Good Gamer Entertainment (TSXV:GOOD) Accounts Receivable : C$0.08 Mil (As of Dec. 2023)

View and export this data going back to 2021. Start your Free Trial

What is Good Gamer Entertainment Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Good Gamer Entertainment's accounts receivables for the quarter that ended in Dec. 2023 was C$0.08 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Good Gamer Entertainment's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 63.96.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Good Gamer Entertainment's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was C$-0.01.

Good Gamer Entertainment Accounts Receivable Historical Data

The historical data trend for Good Gamer Entertainment'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.

* Premium members only.

Good Gamer Entertainment Accounts Receivable Chart

Good Gamer Entertainment Annual Data

Trend

Dec20

Dec21

Mar22

Mar23

Accounts Receivable

0.04

Good Gamer Entertainment Quarterly Data
	Sep20	Dec20	Sep21	Dec21	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
Accounts Receivable	Get a 7-Day Free Trial					0.02	0.02	0.04	0.03	0.08

Good Gamer Entertainment Accounts Receivable Calculation

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

Good Gamer Entertainment 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.

Good Gamer Entertainment's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.075	/	0.107	*	91
=	63.96

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

Good Gamer Entertainment's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 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)
=	(0.185	+	0.75 * 0.075	+	0.5 * 0	-	0.692
-	0	-	0)	/	42.5828
=	-0.01

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.

Good Gamer Entertainment Accounts Receivable Related Terms

Thank you for viewing the detailed overview of Good Gamer Entertainment's Accounts Receivable provided by GuruFocus.com. Please click on the following links to see related term pages.

Good Gamer Entertainment (TSXV:GOOD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Good Gamer Entertainment Inc (TSXV:GOOD) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

GGAMF:USA

Address

700 W Pender Streets, Suite 1290, Vancouver, BC, CAN, V6B 2Z4

Website

https://www.goodgamer.ca

Good Gamer Entertainment Inc operates an online play-to-earn game discovery and entertainment platform in Canada and the United States. offers a premium real-money skill-based gaming tournament management platform that offers a win-win for gamers and developers. The Company will have the following reportable segments: display advertisements, non-fungible tokens (NFTs), search monetization, chrome extensions, corporate and development, tournament management platform (TMP), PlayCash, and Fantasy app. The majority of its revenue generates from the NFT segment. It also offers gamers the opportunity to play their favorite mobile games and win real cash prizes. Geographically it operates in USA and India.