Phunware (Phunware) Accounts Receivable : $0.64 Mil (As of Mar. 2024)

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What is Phunware Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Phunware's accounts receivables for the quarter that ended in Mar. 2024 was $0.64 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Phunware's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 63.11.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Phunware's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $1.50.

Phunware Accounts Receivable Historical Data

The historical data trend for Phunware'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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Phunware Accounts Receivable Chart

Phunware Annual Data

Trend

Nov17

Nov18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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1.67

0.66

0.97

0.84

0.55

Phunware Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Accounts Receivable	Get a 7-Day Free Trial															1.20	0.86	1.05	0.55	0.64

Phunware Accounts Receivable Calculation

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

Phunware 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.637	/	0.921	*	91
=	63.11

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

Phunware's Net-Net Working Capital Per Share for the quarter that ended in Mar. 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)
=	(21.567	+	0.75 * 0.637	+	0.5 * 0	-	9.647
-	0	-	0)	/	8.27209
=	1.50

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.

Phunware Accounts Receivable Related Terms

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Phunware (Phunware) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

2RJ:Germany

Address

1002 West Avenue, Austin, TX, USA, 78701

Website

https://www.phunware.com

Phunware Inc is a software company. It is a Multiscreen as a Service (MaaS) integrated enterprise software platform for mobile that provides companies with the products, solutions, and data and services necessary to engage, manage and monetize its mobile application audiences. The company's segments include Phunware and Lyte. It generates maximum revenue from the Lyte segment.

Executives

Michael Snavely	officer: Chief Revenue Officer	3 CRABAPPLE COURT, AUSTIN TX 78738
Eric Manlunas	director	7800 SHOAL CREEK BLVD., SUITE 230-S, AUSTIN TX 78757
Troy Lee Reisner	officer: Chief Financial Officer	8374 RAPHAEL LANE, LITTLETON CO 80125
Ryan Costello	director	934 GARLINGTON CIRCLE, WEST CHESTER PA 19380
Alan S Knitowski	director, officer: Chief Executive Officer	2 SAN JOAQUIN PLAZA, SUITE 240, NEWPORT BEACH CA 92660
Russell C Buyse	director	1136 ELDER CIR, AUSTIN TX 78733
Stephen Chen	director	29 GLEN ROAD, WESTBURY NY 11590
Matthew K. Lull	officer: Chief Cryptocurrency Officer	1279 W. PALMETTO PARK ROAD, UNIT # 272762, BOCA RATON FL 33486
Christopher D. Olive	officer: Chief Legal Officer	4316 LIVELY LANE, DALLAS TX 75220
Rahul Mewawalla	director	265 TURNER DRIVE, DURANGO CO 80202
Blythe Masters	director	1601 ELM STREET, SUITE 800, DALLAS TX 75201
Matt Aune	officer: Chief Financial Officer	C/O PHUNWARE INC, 7800 SHOAL CREEK BLVD SUITE 230-S, AUSTIN TX 78757
Lori Tauber Marcus	director	C/O THE CHILDREN'S PLACE, 500 PLAZA DRIVE, SECAUCUS NJ 07094
Randall Crowder	director, officer: Chief Operating Officer	C/O PHUNWARE INC, 7800 SHOAL CREEK BLVD SUITE 230-S, AUSTIN TX 78757
Kathy Mayor	director	C/O PHUNWARE INC, 7800 SHOAL CREEK BLVD SUITE 230-S, AUSTIN TX 78757