Magnite (Magnite) Change In Receivables : $-220.1 Mil (TTM As of Dec. 2023)

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What is Magnite Change In Receivables?

Magnite's change in receivables for the quarter that ended in Dec. 2023 was $-239.1 Mil. It means Magnite's Accounts Receivable increased by $239.1 Mil from Sep. 2023 to Dec. 2023 .

Magnite's change in receivables for the fiscal year that ended in Dec. 2023 was $-220.1 Mil. It means Magnite's Accounts Receivable increased by $220.1 Mil from Dec. 2022 to Dec. 2023 .

Magnite's Accounts Receivable for the quarter that ended in Dec. 2023 was $1,176.3 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. Magnite's Days Sales Outstanding for the three months ended in Dec. 2023 was 574.19.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Magnite's liquidation value for the three months ended in Dec. 2023 was $-778.7 Mil.

Magnite Change In Receivables Historical Data

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

Magnite Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-10.71

-103.84

-254.37

-46.33

-220.10

Magnite Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Change In Receivables	Get a 7-Day Free Trial															-171.59	100.14	-52.00	-29.11	-239.14

Magnite 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-220.1 Mil.

Magnite (NAS:MGNI) 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.

Magnite's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	1176.276	/	186.932	*	91
=	574.19

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

Magnite's liquidation value for the quarter that ended in Dec. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	326.219	-	1987.123	+	0.75 * 1176.276	+	0.5 * 0
=	-778.7

Magnite Change In Receivables Related Terms

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Magnite (Magnite) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Magnite Inc (NAS:MGNI) » Definitions » Change In Receivables

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MGNI:Mexico 15R:Germany

Address

1250 Broadway, 15th Floor, New York, NY, USA, 10001

Website

https://investor.magnite.com

Magnite is one of the largest supply-side platform providers, or SSP, in online advertising. The firm was previously named The Rubicon Project (an online ad exchange) and became Magnite after merging with Telaria (an SSP focused mainly on streaming video providers) in 2020. The firm also purchased another of the leading SSPs within the CTV market, SpotX, in 2021 for $1.2 billion, cementing its long-term focus on grabbing market share in this area. The firm generates nearly 45% of its revenue from the programmatic sale of CTV ad inventory, 35% from mobile online sites and apps, and the remaining from websites accessed via computer.

Executives

Michael G. Barrett	director, officer: CEO	C/O THE RUBICON PROJECT, INC., 12181 BLUFF CREEK DRIVE, 4TH FLOOR, PLAYA VISTA CA 90094
David Buonasera	officer: Chief Technology Officer	C/O MAGNITE, INC., 1250 BROADWAY, 15TH FLOOR, NEW YORK NY 10001
Robert F Spillane	director	12181 BLUFF CREEK DRIVE, 4TH FLOOR, LOS ANGELES CA 90094
Sean Patrick Buckley	officer: Chief Revenue Officer, CTV	C/O MAGNITE, INC., 6080 CENTER DRIVE, 4TH FLOOR, LOS ANGELES CA 90045
Aaron Saltz	officer: General Counsel & Secy	C/O TELARIA INC., 222 BROADWAY, 16TH FLOOR, NEW YORK NY 10038
Adam Lee Soroca	officer: Head of Global Buyer Team	C/O THE RUBICON PROJECT, INC., 12181 BLUFF CREEK DR., 4TH FLOOR, PLAYA VISTA CA 90094
Katie Seitz Evans	officer: Chief Operating Officer	C/O TREMOR VIDEO, INC., 1501 BROADWAY, SUITE 801, NEW YORK NY 10036
David Day	officer: Chief Accounting Officer	21700 OXNARD STREET, SUITE 1600, WOODLAND HILLS CA 91367
Brian Gephart	officer: Chief Accounting Officer	1655 26TH STREET, SANTA MONICA CA 90404
Lisa L Troe	director	12181 BLUFF CREEK DRIVE, 4TH FLOOR, LOS ANGELES CA 90094
Rachel Lam	director	C/O TREMOR VIDEO, INC., 53 WEST 23RD STREET, NEW YORK NY 10010
David T. Pearson	director	C/O VONAGE HOLDINGS CORP, 23 MAIN STREET, HOLMDEL NJ 07733
Diane Yu	director	C/O MAGNITE, INC., 1250 BROADWAY, 15TH FLOOR, NEW YORK NY 10001
Joseph R Prusz	officer: Global Chief Revenue Officer	C/O THE RUBICON PROJECT, INC., 12181 BLUFF CREEK DRIVE, 4TH FLOOR, PLAYA VISTA CA 90094
Paul Caine	director	C/O TREMOR VIDEO, INC., 53 WEST 23RD STREET, NEW YORK NY 10010