BlueBet Holdings (ASX:BBT) Accounts Receivable : A$0.53 Mil (As of Dec. 2023)

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What is BlueBet Holdings Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. BlueBet Holdings's accounts receivables for the quarter that ended in Dec. 2023 was A$0.53 Mil.

Accounts receivable can be measured by Days Sales Outstanding. BlueBet Holdings's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 3.46.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. BlueBet Holdings's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was A$-0.07.

BlueBet Holdings Accounts Receivable Historical Data

The historical data trend for BlueBet Holdings'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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BlueBet Holdings Accounts Receivable Chart

BlueBet Holdings Annual Data

Trend

Jun22

Jun23

Accounts Receivable

0.11

0.22

BlueBet Holdings Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Receivable	Get a 7-Day Free Trial			0.07	0.11	0.47	0.22	0.53

BlueBet Holdings Accounts Receivable Calculation

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

BlueBet Holdings 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.

BlueBet Holdings's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.528	/	27.817	*	91
=	3.46

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

BlueBet Holdings's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 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)
=	(8.567	+	0.75 * 0.528	+	0.5 * 0	-	23.132
-	0	-	0)	/	201.099
=	-0.07

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.

BlueBet Holdings Accounts Receivable Related Terms

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BlueBet Holdings (ASX:BBT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » BlueBet Holdings Ltd (ASX:BBT) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

8 Spring Street, Level 9, Sydney, NSW, AUS, 2000

Website

https://www.bluebet.com.au

BlueBet Holdings Ltd is engaged in providing sports and race betting services in Australia. Its main product line includes sports, horse racing, greyhound racing, harness racing, and on-track bets. The company generates its income from wagering revenue.

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