Pagaya Technologies (Pagaya Technologies) Accounts Receivable : $79.5 Mil (As of Dec. 2023)

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What is Pagaya Technologies Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Pagaya Technologies's accounts receivables for the quarter that ended in Dec. 2023 was $79.5 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Pagaya Technologies's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 34.49.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Pagaya Technologies's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-6.45.

Pagaya Technologies Accounts Receivable Historical Data

The historical data trend for Pagaya Technologies'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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Pagaya Technologies Accounts Receivable Chart

Pagaya Technologies Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

12.81

32.33

59.22

79.53

Pagaya Technologies Quarterly Data
	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Accounts Receivable	Get a 7-Day Free Trial							59.22	58.47	68.03	67.46	79.53

Pagaya Technologies Accounts Receivable Calculation

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

Pagaya Technologies 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	79.526	/	210.428	*	91
=	34.49

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

Pagaya Technologies'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)
=	(188.968	+	0.75 * 79.526	+	0.5 * 0	-	542.627
-	0	-	106.028)	/	62.0432
=	-6.45

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.

Pagaya Technologies Accounts Receivable Related Terms

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Pagaya Technologies (Pagaya Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Pagaya Technologies Ltd (NAS:PGY) » Definitions » Accounts Receivable

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Traded in Other Exchanges

N/A

Address

Derech Menachem Begin 121, Azrieli Sarona Building, 54th Floor, Tel-Aviv, ISR, 6701203

Website

https://www.pagaya.com

Pagaya Technologies Ltd is a financial technology company working to reshape the lending marketplace by using machine learning, big data analytics, and sophisticated AI-driven credit and analysis technology. It was built to provide a comprehensive solution to enable the credit industry to deliver customers a positive experience while simultaneously enhancing the broader credit ecosystem. Its proprietary API seamlessly integrates into its next-gen infrastructure network of partners to deliver a premium customer user experience and greater access to credit.