Bakkt Holdings (Bakkt Holdings) Accounts Receivable : $37 Mil (As of Mar. 2024)

View and export this data going back to 2021. Start your Free Trial

What is Bakkt Holdings Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Bakkt Holdings's accounts receivables for the quarter that ended in Mar. 2024 was $37 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Bakkt Holdings's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 3.97.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Bakkt Holdings's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $-241.11.

Bakkt Holdings Accounts Receivable Historical Data

The historical data trend for Bakkt Holdings'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.

Bakkt Holdings Accounts Receivable Chart

Bakkt Holdings Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

5.66

11.40

25.31

29.66

Bakkt Holdings Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Accounts Receivable	Get a 7-Day Free Trial									19.07	21.02	21.70	29.66	37.16

Bakkt Holdings Accounts Receivable Calculation

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

Bakkt Holdings 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	37.157	/	854.582	*	91
=	3.97

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

Bakkt Holdings'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)
=	(74.612	+	0.75 * 37.157	+	0.5 * 0	-	1444.648
-	0	-	73.9)	/	5.87308
=	-241.11

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.

Bakkt Holdings Accounts Receivable Related Terms

Thank you for viewing the detailed overview of Bakkt Holdings's Accounts Receivable provided by GuruFocus.com. Please click on the following links to see related term pages.

Bakkt Holdings (Bakkt Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Bakkt Holdings Inc (NYSE:BKKT) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

10000 Avalon Boulevard, Suite 1000, Alpharetta, GA, USA, 30009

Website

https://www.bakkt.com

Bakkt Holdings Inc operates technology that connects the digital economy by offering a platform for crypto and redeeming loyalty points. Its institutional-grade technology platform provides a custody solution that caters to more experienced market participants to store crypto and provides consumers, businesses, and institutions with the ability to buy, sell and store crypto in a simple, intuitive digital experience accessed via application programming interfaces (APIs) or embedded web experience, and Loyalty offers a full spectrum of content that clients can make available to its customers when redeeming loyalty currencies. It generates revenue in the form of Subscription and service and Transaction revenue.

Executives

Vpc Impact Acquisition Holdings Sponsor, Llc	director, 10 percent owner, other: See Remarks	150 NORTH RIVERSIDE PLAZA, SUITE 5200, CHICAGO IL 60606
Sean Roberts Collins	director	C/O BAKKT HOLDINGS, INC., 10000 AVALON BOULEVARD, SUITE 1000, ALPHARETTA GA 30009
Marc D'annunzio	officer: General Counsel & Secretary	C/O BAKKT HOLDINGS, INC., 10000 AVALON BOULEVARD, SUITE 1000, ALPHARETTA GA 30009
Mark Sonbolian Elliot	officer: Chief Sales & Mktg Officer	C/O BAKKT HOLDINGS INC., 10000 AVALON BLVD., SUITE 1000, ALPHARETTA GA 30009
Michael Gavin Constantine	director, officer: Chief Executive Officer	C/O BAKKT HOLDINGS, INC., 10000 AVALON BOULEVARD, SUITE 1000, ALPHARETTA GA 30009
Karen Alexander	officer: Chief Accounting Officer	C/O BAKKT HOLDINGS, INC., 10000 AVALON BOULEVARD, SUITE 1000, ALPHARETTE GA 30009
Charles Goodroe	officer: Chief Accounting Officer	C/O BAKKT HOLDINGS INC., 10000 AVALON BLVD., SUITE 1000, ALPHARETTA GA 30009
Meredith Spatz	officer: Chief Customer Officer	C/O BAKKT HOLDINGS INC., 10000 AVALON BLVD., SUITE 1000, ALPHARETTA GA 30009
De'ana Dow	director	C/O BAKKT HOLDINGS, INC., 10000 AVALON BOULEVARD, SUITE 1000, ALPHARETTA GA 30009
Jill Simeone	director	C/O ETSY, 117 ADAMS STREET, BROOKLYN NY 11201
Nancy Gordon	officer: EVP Loyalty Rewards & Payments	C/O BAKKT HOLDINGS, INC., 5500 WINDWARD PKWY., SUITE 450, ALPHARETTA GA 30005
Andrew A Main	director	C/O BAKKT HOLDINGS, INC., 10000 AVALON BOULEVARD, SUITE 1000, ALPHARETTA GA 30009
Daniel O'prey	officer: EVP, Digital Assets	C/O BAKKT HOLDINGS, INC., 10000 AVALON BOULEVARD, SUITE 1000, ALPHARETTA GA 30009
Michael Leroy Lewis	officer: EVP Engineering & Operations	C/O BAKKT HOLDINGS, INC., 10000 AVALON BOULEVARD, SUITE 1000, ALPHARETTA GA 30009
Matthew Alan Johnson	officer: Chief Technology Officer	C/O BAKKT HOLDINGS, INC., 5500 WINDWARD PKWY., SUITE 450, ALPHARETTA GA 30005