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TGS Esports (TGS Esports) Accounts Receivable : $0.16 Mil (As of Mar. 2022)


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What is TGS Esports Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. TGS Esports's accounts receivables for the quarter that ended in Mar. 2022 was $0.16 Mil.

Accounts receivable can be measured by Days Sales Outstanding. TGS Esports's Days Sales Outstanding for the quarter that ended in Mar. 2022 was 71.26.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. TGS Esports's Net-Net Working Capital per share for the quarter that ended in Mar. 2022 was $-0.02.


TGS Esports Accounts Receivable Historical Data

The historical data trend for TGS Esports'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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TGS Esports Accounts Receivable Chart

TGS Esports Annual Data
Trend Jun20 Jun21
Accounts Receivable
0.01 0.04

TGS Esports Quarterly Data
Jun19 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22
Accounts Receivable Get a 7-Day Free Trial Premium Member Only 0.09 0.04 0.19 0.08 0.16

TGS Esports Accounts Receivable Calculation

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


TGS Esports 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.

TGS Esports's Days Sales Outstanding for the quarter that ended in Mar. 2022 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0.164/0.21*91
=71.26

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

TGS Esports's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2022 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)
=(0.193+0.75 * 0.164+0.5 * 0.01-2.915
-0-0)/138.444
=-0.02

* 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.


TGS Esports Accounts Receivable Related Terms

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TGS Esports (TGS Esports) Business Description

Traded in Other Exchanges
N/A
Address
4211 No. 3 Road, Richmond, BC, CAN, V6X 2C3
TGS Esports Inc is engaged in the business of providing and hosting esports events, tournaments, and leagues at both the amateur and professional levels both online and in person. Also, the company has an esports stadium to play and watch sports.