Mar13	Sep13	Mar14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Jun21	Dec21	Jun22	Dec22	Jun23
Accounts Receivable																2.02	2.06	3.91	6.49	7.25

Zinc Media Group Accounts Receivable Calculation

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

Zinc Media Group 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.

Zinc Media Group's Days Sales Outstanding for the quarter that ended in Jun. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	7.25	/	18.072	*	91
=	73.21

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

Zinc Media Group'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)
=	(5.777	+	0.75 * 7.25	+	0.5 * 0.299	-	21.266
-	0	-	0.023)	/	21.8068
=	-0.46

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.

Zinc Media Group Accounts Receivable Related Terms

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Zinc Media Group (LSE:ZIN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Zinc Media Group PLC (LSE:ZIN) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

ZIN.GB:UK

Address

17 Dominion Street, 1st Floor, London, GBR, EC2M 2EF

Website

https://www.zincmedia.com

Zinc Media Group PLC is a multimedia producer of TV programming with publishing and communications content. The activities undertaken by the TV segment include the production of television content. The Content Production segment includes brand and corporate film production, radio and podcast production and publishing. The majority of its revenue is earned from TV production. The Group comprises twelve businesses that operate in two areas: television production (Tern TV, Brook Lapping, Red Sauce, Supercollider, Rex, Bumblebee and Atomic TV) and content production for brands and businesses (The Edge and the Zinc Communicate businesses in Brand Entertainment, Audio, Corporate Film and Publishing). Geographically, the majority is from the United Kingdom.

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