Snail (SNAL) Accounts Receivable : $9.96 Mil (As of Mar. 2024)

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What is Snail Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Snail's accounts receivables for the quarter that ended in Mar. 2024 was $9.96 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Snail's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 64.38.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Snail's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $-1.34.

Snail Accounts Receivable Historical Data

The historical data trend for Snail'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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Snail Accounts Receivable Chart

Snail Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

12.94

12.25

18.10

25.14

Snail Quarterly Data
	Dec19	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Accounts Receivable	Get a 7-Day Free Trial									6.99	4.96	15.68	25.14	9.96

Snail Accounts Receivable Calculation

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

Snail 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	9.96	/	14.116	*	91
=	64.38

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

Snail'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)
=	(16.069	+	0.75 * 9.96	+	0.5 * 0	-	78.158
-	0	-	-5.5)	/	36.7561
=	-1.34

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.

Snail Accounts Receivable Related Terms

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Snail (SNAL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Snail Inc (NAS:SNAL) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

12049 Jefferson Boulevard, Culver City, CA, USA, 90230

Website

https://www.snail.com

Snail Inc is a global independent developer and publisher of interactive digital entertainment for consumers around the world, with a premier portfolio of premium games designed for use on a variety of platforms, including consoles, PC's and mobile devices. Geographic presence of company is in United States and International majority of its revenue comes from United States.

Executives

Heidy Kingwan Chow	officer: Chief Financial Officer	92 KESTREL, IRVINE CA 92618
Neil Foster	director	320 W. 37TH STREET, 13TH FLOOR, NEW YORK NY 10018
Hai Shi	director	12049 JEFFERSON BOULEVARD, CULVER CITY CA 90230
Jim S. Tsai	officer: Chief Executive Officer	12049 JEFFERSON BOULEVARD, CULVER CITY CA 90230
Sandra Pundmann	director	12049 JEFFERSON BOULEVARD, CULVER CITY CA 90230
Peter Yung Kang	officer: Chief Operating Officer	12049 JEFFERSON BOULEVARD, CULVER CITY CA 90230
Ying Zhou	director	12049 JEFFERSON BOULEVARD, CULVER CITY CA 90230
Xiaoming Ye	10 percent owner	ROOM 1702, BUILDING 1, NO. 9 CUIWEI STREET, SUZHOU F4 215123
Qianrong Capital Ltd	10 percent owner	ROOM 1702, BUILDING 1, NO. 9 CUIWEI STREET, SUZHOU F4 215123
Suzhou Ding Rong Investment Management Ltd	10 percent owner	ROOM 1702, BUILDING 1, NO. 9 CUIWEI STREET, SUZHOU F4 215123
Hua Yuan International Ltd	10 percent owner	ROOM 8201, INTERNATIONAL COMMERCE CENTRE, 1 AUSTIN ROAD WEST, KOWLOON, HONG KONG K3 999077
Ancient Jade (east) Holdings Ltd	10 percent owner	FLOOR 12 - TOWER D, NO.1 XUANWUMENWAI ST, XICHENG DISTRICT, BEIJING F4 100000