PIKM (Kidpik) Accounts Receivable : $0.08 Mil (As of Sep. 2024)

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What is Kidpik Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Kidpik's accounts receivables for the quarter that ended in Sep. 2024 was $0.08 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Kidpik's Days Sales Outstanding for the quarter that ended in Sep. 2024 was 7.00.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Kidpik's Net-Net Working Capital per share for the quarter that ended in Sep. 2024 was $-3.25.

Kidpik Accounts Receivable Historical Data

The historical data trend for Kidpik'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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Kidpik Accounts Receivable Chart

Kidpik Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

0.23

0.32

0.34

0.21

Kidpik Quarterly Data
	Dec19	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														0.15	0.21	0.10	0.09	0.08

Kidpik Accounts Receivable Calculation

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

Kidpik 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.08	/	1.043	*	91
=	7.00

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

Kidpik'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)
=	(0.003	+	0.75 * 0.08	+	0.5 * 3.472	-	8.152
-	0	-	0)	/	1.952
=	-3.25

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.

Kidpik Accounts Receivable Related Terms

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Kidpik Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Kidpik Corp (OTCPK:PIKM) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

200 Park Avenue South, 3rd Floor, New York, NY, USA, 10003

Website

https://www.kidpik.com

Kidpik Corp is a subscription-based e-commerce business geared toward kid products for girl's and boy's apparel, footwear, and accessories. The Company serves its customers through the clothing subscription box business, its retail website and 3rd party websites. It makes shopping easy, convenient, and accessible for parents by delivering, in a box, fashionable and personalized outfits for kids. kidpik provides kids clothing subscription boxes for boys and girls of varying sizes from toddler to youth that includes mix-and-match coordinated outfits that are personalized based on each member's style preferences. The company focuses on providing entire outfits from head-to-toe (including shoes) by designing each seasonal collection in-house from concept to box.

Executives

Jill Pasechnick	officer: CAO	101 NIEHAUS AVENUE, LITTLE FERRY NJ 07643
Jill Kronenberg	director	C/O 200 PARK AVENUE SOUTH, 3RD FLOOR, NEW YORK NY 10003
Hobart Sichel	director	1830 ROUTE 130 NORTH, BURLINGTON NJ 08016
David Oddi	director
Adir Katzav	officer: EVP, CFO, and Treasurer	C/O EAGLE BULK SHIPPING INC., 477 MADISON AVENUE, NEW YORK NY 10022
Ezra Dabah	director, 10 percent owner, officer: President, CEO and Chairman	ONE DODGE DR, WEST CALDWELL NJ 07006
Renee Dabah	10 percent owner
Raine Silverstein	10 percent owner
Moshe Dabah	officer: VP, COO and CTO	C/O 200 PARK AVENUE SOUTH, 3RD FLOOR, NEW YORK NY 10003