Looking Glass Labs (AQSE:NFTX) Change In Receivables : £0.03 Mil (TTM As of Jan. 2024)

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What is Looking Glass Labs Change In Receivables?

Looking Glass Labs's change in receivables for the quarter that ended in Jan. 2024 was £-0.00 Mil. It means Looking Glass Labs's Accounts Receivable increased by £0.00 Mil from Oct. 2023 to Jan. 2024 .

Looking Glass Labs's change in receivables for the fiscal year that ended in Jul. 2023 was £0.06 Mil. It means Looking Glass Labs's Accounts Receivable declined by £0.06 Mil from Jul. 2022 to Jul. 2023 .

Looking Glass Labs's Accounts Receivable for the quarter that ended in Jan. 2024 was £0.07 Mil.

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 Receivable are being managed. Looking Glass Labs's Days Sales Outstanding for the three months ended in Jan. 2024 was 16.96.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Looking Glass Labs's liquidation value for the three months ended in Jan. 2024 was £-0.95 Mil.

Looking Glass Labs Change In Receivables Historical Data

The historical data trend for Looking Glass Labs's Change In Receivables 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 Change In Receivables Chart

Looking Glass Labs Annual Data

Trend

Jul20

Jul21

Jul22

Jul23

Change In Receivables

-0.14

0.06

Looking Glass Labs Quarterly Data
	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Change In Receivables	Get a 7-Day Free Trial											0.03	0.04	-0.01	-	-

Looking Glass Labs Change In Receivables Calculation

Change In Accounts Receivable relative to the previous period. It is any increase or decrease in the cash a company is owed by its customers.

Change In Receivables for the trailing twelve months (TTM) ended in Jan. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was £0.03 Mil.

Looking Glass Labs (AQSE:NFTX) Change In Receivables 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 Receivable 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 liquidation value, Looking Glass Labs's accounts receivable are only considered to be worth 75% of book value:

Looking Glass Labs's liquidation value for the quarter that ended in Jan. 2024 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0.423	-	1.423	+	0.75 * 0.071	+	0.5 * 0
=	-0.95

Looking Glass Labs Change In Receivables Related Terms

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Looking Glass Labs (AQSE:NFTX) Business Description

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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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