Vivid Seats (Vivid Seats) Accounts Receivable : $69.6 Mil (As of Mar. 2024)

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What is Vivid Seats Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Vivid Seats's accounts receivables for the quarter that ended in Mar. 2024 was $69.6 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Vivid Seats's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 33.30.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Vivid Seats's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $-9.17.

Vivid Seats Accounts Receivable Historical Data

The historical data trend for Vivid Seats'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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Vivid Seats Accounts Receivable Chart

Vivid Seats Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

25.00

35.25

36.12

36.53

58.48

Vivid Seats Quarterly Data
	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Accounts Receivable	Get a 7-Day Free Trial												46.53	46.30	64.83	58.48	69.65

Vivid Seats Accounts Receivable Calculation

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

Vivid Seats 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.

Vivid Seats's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	69.649	/	190.852	*	91
=	33.30

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

Vivid Seats's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2024 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)
=	(154.028	+	0.75 * 69.649	+	0.5 * 29.505	-	993.101
-	0	-	456.588)	/	134.042
=	-9.17

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.

Vivid Seats Accounts Receivable Related Terms

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Vivid Seats (Vivid Seats) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Vivid Seats Inc (NAS:SEAT) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

24 E. Washington Street, Suite 900, Chicago, IL, USA, 60602

Website

https://www.vividseats.com

Vivid Seats Inc is an online ticket marketplace for connecting fans to live events and artists. It is the official ticketing partner of brands in the entertainment industry providing tickets for sports, concerts, theatres, and comedy. It operates in two segments namely marketplace and resale.

Executives

Edward Pickus	officer: Chief Accounting Officer	C/O VIVID SEATS INC., 111 N. CANAL STREET, SUITE 800, CHICAGO IL 60606
Jonathan Miles Wagner	officer: Chief Technology Officer	C/O VIVID SEATS INC., 111 N. CANAL STREET, SUITE 800, CHICAGO IL 60606
Riva Bakal	officer: SVP, Strategy & Product	C/O VIVID SEATS INC., 111 N. CANAL STREET, SUITE 800, CHICAGO IL 60606
Hoya Topco, Llc	10 percent owner	C/O KIRKLAND & ELLIS LLP, 555 CALIFORNIA STREET, SUITE 2700, SAN FRANCISCO CA 94104
Emily T Epstein	officer: General Counsel	101 MERRITT 7, NORWALK CT 06851
Craig A. Dixon	director	C/O VIVID SEATS INC., 111 N. CANAL STREET, SUITE 800, CHICAGO IL 60606
David E. Morris	officer: General Counsel	C/O VIVID SEATS INC., 111 N. CANAL STREET, SUITE 800, CHICAGO IL 60606
Sbt Investors Llc	10 percent owner	600 STEAMBOAT ROAD, SUITE 200, GREENWICH CT 06830
Todd L Boehly	director, 10 percent owner	600 STEAMBOAT ROAD, GREENWICH CT 06830
Eldridge Industries, Llc	10 percent owner	600 STEAMBOAT ROAD, GREENWICH CT 06830
Horizon Sponsor, Llc	10 percent owner	600 STEAMBOAT ROAD, SUITE 200, GREENWICH CT 06830
Jane E. Deflorio	director	3000 N.W. 107TH AVENUE, MIAMI FL 33172
Post Portfolio Trust, Llc	10 percent owner	600 STEAMBOAT ROAD, SUITE 200, GREENWICH CT 06830
Security Benefit Life Insurance Co /ks/	10 percent owner	ONE SECURITY BENEFIT PLACE, TOPEKA KS 66636-0001
Julie D. Masino	director	C/O VIVID SEATS INC., 111 N. CANAL STREET, SUITE 800, CHICAGO IL 60606