ULY (Urgently) Accounts Receivable : $26.5 Mil (As of Sep. 2024)

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What is Urgently Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Urgently's accounts receivables for the quarter that ended in Sep. 2024 was $26.5 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Urgently's Days Sales Outstanding for the quarter that ended in Sep. 2024 was 66.62.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Urgently's Net-Net Working Capital per share for the quarter that ended in Sep. 2024 was $-3.45.

Urgently Accounts Receivable Historical Data

The historical data trend for Urgently'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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Urgently Accounts Receivable Chart

Urgently Annual Data

Trend

Dec21

Dec22

Dec23

Accounts Receivable

32.75

33.97

33.91

Urgently Quarterly Data
	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Accounts Receivable	Get a 7-Day Free Trial							25.72	33.91	25.72	25.03	26.46

Urgently Accounts Receivable Calculation

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

Urgently 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	26.461	/	36.246	*	91
=	66.62

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

Urgently'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)
=	(17.118	+	0.75 * 26.461	+	0.5 * 0	-	83.364
-	0	-	0)	/	13.4305
=	-3.45

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.

Urgently Accounts Receivable Related Terms

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Urgently Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Urgently Inc (NAS:ULY) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

8609 Westwood Center Drive, Suite 810, Vienna, VA, USA, 22182

Website

https://www.geturgently.com

Urgently Inc is a connected mobility assistance software platform, matching vehicle owners and operators with service professionals who deliver traditional roadside assistance, proactive maintenance and repair services. The traditional experience of a vehicle breakdown is often stressful and inconvenient, compounded by processes that lack transparency and lead to long wait times. Urgently offers an innovative alternative to this traditional experience, leveraging its digitally native software platform to match supply and demand in its network and deliver exceptional mobility assistance experiences at scale.

Executives

Volkow Ben	director	16 ABBA EBAN BLVD., HERZLIYA PITUACH L3 467256
James M Micali	director	C/O SONOCO PRODUCTS COMPANY, 1 NORTH SECOND STREET, HARTSVILLE SC 29550
Andrew M Geisse	director	208 S. AKARD ST., DALLAS TX 75202
Timothy C. Huffmyer	officer: Chief Financial Officer	1000 PARK DRIVE, LAWRENCE PA 15055
Gina Domanig	director	8609 WESTWOOD CENTER DR STE 810, VIENNA VA 22182
Ryan Pollock	director	8609 WESTWOOD CENTER DR STE 810, VIENNA VA 22182
Matthew Booth	director, officer: Chief Executive Officer	8609 WESTWOOD CENTER DR STE 810, VIENNA VA 22182
Suzie Doran	director	8609 WESTWOOD CENTER DR STE 810, VIENNA VA 22182