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i3 Verticals (i3 Verticals) Accounts Receivable : $66.5 Mil (As of Mar. 2024)


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What is i3 Verticals Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. i3 Verticals's accounts receivables for the quarter that ended in Mar. 2024 was $66.5 Mil.

Accounts receivable can be measured by Days Sales Outstanding. i3 Verticals's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 64.22.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. i3 Verticals's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $-23.97.


i3 Verticals Accounts Receivable Historical Data

The historical data trend for i3 Verticals'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.

i3 Verticals Accounts Receivable Chart

i3 Verticals Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Accounts Receivable
Get a 7-Day Free Trial 15.34 17.54 38.50 53.33 65.11

i3 Verticals 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 56.95 60.78 65.11 68.23 66.54

i3 Verticals Accounts Receivable Calculation

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


i3 Verticals 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.

i3 Verticals's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=66.539/94.542*91
=64.22

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), i3 Verticals's accounts receivable are only considered to be worth 75% of book value:

i3 Verticals'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)
=(3.139+0.75 * 66.539+0.5 * 3.978-519.442
-0-96.823)/23.4165
=-23.97

* 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.


i3 Verticals Accounts Receivable Related Terms

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i3 Verticals (i3 Verticals) Business Description

Traded in Other Exchanges
Address
40 Burton Hills Boulevard, Suite 415, Nashville, TN, USA, 37215
i3 Verticals Inc offers integrated payment and software solutions to small and medium-sized businesses and organizations in strategic vertical markets. Its operating segment includes Merchant Services and Software and Services. The company generates maximum revenue from the Software and Services segment. The company's strategic vertical market includes schools, the public sector, not-for-profit organizations, healthcare and others. It provides various solutions such as, gateway, payment processing, online payment, Document management, and ERP among others.
Executives
Timothy Mckenna director 40 BURTON HILLS BOULEVARD, SUITE 415, NASHVILLE TN 37215
Gregory S Daily director, 10 percent owner, officer: Chief Executive Officer 40 BURTON HILLS BOULEVARD, SUITE 415, NASHVILLE TN 37215
David K. Morgan director 40 BURTON HILLS BOULEVARD, SUITE 415, NASHVILLE TN 37215
Christopher Laisure officer: President - Public Sector 40 BURTON HILLS BLVD., SUITE 415, NASHVILLE TN 37215
Paul Christians officer: Chief Operating Officer 40 BURTON HILLS BLVD., SUITE 415, NASHVILLE TN 37215
Pete Panagakis officer: Chief Technology Officer 40 BURTON HILLS BLVD., SUITE 415, NASHVILLE TN 37215
Robert Bertke officer: Chief Technology Officer 40 BURTON HILLS BOULEVARD, SUITE 415, NASHVILLE TN 37215
Decosta Jenkins director 150 THIRD AVENUE SOUTH STE 900, NASHVILLE TN 37201
Frederick Stanford officer: President 40 BURTON HILLS BOULEVARD, SUITE 415, NASHVILLE TN 37215
Geoffrey C. Smith officer: VP of Finance 40 BURTON HILLS BLVD., SUITE 415, NASHVILLE TN 37215
Robert Burton Harvey director 40 BURTON HILLS BOULEVARD, SUITE 415, NASHVILLE TN 37215
John C. Harrison director 40 BURTON HILLS BOULEVARD, SUITE 415, NASHVILLE TN 37215
David M Wilds director, 10 percent owner 40 BURTON HILLS BOULEVARD, SUITE 415, NASHVILLE TN 37215
David Scott Meriwether officer: SVP - Finance 40 BURTON HILLS BOULEVARD, SUITE 415, NASHVILLE TN 37215
First Avenue Partners Ii Lp 10 percent owner C/O I3 VERTICALS, INC., 40 BURTON HILLS BLVD., SUITE 415, NASHVILLE TN 37215