Planet Labs PBC (Planet Labs PBC) Accounts Receivable : $43.3 Mil (As of Jan. 2024)

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What is Planet Labs PBC Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Planet Labs PBC's accounts receivables for the quarter that ended in Jan. 2024 was $43.3 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Planet Labs PBC's Days Sales Outstanding for the quarter that ended in Jan. 2024 was 67.17.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Planet Labs PBC's Net-Net Working Capital per share for the quarter that ended in Jan. 2024 was $0.51.

Planet Labs PBC Accounts Receivable Historical Data

The historical data trend for Planet Labs PBC'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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Planet Labs PBC Accounts Receivable Chart

Planet Labs PBC Annual Data

Trend

Jan20

Jan21

Jan22

Jan23

Jan24

Accounts Receivable

27.73

47.11

44.37

38.95

43.32

Planet Labs PBC Quarterly Data
	Jan20	Jul20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Accounts Receivable	Get a 7-Day Free Trial										38.95	39.07	40.35	45.15	43.32

Planet Labs PBC Accounts Receivable Calculation

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

Planet Labs PBC 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.

Planet Labs PBC's Days Sales Outstanding for the quarter that ended in Jan. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	43.32	/	58.852	*	91
=	67.17

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

Planet Labs PBC's Net-Net Working Capital Per Share for the quarter that ended in Jan. 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)
=	(298.907	+	0.75 * 43.32	+	0.5 * 0	-	183.979
-	0	-	0)	/	289.275
=	0.51

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.

Planet Labs PBC Accounts Receivable Related Terms

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Planet Labs PBC (Planet Labs PBC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Planet Labs PBC (NYSE:PL) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

645 Harrison Street, 4th Floor, San Francisco, CA, USA, 94107

Website

https://www.planet.com

Planet Labs PBC is an Earth-imaging company. The company provides daily satellite data that helps businesses, governments, researchers, and journalists understand the physical world and take action.

Executives

Ashley F. Johnson	officer: See Remarks	C/O PLANET LABS PBC, 645 HARRISON STREET, FLOOR 4, SAN FRANCISCO CA 94107
William Spencer Marshall	director, officer: See Remarks	C/O PLANET LABS PBC, 645 HARRISON STREET, FLOOR 4, SAN FRANCISCO CA 94107
Kevin Weil	officer: President, Product & Business	C/O PLANET LABS PBC,, 645 HARRISON STREET, FLOOR 4, SAN FRANCISCO CA 94107
Kristen Robinson	director	2101 WEBSTER STREET #1650, OAKLAND CA 94612
Masi Niccolo De	director, officer: Chief Executive Officer	500 HOWARD ST., SUITE 300, SAN FRANCISCO CA 94105
Ita M Brennan	director	5453 GREAT AMERICA PARKWAY, SANTA CLARA CA 95054
Xxvi Holdings Inc.	10 percent owner	1600 AMPHITHEATRE PARKWAY, MOUNTAIN VIEW CA 94043
Vijaya Gadde	director	C/O TWITTER INC, 1355 MARKET STREET SUITE 900, SAN FRANCISCO CA 94103
Roizen Jo Ann Heidi	director
Carl Bass	director	C/O AUTODESK INC, 111 MELNNIS PARKWAY, SAN RAFAEL CA 94903
Alphabet Inc.	10 percent owner	1600 AMPHITHEATRE PARKWAY, MOUNTAIN VIEW CA 94043
Google Llc	10 percent owner	1600 AMPHITHEATRE PARKWAY, MOUNTAIN VIEW CA 94043
Robert H Schingler	director, officer: See Remarks	C/O PLANET LABS PBC, 645 HARRISON STREET, FLOOR 4, SAN FRANCISCO CA 94107
Darla Anderson	director	C/O GLU MOBILE INC., 875 HOWARD STREET, SUITE 100, SAN FRANCISCO CA 94103
Dmy Sponsor Iv, Llc	director, 10 percent owner	1180 NORTH TOWN CENTER DRIVE, SUITE 100, LAS VEGAS NV 89144