NextNav (NextNav) Accounts Receivable : $2.33 Mil (As of Dec. 2023)

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What is NextNav Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. NextNav's accounts receivables for the quarter that ended in Dec. 2023 was $2.33 Mil.

Accounts receivable can be measured by Days Sales Outstanding. NextNav's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 176.59.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. NextNav's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $0.04.

NextNav Accounts Receivable Historical Data

The historical data trend for NextNav'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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NextNav Accounts Receivable Chart

NextNav Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

0.08

1.74

2.17

2.33

NextNav Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Accounts Receivable	Get a 7-Day Free Trial								2.17	1.19	1.83	2.74	2.33

NextNav Accounts Receivable Calculation

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

NextNav 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	2.332	/	1.205	*	91
=	176.59

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

NextNav'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)
=	(85.832	+	0.75 * 2.332	+	0.5 * 0	-	82.062
-	0	-	1.362)	/	111.132
=	0.04

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.

NextNav Accounts Receivable Related Terms

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NextNav (NextNav) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » NextNav Inc (NAS:NN) » Definitions » Accounts Receivable

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Traded in Other Exchanges

KK0:Germany

Address

1775 Tysons Boulevard, 5th Floor, McLean, VA, USA, 22102

Website

https://www.nextnav.com

NextNav Inc provides GPS service. The company NextNav TerraPoiNT system keeps critical infrastructure resilient with reliable Position, Navigation and Timing services in the absence of GPS.

Executives

David L. Knutson	officer: SVP, Operations & Deployment	1775 TYSONS BLVD., 5TH FLOOR, MCLEAN VA 22102
Sammaad Shams	officer: Corporate Controller	1775 TYSONS BLVD., 5TH FLOOR, MCLEAN VA 22102
Ganesh Pattabiraman	director, officer: CEO, President & Director	1775 TYSONS BLVD., 5TH FLOOR, MCLEAN VA 22102
Arun Raghupathy	officer: SVP, Engineering	1775 TYSONS BLVD., 5TH FLOOR, MCLEAN VA 22102
Robert Lantz	officer: General Counsel	C/O NEXTNAV INC., 1775 TYSONS BLVD., 5TH FLOOR, MCLEAN VA 22102
Bandel L Carano	director	525 UNIVERSITY AVENUE, SUITE 1300, PALO ALTO CA 94301
Gary Parsons	director	1775 TYSONS BLVD., 5TH FLOOR, MCLEAN VA 22102
Alan B Howe	director	1155 KAS DRIVE SUITE 100, RICHARDSON TX 75081
Peter D Aquino	director	MOTIENT CORP, 300 KNIGHTBRIDGE PARKWAY, LINCOLNSHIRE IL 60069
Neil S Subin	director	2336 S.E. OCEAN BOULEVARD, #400, STUART FL 34996
Christian D. Gates	officer: Chief Financial Officer	1775 TYSONS BLVD., 5TH FLOOR, MCLEAN VA 22102
Wocap Global Opportunity Investment Partners, L.p.	10 percent owner	2802 TIMMONS LANE, #27440, HOUSTON TX 77227
Roderick M. Forrest	10 percent owner	VICTORIA PLACE, 31 VICTORIA STREET, HAMILTON D0 HM 10
Edward Neil Halliday	10 percent owner	VICTORIA PLACE, 31 VICTORIA STREET, HAMILTON D0 HM 10
Tivin Turchiaro	10 percent owner	VICTORIA PLACE, 31 VICTORIA STREET, HAMILTON D0 HM 10