XNDA (Tribal Rides International) Accounts Receivable : $0.00 Mil (As of Sep. 2023)

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What is Tribal Rides International Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Tribal Rides International's accounts receivables for the quarter that ended in Sep. 2023 was $0.00 Mil.

Accounts receivable can be measured by Days Sales Outstanding.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Tribal Rides International's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was $-0.02.

Tribal Rides International Accounts Receivable Historical Data

The historical data trend for Tribal Rides International'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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Tribal Rides International Accounts Receivable Chart

Tribal Rides International Annual Data

Trend

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Accounts Receivable

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Tribal Rides International Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Accounts Receivable	Get a 7-Day Free Trial															-	-	-	-	-

Tribal Rides International Accounts Receivable Calculation

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

Tribal Rides International 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.

Tribal Rides International's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0	/	0	*	91
=

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

Tribal Rides International's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2023 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)
=	(0	+	0.75 * 0	+	0.5 * 0	-	0.812
-	0	-	0)	/	39.6075
=	-0.02

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.

Tribal Rides International Accounts Receivable Related Terms

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Tribal Rides International Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Tribal Rides International Corp (OTCPK:XNDA) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

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Address

26060 Acero, Mission Viejo, CA, USA, 92691

Website

https://www.tribalrides.us

Tribal Rides International Corp is a transportation technology company creating the future of personal mobility with a, patented focus on autonomous vehicles. It is developing a cloud-based Systems as a Solution (SaaS) interface for a comprehensive social network and mobile application. The company's planned E-commerce module will enable users to create and manage their own personalized transportation experience; to form and/or join groups; collaborate on cost-saving strategies; find, schedule, obtain transportation services from within the groups in which it belong, and easily and securely conduct financial transactions.

Executives

Joseph Grimes	director, 10 percent owner, officer: CEO	6 CLEOME, LADERA RANCH CA 92694
Steven Paul Ritacco	director, officer: Chief Technology Officer	4311 NE 18TH AVE, FT. LAUDERDALE FL 33334
Sanjay Prasad	director	221 MAIN STREET, #496, LOS ALTOS CA 94023
Donald Dewayne Smith	officer: Chief Financial Officer	C/O TRIBAL RIDES INTERNATIONAL, INC., 26060 ACERO, MISSION VIEJO CA 92691