Grom Social Enterprises (Grom Social Enterprises) Accounts Receivable : $0.28 Mil (As of Mar. 2024)

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What is Grom Social Enterprises Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Grom Social Enterprises's accounts receivables for the quarter that ended in Mar. 2024 was $0.28 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Grom Social Enterprises's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 28.71.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Grom Social Enterprises's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $-0.50.

Grom Social Enterprises Accounts Receivable Historical Data

The historical data trend for Grom Social Enterprises'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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Grom Social Enterprises Accounts Receivable Chart

Grom Social Enterprises Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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0.23

0.19

0.61

0.50

Grom Social Enterprises Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Accounts Receivable	Get a 7-Day Free Trial															0.55	0.17	0.57	0.50	0.28

Grom Social Enterprises Accounts Receivable Calculation

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

Grom Social Enterprises 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.

Grom Social Enterprises's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.275	/	0.874	*	91
=	28.71

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

Grom Social Enterprises'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)
=	(0.452	+	0.75 * 0.275	+	0.5 * 0.045	-	4.309
-	0.009	-	0.795)	/	8.92726
=	-0.50

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.

Grom Social Enterprises Accounts Receivable Related Terms

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Grom Social Enterprises (Grom Social Enterprises) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Grom Social Enterprises Inc (NAS:GROM) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

2060 NW Boca Raton Boulevard, Suite 6, Boca Raton, FL, USA, 33431

Website

https://www.gromsocial.com

Grom Social Enterprises Inc is a social media, technology, and entertainment company for kids focused on producing original content. In addition to providing a social media platform, the company creates content consisting of animated characters, interactive charts, videos, blogs, and games.

Executives

Goldman Sachs & Co. Llc	10 percent owner	200 WEST STREET, NEW YORK NY 10282
Goldman Sachs Group Inc	10 percent owner	200 WEST STREET, NEW YORK NY 10282
Jason Allen Williams	officer: CFO, Secretary and Treasurer	1649 NORTHWEST 136TH AVENUE, SUNRISE FL 33323
Robert Stevens	director	C/O GROM SOCIAL ENTERPRISES, INC., 2060 NW BOCA RATON BLVD., #6, BOCA RATON FL 33431
Norman Steven Rosenthal	director	14 TRAILS END ROAD, WILTON CT 06897-3330
Wayne Dearing	officer: President of TD Holdings Ltd.	C/O GROM SOCIAL ENTERPRISES, INC., 2060 NW BOCA RATON BLVD, #6, BOCA RATON FL 33431
Thomas J. Rutherford	director	16205 TALAVERA DE AVILA, TAMPA FL 33613
Melvin Leiner	director, 10 percent owner	C/O GROM SOCIAL ENTERPRISES, INC., 2060 NW BOCA RATON BLVD, SUITE 6, BOCA RATON FL 33431
Darren Marks	director, 10 percent owner	C/O GROM SOCIAL ENTERPRISES, INC., 2060 NW BOCA RATON BLVD, SUITE #6, BOCA RATON FL 33431
Ismael Llera	officer: CEO and CFO	2060 NW BOCA RATON BLVD, #6, BOCA RATON FL 33431
William Frederick Andrews	officer: Chief Operating Officer	4721 NW 27TH AVENUE, BOCA RATON FL 33434