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Getaround (Getaround) Accounts Receivable : $0.77 Mil (As of Mar. 2024)


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What is Getaround Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Getaround's accounts receivables for the quarter that ended in Mar. 2024 was $0.77 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Getaround's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 4.08.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Getaround's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $-1.78.


Getaround Accounts Receivable Historical Data

The historical data trend for Getaround'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.

Getaround Accounts Receivable Chart

Getaround Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Accounts Receivable
2.84 1.94 0.53 0.85

Getaround Quarterly Data
Dec20 Jun21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Accounts Receivable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.20 0.39 0.72 0.85 0.77

Getaround Accounts Receivable Calculation

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


Getaround 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.

Getaround's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0.768/17.156*91
=4.08

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

Getaround's Net-Net Working Capital Per Share for the quarter that ended in Mar. 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)
=(24.537+0.75 * 0.768+0.5 * 0-191.198
-0-0)/93.1051
=-1.78

* 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.


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.


Getaround Accounts Receivable Related Terms

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Getaround (Getaround) Business Description

Comparable Companies
Traded in Other Exchanges
N/A
Address
55 Green Street, San Francisco, CA, USA, 94111
Getaround Inc operates as a developer of a carsharing platform designed to instantly access and drive cars shared by people. The company's platform provides users with simple on-demand car rentals. Getaround's on-demand technology enables a contactless experience no waiting in line at a car rental facility, manually completing paperwork, or meeting anyone to collect or drop off car keys.
Executives
Kasra Sy Fahimi officer: Chief Operating Officer C/O GETAROUND, INC., 55 GREEN STREET, SAN FRANCISCO CA 94111
Thomas W. Alderman officer: Chief Financial Officer C/O GETAROUND, INC., 55 GREEN STREET, SAN FRANCISCO CA 94111
Samir M. Zaid director, officer: CEO & Chairman of the Board C/O GETAROUND, INC., 55 GREEN STREET, SAN FRANCISCO CA 94111
Neil S Suslak director C/O GETAROUND, INC., 55 GREEN STREET, SAN FRANCISCO CA 94111
Spencer D. Jackson officer: General Counsel & Secretary C/O OOMA, INC., 1880 EMBARCADERO ROAD, PALO ALTO CA 94303
Mudrick Distressed Opportunity Drawdown Fund Ii Sc, L.p. 10 percent owner C/O MUDRICK CAPITAL MANAGEMENT, L.P., 527 MADISON AVENUE, 6TH FLOOR, NEW YORK NY 10022
Mudrick Distressed Opportunity Drawdown Fund Ii Gp, Llc 10 percent owner 527 MADISON AVENUE, 6TH FLOOR, NEW YORK NY 10022
Mudrick Distressed Opportunity 2020 Dislocation Fund, L.p. 10 percent owner C/O MUDRICK CAPITAL MANAGEMENT, L.P., 527 MADISON AVENUE, 6TH FLOOR, NEW YORK NY 10022
Mudrick Distressed Opportunity Sif Master Fund, L.p. 10 percent owner C/O MUDRICK CAPITAL MANAGEMENT, L.P., 527 MADISON AVENUE, 6TH FLOOR, NEW YORK NY 10022
Mudrick Opportunity Co-investment Fund, Lp 10 percent owner C/O MUDRICK CAPITAL MANAGEMENT, L.P., 527 MADISON AVENUE, 6TH FLOOR, NEW YORK NY 10022
Jeffrey Russakow director C/O GETAROUND, INC., 55 GREEN STREET, SAN FRANCISCO CA 94111
Bruno Bowden director C/O GETAROUND, INC., 55 GREEN STREET, SAN FRANCISCO CA 94111
Svf Fetch (cayman) Ltd 10 percent owner C/O WALKERS CORP LTD., 190 ELGIN AVENUE, GEORGE TOWN, GRAND CAYMAN E9 KY1-9008
Svf Sync Holdings (cayman) Ltd 10 percent owner C/O WALKERS CORP LTD., 190 ELGIN AVENUE, GEORGE TOWN, GRAND CAYMAN E9 KY1-9008
Mudrick Stressed Credit Master Fund, L.p. 10 percent owner 527 MADISON AVENUE, 6TH FLOOR, NEW YORK NY 10022