GameStop Corp. (NYSE:GME)

This company has been moved to the archive! The financial data has not been updated since June 11, 2024.

Analysis of Bad Debts

Allowance for doubtful accounts receivable (bad debts) is a contra account which reduce the balance of the company gross accounts receivable. The relationship between the allowance and the balance in receivables should be relatively constant unless there is a change in the economy overall or a change in customer base.

Allowance for Doubtful Accounts Receivable

Allowance for Doubtful Accounts Receivable

	Feb 3, 2024	Jan 28, 2023	Jan 29, 2022	Jan 30, 2021	Feb 1, 2020	Feb 2, 2019
Selected Financial Data (US$ in thousands)
Allowance	4,400)	2,200)	3,300)	3,600)	13,200)	4,000)
Receivables, gross	95,400)	156,100)	144,400)	108,900)	155,100)	138,200)
Financial Ratio
Allowance as a percentage of receivables, gross¹	4.61%	1.41%	2.29%	3.31%	8.51%	2.89%

Based on: 10-K (reporting date: 2024-02-03), 10-K (reporting date: 2023-01-28), 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02).

¹ 2024 Calculation
Allowance as a percentage of receivables, gross = 100 × Allowance ÷ Receivables, gross
= 100 × 4,400 ÷ 95,400 = 4.61%

Financial ratio	Description	The company
Allowance as a percentage of receivables, gross	Allowance for doubtful accounts divided by the gross accounts receivable.	GameStop Corp. allowance as a percentage of receivables, gross decreased from 2022 to 2023 but then increased from 2023 to 2024 exceeding 2022 level.