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Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Purple Innovation's accounts receivables for the quarter that ended in Mar. 2024 was $27.7 Mil.
Accounts receivable can be measured by Days Sales Outstanding. Purple Innovation's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 21.09.
In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Purple Innovation's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $-2.10.
The historical data trend for Purple Innovation'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.
Purple Innovation Annual Data | |||||||||||||||||||
Trend | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | ||||||||||
Accounts Receivable | Get a 7-Day Free Trial | 28.69 | 29.11 | 25.43 | 34.57 | 37.80 |
Purple Innovation Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Accounts Receivable | Get a 7-Day Free Trial | 14.44 | 22.77 | 32.69 | 37.80 | 27.74 |
Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.
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.
Purple Innovation's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:
Days Sales Outstanding | |||||
= | Accounts Receivable | / | Revenue | * | Days in Period |
= | 27.742 | / | 120.033 | * | 91 |
= | 21.09 |
2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Purple Innovation's accounts receivable are only considered to be worth 75% of book value:
Purple Innovation'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) | ||
= | (34.477 | + | 0.75 * 27.742 | + | 0.5 * 72.028 | - | 316.412 |
- | 0 | - | 0.167) | / | 107.48 | ||
= | -2.10 |
* 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.
Thank you for viewing the detailed overview of Purple Innovation's Accounts Receivable provided by GuruFocus.com. Please click on the following links to see related term pages.
Jack Roddy | officer: Chief People Officer | C/O SEAWORLD ENTERTAINMENT, INC., 9205 SOUTH PARK CENTER LOOP, SUITE 400, ORLANDO FL 32819 |
Tricia Mcdermott | officer: Chief Legal Officer | C/O PURPLE INNOVATION, INC., 4100 NORTH CHAPEL RIDGE RD., SUITE 200, LEHI UT 84043 |
Todd E. Vogensen | officer: Chief Financial Officer | 11215 METRO PARKWAY, FORT MYERS FL 33966 |
Gary T Dicamillo | director | 888 WASHINGTON STREET, DEDHAM MA 02027 |
Douglas Scott Peterson | director | 4100 N. CHAPEL RIDGE ROAD, SUITE 200, LEHI UT 84043 |
Casey Kale Mcgarvey | officer: Chief Legal Officer and Sec. | 123 EAST 200 NORTH, ALPINE UT 84004 |
Jeffery Scott Kerby | officer: Chief of Owned Retail | 4100 N. CHAPEL RIDGE RD, SUITE 200, LEHI UT 84043 |
Seth Lane Darling | director | 4100 N. CHAPEL RIDGE RD, SUITE 200, LEHI UT 84043 |
R Carter Pate | director | 5739 WORTHAM LANE, DALLAS TX 75252 |
Robert Demartini | director, officer: Acting CEO | 102 WHITE PINE CANYON ROAD, PARK CITY UT 84060 |
Erika Serow | director | 4100 N. CHAPEL RIDGE ROAD, SUITE 200, LEHI UT 84043 |
Eric Scott Haynor | officer: Chief Operating Officer | 4100 N. CHAPEL RIDGE RD, SUITE 200, LEHI UT 84043 |
Coliseum Capital Management, Llc | director, 10 percent owner | 105 ROWAYTON AVENUE, ROWAYTON CT 06853 |
Keira Krausz | officer: Chief Marketing Officer | 4100 N. CHAPEL RIDGE RD, SUITE 200, LEHI UT 84043 |
Jeffrey Layne Hutchings | officer: Chief Innovation Officer | 4100 N. CHAPEL RIDGE RD, SUITE 200, LEHI UT 84043 |
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