Looking Glass Labs (AQSE:NFTX) Accounts Receivable : £0.07 Mil (As of Jan. 2024)

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What is Looking Glass Labs Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Looking Glass Labs's accounts receivables for the quarter that ended in Jan. 2024 was £0.07 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Looking Glass Labs's Days Sales Outstanding for the quarter that ended in Jan. 2024 was 16.96.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Looking Glass Labs's Net-Net Working Capital per share for the quarter that ended in Jan. 2024 was £-0.48.

Looking Glass Labs Accounts Receivable Historical Data

The historical data trend for Looking Glass Labs'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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Looking Glass Labs Accounts Receivable Chart

Looking Glass Labs Annual Data

Trend

Jul20

Jul21

Jul22

Jul23

Accounts Receivable

0.14

0.07

Looking Glass Labs Quarterly Data
	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Accounts Receivable	Get a 7-Day Free Trial											0.10	0.06	0.07	0.07	0.07

Looking Glass Labs Accounts Receivable Calculation

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

Looking Glass Labs 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.

Looking Glass Labs's Days Sales Outstanding for the quarter that ended in Jan. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.071	/	0.382	*	91
=	16.96

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

Looking Glass Labs's Net-Net Working Capital Per Share for the quarter that ended in Jan. 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)
=	(0.423	+	0.75 * 0.071	+	0.5 * 0	-	1.423
-	0	-	0)	/	1.98584
=	-0.48

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.

Looking Glass Labs Accounts Receivable Related Terms

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Looking Glass Labs (AQSE:NFTX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Looking Glass Labs Ltd (AQSE:NFTX) » Definitions » Accounts Receivable

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Traded in Other Exchanges

H1N0:Germany NFTX:Canada

Address

1890-1075 West Georgia Street, Vancouver, BC, CAN, V6E 3C9

Website

https://www.lgl.io

Looking Glass Labs Ltd is a digital agency for the Metaverse. It partners with and supports NFT collections to earn revenues from drops and royalties from secondary market re-sales. It provides services which include NFT Marketing, Partnerships & Collaborations, Development & Minting Services, Community Growth & Moderation, Brand Design & Management, Smart Contracts, Legal Services, and Metaverse Integration. The company operates within two geographic areas, Canada and Vietnam and has one operating segment which is the design, development, and sale of exclusive Non-Fungible Tokens (NFTs). It earns majority of its revenue from its operations in Canada.

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