Great Canadian Gaming (Great Canadian Gaming) Change In Receivables : $30.4 Mil (TTM As of Jun. 2021)

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What is Great Canadian Gaming Change In Receivables?

Great Canadian Gaming's change in receivables for the quarter that ended in Jun. 2021 was $6.2 Mil. It means Great Canadian Gaming's Accounts Receivable declined by $6.2 Mil from Mar. 2021 to Jun. 2021 .

Great Canadian Gaming's change in receivables for the fiscal year that ended in Dec. 2020 was $30.3 Mil. It means Great Canadian Gaming's Accounts Receivable declined by $30.3 Mil from Dec. 2019 to Dec. 2020 .

Great Canadian Gaming's Accounts Receivable for the quarter that ended in Jun. 2021 was $22.0 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. Great Canadian Gaming's Days Sales Outstanding for the three months ended in Jun. 2021 was 34.72.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Great Canadian Gaming's liquidation value for the three months ended in Jun. 2021 was $-1,721.6 Mil.

Great Canadian Gaming Change In Receivables Historical Data

The historical data trend for Great Canadian Gaming'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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Great Canadian Gaming Change In Receivables Chart

Great Canadian Gaming Annual Data

Trend

Dec11

Dec12

Dec13

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Dec17

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Dec20

Change In Receivables

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-11.70

0.86

-33.79

-9.19

30.29

Great Canadian Gaming Quarterly Data
	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21
Change In Receivables	Get a 7-Day Free Trial															3.39	27.36	-8.28	5.09	6.22

Great Canadian Gaming 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 Jun. 2021 adds up the quarterly data reported by the company within the most recent 12 months, which was $30.4 Mil.

Great Canadian Gaming (OTCPK:GCGMF) 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.

Great Canadian Gaming's Days Sales Outstanding for the quarter that ended in Jun. 2021 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	22.013	/	57.856	*	91
=	34.72

2. In Ben Graham's calculation of liquidation value, Great Canadian Gaming's accounts receivable are only considered to be worth 75% of book value:

Great Canadian Gaming's liquidation value for the quarter that ended in Jun. 2021 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	357.774	-	2095.908	+	0.75 * 22.013	+	0.5 * 0
=	-1,721.6

Great Canadian Gaming Change In Receivables Related Terms

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Great Canadian Gaming (Great Canadian Gaming) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Great Canadian Gaming Corp (OTCPK:GCGMF) » Definitions » Change In Receivables

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Address

39 Wynford Drive, North York, ON, CAN, M3C 3K5

Website

https://www.gcgaming.com

Great Canadian Gaming Corp is a gambling, entertainment, and hospitality company that operates throughout Canada. The company's operations are divided into three segments based on geography: Ontario, British Columbia, and Atlantic. The company generates over half of its revenue from the Ontario region. Great Canadian Gaming Corp offerings include casinos with slot machines, table games, and food and beverage; outdoor horse racing tracks; and hotels, community gaming spots, and related hospitality facilities.

Great Canadian Gaming (Great Canadian Gaming) Headlines

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