Payfare (FRA:S2R) Accounts Receivable : €6.3 Mil (As of Sep. 2024)

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What is Payfare Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Payfare's accounts receivables for the quarter that ended in Sep. 2024 was €6.3 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Payfare's Days Sales Outstanding for the quarter that ended in Sep. 2024 was 14.76.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Payfare's Net-Net Working Capital per share for the quarter that ended in Sep. 2024 was €-2.76.

Payfare Accounts Receivable Historical Data

The historical data trend for Payfare'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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Payfare Accounts Receivable Chart

Payfare Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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2.98

0.71

1.73

3.09

3.58

Payfare Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Accounts Receivable	Get a 7-Day Free Trial															2.10	3.58	2.99	2.82	6.34

Payfare Accounts Receivable Calculation

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

Payfare 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.

Payfare's Days Sales Outstanding for the quarter that ended in Sep. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	6.343	/	39.221	*	91
=	14.76

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

Payfare's Net-Net Working Capital Per Share for the quarter that ended in Sep. 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)
=	(49.655	+	0.75 * 6.343	+	0.5 * 0	-	186.927
-	0	-	0)	/	48.0799
=	-2.76

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.

Payfare Accounts Receivable Related Terms

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Payfare Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Payfare Inc (FRA:S2R) » Definitions » Accounts Receivable

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Traded in Other Exchanges

PYFRF:USA PAY:Canada

Address

550 Burrard Street, Suite 2300, Vancouver, BC, CAN, V6C 2B5

Website

https://corp.payfare.com

Payfare Inc is a fintech company offering digital banking, instant payment, and loyalty-reward solutions. Its financial technology platform is providing financial inclusion and empowerment to next-generation workers around the globe with a full-service mobile bank account and debit card with instant access to their earnings and relevant cash-back rewards. The brands that use Payfare include Lyft, Uber, and DoorDash. Geographically, the company derives its maximum revenue from the United States. The company operates in Canada and has subsidiaries in the United States and Mexico.

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