Cineworld Group (Cineworld Group) Accounts Receivable : $102 Mil (As of Jun. 2022)

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What is Cineworld Group Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Cineworld Group's accounts receivables for the quarter that ended in Jun. 2022 was $102 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Cineworld Group's Days Sales Outstanding for the quarter that ended in Jun. 2022 was 12.23.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Cineworld Group's Net-Net Working Capital per share for the quarter that ended in Jun. 2022 was $-22.12.

Cineworld Group Accounts Receivable Historical Data

The historical data trend for Cineworld Group'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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Cineworld Group Accounts Receivable Chart

Cineworld Group Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Accounts Receivable

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39.90

182.70

183.40

10.40

94.80

Cineworld Group Semi-Annual Data
	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22
Accounts Receivable	Get a 7-Day Free Trial															58.60	10.40	84.10	94.80	101.50

Cineworld Group Accounts Receivable Calculation

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

Cineworld Group 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.

Cineworld Group's Days Sales Outstanding for the quarter that ended in Jun. 2022 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	101.5	/	1515.1	*	91
=	12.23

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

Cineworld Group's Net-Net Working Capital Per Share for the quarter that ended in Jun. 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)
=	(130.6	+	0.75 * 101.5	+	0.5 * 25.6	-	10348.2
-	0	-	0)	/	457.81
=	-22.12

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.

Cineworld Group Accounts Receivable Related Terms

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Cineworld Group (Cineworld Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Cineworld Group PLC (OTCPK:CNWGQ) » Definitions » Accounts Receivable

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Traded in Other Exchanges

N/A

Address

Great West Road, 8th Floor, Vantage London, Brentford, GBR, TW8 9AG

Website

https://www.cineworldplc.com

Cineworld Group PLC is a diversified media company, which operates chains of movie theaters. Its business segments are the U.S., U.K., & Ireland and the rest of the world (ROW). Within each segment, it operates theaters through different brands. In the U.S., Cineworld owns cinema brands Regal, United Artists, and Edwards theaters. They operate out of Cineworld and Picturehouse in the U.K. and Ireland. Cineworld also owns Cinema City in Central and Eastern Europe and Yes Planet and Rav-Chen in Israel for its ROW segment. The company generates revenue through ticket sales and food, beverage, and merchandise sales. It also earns additional revenue through retail and screen advertising and property market and development. The company generates most of its revenue in the U.S.