BurgerFi International (BurgerFi International) Accounts Receivable : $1.4 Mil (As of Dec. 2023)

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What is BurgerFi International Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. BurgerFi International's accounts receivables for the quarter that ended in Dec. 2023 was $1.4 Mil.

Accounts receivable can be measured by Days Sales Outstanding. BurgerFi International's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 3.01.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. BurgerFi International's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-7.16.

BurgerFi International Accounts Receivable Historical Data

The historical data trend for BurgerFi International'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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BurgerFi International Accounts Receivable Chart

BurgerFi International Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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0.52

0.72

1.69

1.93

1.37

BurgerFi International 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															1.93	1.97	1.46	1.23	1.37

BurgerFi International Accounts Receivable Calculation

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

BurgerFi International 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	1.368	/	41.466	*	91
=	3.01

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

BurgerFi International'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)
=	(7.556	+	0.75 * 1.368	+	0.5 * 1.19	-	201.226
-	0	-	0)	/	26.8327
=	-7.16

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.

BurgerFi International Accounts Receivable Related Terms

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BurgerFi International (BurgerFi International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » BurgerFi International Inc (NAS:BFI) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

0LS:Germany

Address

200 West Cypress Creek Road, Suite 220, Fort Lauderdale, FL, USA, 33309

Website

https://www.burgerfi.com

BurgerFi International Inc operates a fast food restaurant chain in domestic and international market. The company has approximately 114 BurgerFi restaurants. It offers a classic American menu of premium burgers, hot dogs, crispy chicken, frozen custard, hand-cut fries, shakes, beer, wine, and more.

Executives

John Rosatti Revocable Trust	10 percent owner	U/A DTD 08/27/2001- CUSTODY, 101 US HIGHWAY 1, NORTH PALM BEACH FL 33408
Bachmann Carl J. Iii	officer: Chief Executive Officer	200 WEST CYPRESS CREEK RD., SUITE 220, FT LAUDERDALE FL 33309
Christopher Emlyn Jones	officer: Chief Financial Officer	205 S HOOVER BLVD STE 210, #210, TAMPA FL 33609
Shehzaan Chunara	10 percent owner	2199 GLENMORE LANE, SNELLVILLE GA 30078
Cg2 Capital Llc	10 percent owner	2199 GLENMORE LANE, SNELLVILLE GA 30078
John Iannucci	officer: Chief Operating Officer	200 WEST CYPRESS CREEK RD., SUITE 220, FT LAUDERDALE FL 33309
David Heidecorn	director	599 W. PUTNAM AVENUE, GREENWICH CT 06830
Lionheart Equities, Llc	10 percent owner	C/O LIONHEART CAPITAL, LLC, 4218 NE 2ND AVENUE, MIAMI FL 33137
Cp7 Warming Bag, L.p.	10 percent owner	599 WEST PUTNAM AVENUE, GREENWICH CT 06830
Ophir Sternberg	10 percent owner	C/O OPES ACQUISITION CORP., JAVIER BARROS SIERRA 540, OF. 103, MEXICO CITY O5 01210
Stefan Kurt Schnopp	officer: See Remarks	105 U.S. HIGHWAY 1, NORTH PALM BEACH FL 33408
Michelle Zavolta	officer: Chief People Officer	105 US HIGHWAY 1, NORTH PALM BEACH FL 33408
Patrick Renna	officer: ACFP Brand - President	105 US HIGHWAY 1, NORTH PALM BEACH FL 33408
Ian Baines	director, officer: President and CEO	6820 LBJ FREEWAY, DALLAS TX 75240
Andrew Craig Taub	director	599 WEST PUTNAM AVENUE, GREENWICH CT 06830