PlaySide Studios (ASX:PLY) Accounts Receivable : A$7.74 Mil (As of Dec. 2023)

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What is PlaySide Studios Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. PlaySide Studios's accounts receivables for the quarter that ended in Dec. 2023 was A$7.74 Mil.

Accounts receivable can be measured by Days Sales Outstanding. PlaySide Studios's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 39.00.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. PlaySide Studios's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was A$0.08.

PlaySide Studios Accounts Receivable Historical Data

The historical data trend for PlaySide Studios'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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PlaySide Studios Accounts Receivable Chart

PlaySide Studios Annual Data

Trend

Jun20

Jun21

Jun22

Jun23

Accounts Receivable

0.71

1.56

4.87

5.81

PlaySide Studios Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Receivable	Get a 7-Day Free Trial			2.88	4.87	6.64	5.81	7.74

PlaySide Studios Accounts Receivable Calculation

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

PlaySide Studios 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	7.737	/	36.201	*	91
=	39.00

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

PlaySide Studios's Net-Net Working Capital Per Share for the quarter that ended in Dec. 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)
=	(38.628	+	0.75 * 7.737	+	0.5 * 0	-	13.105
-	0	-	0)	/	408.652
=	0.08

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.

PlaySide Studios Accounts Receivable Related Terms

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PlaySide Studios (ASX:PLY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » PlaySide Studios Ltd (ASX:PLY) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

QJ9:Germany

Address

75 Crockford Street, Level 1, Port Melbourne, Melbourne, VIC, AUS, 3207

Website

https://www.playsidestudios.com

PlaySide Studios Ltd is a video game developer in Australia. The company delivers games across four platforms: Mobile, Virtual Reality (VR), Augmented Reality (AR) and PC. Some of its games include Ghost Pop, Flush Force, Defend the Bits, Dumb ways to dash, and many others. The company has one reportable segment, development and monetization of mobile , PC and console video games.

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