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Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Progress Acquisition's accounts receivables for the quarter that ended in Sep. 2022 was $0.00 Mil.
Accounts receivable can be measured by Days Sales Outstanding.
In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Progress Acquisition's Net-Net Working Capital per share for the quarter that ended in Sep. 2022 was $N/A.
The historical data trend for Progress Acquisition'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.
Progress Acquisition Annual Data | |||||
Trend | Dec20 | Dec21 | |||
Accounts Receivable | - | - |
Progress Acquisition Quarterly Data | ||||||||
Oct20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | |
Accounts Receivable | Get a 7-Day Free Trial | - | - | - | - | - |
Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.
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.
Progress Acquisition's Days Sales Outstanding for the quarter that ended in Sep. 2022 is calculated as:
Days Sales Outstanding | |||||
= | Accounts Receivable | / | Revenue | * | Days in Period |
= | 0 | / | 0 | * | 91 |
= |
2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Progress Acquisition's accounts receivable are only considered to be worth 75% of book value:
Progress Acquisition's Net-Net Working Capital Per Share for the quarter that ended in Sep. 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) | ||
= | (0.021 | + | 0.75 * 0 | + | 0.5 * 0 | - | 1.123 |
- | 0 | - | 0) | / | 0 | ||
= | N/A |
* 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.
Thank you for viewing the detailed overview of Progress Acquisition's Accounts Receivable provided by GuruFocus.com. Please click on the following links to see related term pages.
Rcg Lv Pearl Llc | 10 percent owner | 599 LEXINGTON AVENUE, NEW YORK NY 10022 |
Cowen Inc. | 10 percent owner | 599 LEXINGTON AVENUE, 20TH FLOOR, NEW YORK NY 10022 |
Jeffrey A Altman | 10 percent owner | 640 FIFTH AVENUE, 20TH FLOOR, NEW YORK NY 10019 |
Owl Creek Asset Management, L.p. | 10 percent owner | 640 FIFTH AVENUE, 20TH FLOOR, NEW YORK NY 10019 |
Cowen Holdings, Inc. | 10 percent owner | 1221 AVENUE OF THE AMERICAS, NEW YORK NY 10020 |
Cowen And Company, Llc | 10 percent owner | 599 LEXINGTON AVENUE, 20TH FLOOR, NEW YORK NY 10022 |
Isos Sponsor Iii Llc | other: Member of sponsor | 55 POST ROAD W, SUITE 200, WESTPORT CT 06880 |
Winston Meade | officer: Chief Strategy Officer | 55 POST ROAD W, SUITE 200, WESTPORT CT 06880 |
George A. Barrios | officer: Co-President of Issuer | C/O 1241 EAST MAIN STREET, STAMFORD CT 06902 |
Michelle D Wilson | officer: Co-President of Issuer | C/O WORLD WRESTLING ENTERTAINMENT, INC., 1241 EAST MAIN STREET, STAMFORD CT 06902 |
Luisa Ingargiola | director | 4826 BLUE JAY CIRCLE, PALM HARBOR FL 34683 |
Sanjay Puri | director | 50 MILK STREET, 16TH FLOOR, BOSTON MA 02109 |
Richard Battista | director | C/O LODGENET INTERACTIVE CORPORATION, 3900 WEST INNOVATION STREET, SIOUX FALLS SD 57107-7002 |
David J Arslanian | 10 percent owner, officer: President | 76 SUMMER ST. 5TH FLOOR, BOSTON MA 02110 |
Progress Capital I, Llc | 10 percent owner | 50 MILK STREET, 16TH FLOOR, BOSTON MA 02109 |
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