Akazoo (Akazoo) Change In Receivables : $0.00 Mil (TTM As of Sep. 2019)

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What is Akazoo Change In Receivables?

Akazoo's change in receivables for the quarter that ended in Sep. 2019 was $0.00 Mil. It means Akazoo's Accounts Receivable stayed the same from Jun. 2019 to Sep. 2019 .

Akazoo's change in receivables for the fiscal year that ended in Mar. 2018 was $0.00 Mil. It means Akazoo's Accounts Receivable stayed the same from Mar. 2017 to Mar. 2018 .

Akazoo's Accounts Receivable for the quarter that ended in Sep. 2019 was $53.48 Mil.

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 Receivable are being managed. Akazoo's Days Sales Outstanding for the three months ended in Sep. 2019 was 126.76.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Akazoo's liquidation value for the three months ended in Sep. 2019 was $57.41 Mil.

Akazoo Change In Receivables Historical Data

The historical data trend for Akazoo's Change In Receivables 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 Change In Receivables Chart

Akazoo Annual Data

Trend

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Change In Receivables

Akazoo Quarterly Data
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Akazoo Change In Receivables Calculation

Change In Accounts Receivable relative to the previous period. It is any increase or decrease in the cash a company is owed by its customers.

Change In Receivables for the trailing twelve months (TTM) ended in Sep. 2019 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.00 Mil.

Akazoo (NAS:SONG) Change In Receivables 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 Receivable 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 liquidation value, Akazoo's accounts receivable are only considered to be worth 75% of book value:

Akazoo's liquidation value for the quarter that ended in Sep. 2019 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	50.089	-	32.794	+	0.75 * 53.482	+	0.5 * 0
=	57.41

Akazoo Change In Receivables Related Terms

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Akazoo (Akazoo) Business Description

Industry

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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.