SQSP (Squarespace) Accounts Receivable : $41 Mil (As of Jun. 2024)

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What is Squarespace Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Squarespace's accounts receivables for the quarter that ended in Jun. 2024 was $41 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Squarespace's Days Sales Outstanding for the quarter that ended in Jun. 2024 was 12.72.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Squarespace's Net-Net Working Capital per share for the quarter that ended in Jun. 2024 was $-6.43.

Squarespace Accounts Receivable Historical Data

The historical data trend for Squarespace'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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Squarespace Accounts Receivable Chart

Squarespace Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

4.57

7.52

7.97

10.75

24.89

Squarespace Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Accounts Receivable	Get a 7-Day Free Trial														9.75	22.00	24.89	30.30	41.38

Squarespace Accounts Receivable Calculation

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

Squarespace 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	41.384	/	296.769	*	91
=	12.72

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

Squarespace's Net-Net Working Capital Per Share for the quarter that ended in Jun. 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)
=	(322.404	+	0.75 * 41.384	+	0.5 * 0	-	1243.748
-	0	-	0)	/	138.475
=	-6.43

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.

Squarespace Accounts Receivable Related Terms

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Squarespace Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Squarespace Inc (NYSE:SQSP) » Definitions » Accounts Receivable

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Traded in Other Exchanges

N/A

Address

225 Varick Street, 12th Floor, New York, NY, USA, 10014

Website

https://www.squarespace.com

Squarespace is a provider of subscription-based website-building software and hosting services primarily servicing entrepreneurs and micro businesses. The company offers a range of add-on and standalone tools, including scheduling functionality, email marketing, member areas for paid content, and design tools for social media and video content. Following the 2021 acquisition of Tock, Squarespace has expanded into servicing hospitality customers with reservation, take-out, and event management software.

Executives

Andrew Braccia	director, 10 percent owner	428 UNIVERSITY AVE, PALO ALTO CA 94555
Anthony Casalena	director, 10 percent owner, officer: Chief Executive Officer	C/O SQUARESPACE, INC., 225 VARICK STREET, 12TH FLOOR, NEW YORK NY 10014
Paul Gubbay	officer: Chief Product Officer	C/O SQUARESPACE, INC., 225 VARICK STREET, 12TH FLOOR, NEW YORK NY 10014
O'connor Courtenay	officer: General Counsel and Secretary	C/O SQUARESPACE, INC., 225 VARICK STREET, 12TH FLOOR, NEW YORK NY 10014
Nathan Gooden	officer: Chief Financial Officer	C/O SQUARESPACE, INC., 225 VARICK STREET, 12TH FLOOR, NEW YORK NY 10014
Jonathan D Klein	director	C/O GETTY IMAGES, INC., 601 N 34TH ST, SEATTLE WA 98103
General Atlantic (sqrs) Lp	director, 10 percent owner	55 EAST 52ND STREET, FLOOR 33, NEW YORK NY 10055
General Atlantic, L.p.	director, 10 percent owner	55 EAST 52ND STREET, 33RD FLOOR, NEW YORK NY 10055
Index Venture Growth Associates I Ltd	10 percent owner	5TH FLOOR, 44 ESPLANADE, ST HELIER, CHANNEL ISLANDS Y9 JE1 3FG
Index Ventures Growth I Parallel Entrepreneur Fund (jersey) L.p.	10 percent owner	NO.1 SEATON PLACE, ST. HELIER, JERSEY (CHANNEL ISLANDS) XX JE4 8YJ
Neela Montgomery	director	C/O LOGITECH INTERNATIONAL S.A., LES CHATAGNIS, APPLES V8 1143
Liza Landsman	director	1 CHOICE HOTELS CIRCLE, ROCKVILLE MD 20850
Anton J Levy	director	55 EAST 52ND STREET, 32ND FLOOR, NEW YORK NY 10055
Index Ventures Growth I (jersey) L.p.	10 percent owner	NO.1 SEATON PLACE, ST. HELIER, JERSEY (CHANNEL ISLANDS) XX JE4 8YJ
(jersey) Slp Yucca	10 percent owner	NO. 1 SEATON PLACE, ST. HELIER Y9 Y9 JE48YJ