Volato Group (Volato Group) Accounts Receivable : $2.45 Mil (As of Mar. 2024)

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What is Volato Group Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Volato Group's accounts receivables for the quarter that ended in Mar. 2024 was $2.45 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Volato Group's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 16.89.

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

Volato Group Accounts Receivable Historical Data

The historical data trend for Volato Group'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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Volato Group Accounts Receivable Chart

Volato Group Annual Data

Trend

Dec21

Dec22

Dec23

Accounts Receivable

0.42

1.88

2.99

Volato Group Quarterly Data
	Dec21	Jun22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Accounts Receivable	Get a 7-Day Free Trial			-	1.55	2.02	2.99	2.45

Volato Group Accounts Receivable Calculation

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

Volato Group 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	2.446	/	13.211	*	91
=	16.89

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

Volato Group'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)
=	(6.442	+	0.75 * 2.446	+	0.5 * 0	-	66.478
-	0	-	0)	/	0
=	N/A

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.

Volato Group Accounts Receivable Related Terms

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Volato Group (Volato Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Volato Group Inc (AMEX:SOAR.WS) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

SOAR:USA

Address

1954 Airport Road, Suite 124, Chamblee, GA, USA, 30341

Website

https://www.flyvolato.com

Volato Group Inc operates an aircraft ownership program, provides ad-hoc charter flights, sells deposit products, and manages aircraft for owners in the private aviation industry. The Volato aircraft ownership program consists of facilitating the formation of limited liability companies owned by third-party members. Subsequently, the Company sells an aircraft to each limited liability company.

Volato Group (Volato Group) Headlines

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