PAL (Proficient Auto Logistics) Accounts Receivable : $37.4 Mil (As of Dec. 2024)

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What is Proficient Auto Logistics Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Proficient Auto Logistics's accounts receivables for the quarter that ended in Dec. 2024 was $37.4 Mil.

Accounts receivable can be measured by Days Sales Outstanding.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Proficient Auto Logistics's Net-Net Working Capital per share for the quarter that ended in Dec. 2024 was $-4.65.

Proficient Auto Logistics Accounts Receivable Historical Data

The historical data trend for Proficient Auto Logistics'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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Proficient Auto Logistics Accounts Receivable Chart

Proficient Auto Logistics Annual Data

Trend

Dec22

Dec23

Dec24

Accounts Receivable

19.80

37.40

Proficient Auto Logistics Quarterly Data
	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Accounts Receivable	Get a 7-Day Free Trial			19.80	-	40.06	38.67	37.40

Proficient Auto Logistics Accounts Receivable Calculation

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

Proficient Auto Logistics 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.

Proficient Auto Logistics's Days Sales Outstanding for the quarter that ended in Dec. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	37.395	/	0	*	91
=

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

Proficient Auto Logistics's Net-Net Working Capital Per Share for the quarter that ended in Dec. 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)
=	(15.399	+	0.75 * 37.395	+	0.5 * 1.357	-	170.107
-	0	-	0)	/	27.069
=	-4.65

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.

Proficient Auto Logistics Accounts Receivable Related Terms

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Proficient Auto Logistics Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Proficient Auto Logistics Inc (NAS:PAL) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

12276 San Jose Boulevard, Suite 426, Jacksonville, FL, USA, 32223

Website

https://www.proautogistics.com

Proficient Auto Logistics Inc is a non-union, specialized freight company focused on providing auto transportation and logistics services. The company operates auto transportation fleets in North America based upon information obtained from the Auto Haulers Association of America, utilizing auto transport vehicles and trailers daily, including Company-owned transport vehicles and trailers. The reportable revenue categories of the company are Truckload and Brokerage. The company derives maximum revenue from the brokerage segment that retains the customer relationship, including billing and collection, and outsources the transportation of the loads to third-party carriers.