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GMM (Global Mofy AI) Accounts Receivable : $3.18 Mil (As of Mar. 2024)


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What is Global Mofy AI Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Global Mofy AI's accounts receivables for the quarter that ended in Mar. 2024 was $3.18 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Global Mofy AI's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 29.13.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Global Mofy AI's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $-0.00.

Global Mofy AI Accounts Receivable Historical Data

The historical data trend for Global Mofy AI'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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Global Mofy AI Accounts Receivable Chart

Global Mofy AI Annual Data
Trend Sep20 Sep21 Sep22 Sep23
Accounts Receivable
0.57 5.93 2.40 3.29

Global Mofy AI Semi-Annual Data
Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24
Accounts Receivable Get a 7-Day Free Trial 4.78 2.40 2.70 3.29 3.18

Global Mofy AI Accounts Receivable Calculation

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

Global Mofy AI 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.

Global Mofy AI's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=3.179/19.919*91
=29.13

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

Global Mofy AI's Net-Net Working Capital Per Share for the quarter that ended in Mar. 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)
=(8.154+0.75 * 3.179+0.5 * 0-10.77
-0--0.142)/28.5455
=-0.00

* 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.

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.

Global Mofy AI Accounts Receivable Related Terms

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Global Mofy AI Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Global Mofy AI Ltd (NAS:GMM) » Definitions » Accounts Receivable
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Address
No. A12, Xidian Memory Cultural and Creative Town, No. 102, 1st Floor, Gaobeidian Township, Chaoyang District, Beijing, CHN, 100000
Website
Global Mofy Metaverse Ltd operates as a technology solutions provider engaged in virtual content production, digital marketing, and digital assets development for the metaverse industry. It utilizes its proprietary Mofy Lab technology platform which consists of three-dimensional (3D) rebuilt technology and artificial intelligence (AI) interactive technology to create a 3D high-definition virtual version of a wide range of physical world objects such as human, animal, and scenes which can be used in different applications.