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Surgepays (Surgepays) Accounts Receivable : $9.5 Mil (As of Dec. 2023)


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What is Surgepays Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Surgepays's accounts receivables for the quarter that ended in Dec. 2023 was $9.5 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Surgepays's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 26.92.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Surgepays's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $0.88.


Surgepays Accounts Receivable Historical Data

The historical data trend for Surgepays'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.

Surgepays Accounts Receivable Chart

Surgepays Annual Data
Trend Apr14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.06 0.18 3.25 9.23 9.54

Surgepays Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 9.23 9.66 10.29 9.77 9.54

Surgepays Accounts Receivable Calculation

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


Surgepays 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.

Surgepays's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=9.536/32.318*91
=26.92

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

Surgepays's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 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)
=(14.622+0.75 * 9.536+0.5 * 9.047-13.522
-0-0.154)/14.4033
=0.88

* 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.


Surgepays Accounts Receivable Related Terms

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Surgepays (Surgepays) Business Description

Traded in Other Exchanges
Address
3124 Brother Boulevard, Suite 104, Bartlett, TN, USA, 38133
Surgepays Inc is a fintech company focused on the underbanked community. It provides services to financial technology, telecommunications, and digital media companies. Its operating segment includes Surge Blockchain and Other; Surge Logics; TW and ECS (Electronic Check Services). The Company's blockchain platform utilizes a suite of financial and prepaid products to convert corner stores into tech hubs for underbanked neighbourhoods. The neighbourhood stores are profit partners that provide a multichannel distribution network for SurgePays.
Executives
Kevin Brian Cox director, 10 percent owner, officer: CHIEF EXECUTIVE OFFICER 3124 BROTHER BLVD, STE. 104, BARTLETT W6 38133
Laurie Weisberg director C/O JERRICK MEDIA HOLDINGS, INC., 2050 CENTER AVENUE, SUITE 640, FORT LEE NJ 07024
Richard Earl Schurfeld director 1600 MADISON AVENUE, 4TH FLOOR, TOLEDO OH 43604
John Mott officer: CHIEF TECHNOLOGY OFFICER 890 W, HILLWOOD DM, NASHVILLE TN 37205
David Allen May director 12131 BROOKS RIVER DR, ARLINGTON TN 38002
Nuzzo Anthony P. Jr director, officer: President and COO 3124 BROTHER BLVD, STE 104, BARTLETT TN 38133
Anthony Geogre Evers officer: Chief Financial Officer 701 ASHTON LANE, SOUTH ELGIN IL 60177
David N Keys director 3770 HOWARD HUGHES PARKWAY, STE 300, LAS VEGAS NV 89109
David C Ansani director 1375 VALLEY RD, BANNOCKBURN L3 60015
Campbell Ted Dudley Ii director PO BOX 1358, SPRING BRANCH TX 78070
Clinton W Coldren director, 10 percent owner, officer: PRESIDENT, CEO & CFO 1535 SONIAT ST.,, NEW ORLEANS LA 70115
Alan G Massara director 339 NORWOOD AVENUE, AVON BY THE SEA NJ 07717
Ross E Silvey director, officer: CEO and President 7633 EAST 63RD PLACE, #220, TULSA OK 74133
Vladimir Fedyunin director, 10 percent owner, officer: President, CEO and CFO PO BOX 158, LIONS BAY A1 VON 2E0