Nerdy (NRDY) Accounts Receivable : $9.6 Mil (As of Mar. 2024)

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What is Nerdy Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Nerdy's accounts receivables for the quarter that ended in Mar. 2024 was $9.6 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Nerdy's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 16.36.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Nerdy's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $0.14.

Nerdy Accounts Receivable Historical Data

The historical data trend for Nerdy'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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Nerdy Accounts Receivable Chart

Nerdy Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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0.76

0.48

5.32

11.60

15.40

Nerdy Quarterly Data
	Dec18	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Accounts Receivable	Get a 7-Day Free Trial													6.33	5.17	8.24	15.40	9.63

Nerdy Accounts Receivable Calculation

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

Nerdy 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	9.632	/	53.727	*	91
=	16.36

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

Nerdy'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)
=	(76.96	+	0.75 * 9.632	+	0.5 * 0	-	36.17
-	0	-	32.368)	/	109.002
=	0.14

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.

Nerdy Accounts Receivable Related Terms

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Nerdy (NRDY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Nerdy Inc (NYSE:NRDY) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

101 S. Hanley Road, Suite 300, St. Louis, MO, USA, 63105

Website

https://www.nerdy.com

Nerdy Inc is a curated direct-to-consumer platform for live online learning. Its purpose-built proprietary platform leverages technology, including AI, to connect learners of all ages to experts, delivering superior value on both sides of the network. Its comprehensive learning destination provides learning experiences across various subjects and multiple formats including one-on-one instruction, small group classes, large format group classes, and adaptive self-study.

Executives

Jason H. Pello	officer: Chief Financial Officer	NERDY INC., 101 S. HANLEY RD., SUITE 300, ST. LOUIS MO 63105
Christopher C. Swenson	officer: Chief Legal Officer	NERDY INC., 101 S. HANLEY RD., SUITE 300, ST. LOUIS MO 63105
Charles K. Cohn	director, officer: Chief Executive Officer	NERDY INC., 101 S. HANLEY RD., SUITE 300, ST. LOUIS MO 63105
Heidi Robinson	officer: Chief Product Officer	NERDY INC., 101 S. HANLEY RD., SUITE 300, ST. LOUIS MO 63105
Tpg Gp A, Llc	director, 10 percent owner	301 COMMERCE STREET, SUITE 3300, FORT WORTH TX 76102
Light Street Mercury Master Fund, L.p.	10 percent owner	525 UNIVERSITY AVENUE, SUITE 300, PALO ALTO CA 94301
Stuart Udell	director	2300 CORPORATE PARK DRIVE, HERNDON VA 20171
Christopher P Marshall	director	250 MIDDLEFIELD RD, MENLO PARK CA 94025
Jon Winkelried	director, 10 percent owner	C/O GOLDMAN, SACHS & CO., 85 BROAD STREET, NEW YORK NY 10004
Gregory Mrva	officer: President	C/O CITADEL BROADCASTING CORPORATION, 7201 W. LAKE MEAD BLVD. 400, LAS VEGAS NV 89128
Technology Crossover Management Viii, Ltd.	10 percent owner, other: Member of a 13(d) group	C/O TECHNOLOGY CROSSOVER VENTURES, 250 MIDDLEFIELD ROAD, MENLO PARK CA 94025
Technology Crossover Manangement Viii, L.p.	10 percent owner, other: Member of a 13(d) group	528 RAMONA STREET, PALO ALTO CA 94301
Tcv Viii (a), L.p.	other: Member of a 13(d) group	528 RAMONA STREET, PALO ALTO CA 94301
Tcv Viii, L.p.	10 percent owner, other: Member of a 13(d) group	528 RAMONA STREET, PALO ALTO CA 94301
Catherine Beaudoin	director	NERDY INC., 101 S. HANLEY RD., SUITE 300, ST. LOUIS MO 63105