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


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What is Presto Automation Accounts Receivable?

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 Historical Data

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.

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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 Dec20 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 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.


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

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Presto Automation (Presto Automation) Business Description

Traded in Other Exchanges
N/A
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.
Executives
Keith E Kravcik director 11840 VALLEY VIEW ROAD, EDEN PRAIRIE MN 55344
Dan Mosher officer: Chief Revenue Officer 810 HAMILTON STREET, REDWOOD CITY CA 94063
Justin Foster officer: Chief Revenue Officer PRESTO AUTOMATION INC., 985 INDUSTRIAL ROAD, SAN CARLOS CA 94070
Cleveland Avenue Food & Beverage Fund Ii, Lp 10 percent owner 222 N. CANAL STREET, CHICAGO IL 60606
Nathan Cook officer: Interim CFO PRESTO AUTOMATION INC., 985 INDUSTRIAL ROAD, SAN CARLOS CA 94070
Xavier Casanova officer: CHIEF OPERATING OFFICER PRESTO AUTOMATION INC., 985 INDUSTRIAL ROAD, SAN CARLOS CA 94070
Rajat Suri 10 percent owner 525 MIDDLEFIELD ROAD, SUITE 250, MENLO PARK CA 94025
Stanley Mbugua officer: Chief Accounting Officer SKILLZ INC, PO BOX 455, SAN FRAN CA 94104
Scott David Raskin director QUOTIENT TECHNOLOGY INC., 1260 EAST STRINGHAM AVENUE, SUITE 600, SALT LAKE CITY UT 84106
Gail Zauder director 122 EAST 82ND STREET, NEW YORK NY 10028
Kim A Lopdrup director 1000 DARDEN CENTER DRIVE, ORLANDO FL 32837
Jonas Grossman director, 10 percent owner 17 STREET, SUITE 1600, NEW YORK NY 10004
Ashish Ram Gupta officer: Chief Financial Officer 810 HAMILTON STREET, REDWOOD CITY CA 94063
William Robert Healey officer: Chief Technology Officer 810 HAMILTON STREET, REDWOOD CITY CA 94063
Romulus Elc B3 Special Opportunity, L.p. 10 percent owner 307 HARVARD STREET, CAMBRIDGE MA 02139