Digital Turbine (NAS:APPS) Change In Receivables

: $83.9 Mil (TTM As of Mar. 2023)

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Digital Turbine's change in receivables for the quarter that ended in Mar. 2023 was $51.1 Mil. It means Digital Turbine's Accounts Receivable declined by $51.1 Mil from Dec. 2022 to Mar. 2023 .

Digital Turbine's change in receivables for the fiscal year that ended in Mar. 2023 was $83.9 Mil. It means Digital Turbine's Accounts Receivable declined by $83.9 Mil from Mar. 2022 to Mar. 2023 .

Digital Turbine's Accounts Receivable for the quarter that ended in Mar. 2023 was $136.9 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. Digital Turbine's Days Sales Outstanding for the three months ended in Mar. 2023 was 89.17.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Digital Turbine's liquidation value for the three months ended in Mar. 2023 was $-481.6 Mil.

Digital Turbine Change In Receivables Historical Data

The historical data trend for Digital Turbine'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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Digital Turbine Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Change In Receivables

-6.04

-2.43

-25.38

-73.66

83.89

Digital Turbine Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
Change In Receivables																30.88	6.63	3.29	22.90	51.08

Digital Turbine 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. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $83.9 Mil.

Digital Turbine (NAS:APPS) 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.

Digital Turbine's Days Sales Outstanding for the quarter that ended in Mar. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	136.921	/	140.118	*	91
=	89.17

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

Digital Turbine's liquidation value for the quarter that ended in Mar. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	75.058	-	659.301	+	0.75 * 136.921	+	0.5 * 0
=	-481.6

Digital Turbine Change In Receivables Related Terms

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Digital Turbine (NAS:APPS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Digital Turbine Inc (NAS:APPS) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

4MD:Germany

Address

110 San Antonio Street, Suite 160, Austin, TX, USA, 78701

Website

https://www.digitalturbine.com

Digital Turbine Inc is an independent mobile growth platform. It offers end-to-end products and solutions to all participants in the mobile application ecosystem, enabling brand discovery and advertising, user acquisition and engagement, and operational efficiency for advertisers. Its operating segments are On Device Media (ODM); In App Media-AdColony; and In App Media-Fyber. The company derives key revenue from the ODM segment by providing solutions to all participants in the mobile application ecosystem who want to connect with end users and consumers who hold the device, including mobile carriers and device original equipment manufacturers (OEMs) that participate in the app economy, app publishers and developers, and brands and advertising agencies. It has a global business presence.

Executives

Senthilkumaran Kanagaratnam	officer: Chief Technology Officer	5717 LA SEYNE PLACE, SAN JOSE CA 95138
Matthew Gillis	officer: President	2400 BOSTON STREET, SUITE 201, BALTIMORE MD 21224
Mary Spilman	director	C/O CRITEO LEGAL DEPT., 387 PARK AVENUE SOUTH, 12TH FLOOR, NEW YORK NY 10016
Michael Benjamin Miller	officer: Chief Accounting Officer	360 WEST FOREST GROVE ROAD, LUCAS TX 75002
Holyce Hess Groos	director	58 CHRISTIANA COURT, LAKE GEORGE NY 12845
Christine Collins	officer: CTO	111 NUECES STREET, AUSTIN TX 78701
Michelle M Sterling	director	5775 MOREHOUSE DRIVE, SAN DIEGO CA 92121
Roy H Chestnutt	director	1095 AVENUE OF THE AMERICAS, 8TH FLOOR, NEW YORK NY 10036
J. Barrett Garrison	officer: EVP, CFO	1300 GUADALUPE STREET, SUITE 302, AUSTIN TX 78701
David Wesch	officer: Acting CAO	1300 GUADALUPE STREET, SUITE 302, AUSTIN TX 78701
Mohan S Gyani	director	7277 164TH AVE NE, BLDG1, REDMOND WA 98052
Judson Bowman	director	1300 GUADALUPE STREET, SUITE 302, AUSTIN TX 78701
Craig I Forman	director	1375 PEACHTREE STREET, ATLANTA GA 30309
James Alejandro	officer: Chief Accounting Officer	2811 CAHUENGA BOULEVARD WEST, LOS ANGELES CA 90068
Kirstie Elizabeth Brown	officer: Head, Global Fin. Obligations	2811 CAHUENGA BOULEVARD WEST, LOS ANGELES CA 90068