PRST (Presto Automation) Accounts Receivable: $1.25 Mil (As of Mar. 2024)

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What is Presto Automation Accounts Receivable?

Presto Automation PRST -99.00% Accounts Receivable is $1.25 Mil as of Mar. 2024.

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Presto Automation's accounts receivables for the quarter that ended in Mar. 2024 was $1.25 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Presto Automation's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 25.54.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Presto Automation's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $-0.70.

Presto Automation 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.

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

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=1.246/4.452*91
=25.54

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

Presto Automation'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)
=(4.235+0.75 * 1.246+0.5 * 0.181-78.6
-0-0)/104.176
=-0.70

* 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.

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.

Presto Automation Accounts Receivable Related Terms

Presto Automation Accounts Receivable Historical Data

* Premium members only.

The historical data trend for Presto Automation'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.

Presto Automation Accounts Receivable Chart

Presto Automation Annual Data
Trend Jun20 Jun21 Jun22 Jun23
Accounts Receivable
2.27 1.18 1.52 1.83

Presto Automation Quarterly Data
Jun20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Accounts Receivable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.21 1.83 1.84 1.79 1.25

Presto Automation Accounts Receivable Calculation

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

Frequently Asked Questions Learn more about Accounts Receivable →
What does a Accounts Receivable of $1.25 Mil mean?
Presto Automation (PRST) has a Accounts Receivable of $1.25 Mil as of Mar. 2024. Accounts receivable is the amount a company expects to receive from credit-extending customers. View historical data on Presto Automation and its competitors.
Is Presto Automation's Accounts Receivable too high?
Presto Automation's current Accounts Receivable is $1.25 Mil.
How does Presto Automation's Accounts Receivable compare to BOMO and CRM?
Presto Automation's Accounts Receivable of $1.25 Mil can be compared against companies in the Software industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Accounts Receivable for a Software company?
A good Accounts Receivable depends on the Software industry context. However, Accounts Receivable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Accounts Receivable mean?
A high Accounts Receivable can signal that a stock is expensive relative to its fundamentals. Accounts receivable is the amount a company expects to receive from credit-extending customers. View historical data on Presto Automation and its competitors. Presto Automation's current Accounts Receivable is $1.25 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Presto Automation stock overvalued right now?
Presto Automation (PRST) has a current Accounts Receivable of $1.25 Mil. The current Accounts Receivable is $1.25 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Accounts Receivable calculated?
Accounts Receivable is calculated from a company's financial statements. For Presto Automation (PRST), the current Accounts Receivable is $1.25 Mil as of Mar. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Presto Automation Business Description

Address 985 Industrial Road, San Carlos, CA, USA, 94070
Presto Automation Inc overlays next-gen digital solutions onto the physical world. It provides an accurate, next-gen solution that uses artificial intelligence to automate speech recognition for restaurant drive-thru. The Company earns substantially all of its revenue in the United States.