Akazoo (Akazoo) Accounts Receivable : $53.48 Mil (As of Sep. 2019)

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What is Akazoo Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Akazoo's accounts receivables for the quarter that ended in Sep. 2019 was $53.48 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Akazoo's Days Sales Outstanding for the quarter that ended in Sep. 2019 was 126.76.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Akazoo's Net-Net Working Capital per share for the quarter that ended in Sep. 2019 was $1.16.

Akazoo Accounts Receivable Historical Data

The historical data trend for Akazoo'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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Akazoo Accounts Receivable Chart

Akazoo Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Accounts Receivable

Akazoo Quarterly Data
	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19
Accounts Receivable	Get a 7-Day Free Trial										-	-	-	-	53.48

Akazoo Accounts Receivable Calculation

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

Akazoo 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.

Akazoo's Days Sales Outstanding for the quarter that ended in Sep. 2019 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	53.482	/	38.501	*	91
=	126.76

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

Akazoo's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2019 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)
=	(50.089	+	0.75 * 53.482	+	0.5 * 0	-	32.794
-	0	-	-0.01)	/	49.6352
=	1.16

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.

Akazoo Accounts Receivable Related Terms

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Akazoo (Akazoo) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Akazoo SA (NAS:SONG) » Definitions » Accounts Receivable

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Traded in Other Exchanges

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Address

19 Rue de Bitbourg, Luxembourg, LUX, L-1273

Website

https://www.akazoo.com

Akazoo SA operates as a technology company. It offers on-demand music and audio streaming, media and AI technology. The Firm provides its subscribers unlimited online and offline music streaming access to a catalogue of songs on an ad-free basis. The company uses patented AI technology for music recommendations and offers online and offline listening.