Sweetgreen (Sweetgreen) Accounts Receivable : $5.6 Mil (As of Mar. 2024)

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What is Sweetgreen Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Sweetgreen's accounts receivables for the quarter that ended in Mar. 2024 was $5.6 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Sweetgreen's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 3.23.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Sweetgreen's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $-1.09.

Sweetgreen Accounts Receivable Historical Data

The historical data trend for Sweetgreen'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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Sweetgreen Accounts Receivable Chart

Sweetgreen Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

2.38

1.09

2.64

3.24

3.50

Sweetgreen Quarterly Data
	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Accounts Receivable	Get a 7-Day Free Trial											5.06	7.82	9.89	3.50	5.59

Sweetgreen Accounts Receivable Calculation

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

Sweetgreen 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	5.59	/	157.85	*	91
=	3.23

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

Sweetgreen'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)
=	(243.756	+	0.75 * 5.59	+	0.5 * 1.854	-	372.424
-	0	-	0)	/	113.21
=	-1.09

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.

Sweetgreen Accounts Receivable Related Terms

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Sweetgreen (Sweetgreen) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Sweetgreen Inc (NYSE:SG) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

3102 36th Street, Los Angeles, CA, USA, 90018

Website

https://www.sweetgreen.com

Sweetgreen Inc is a next-generation restaurant and lifestyle brand that serves healthy food at scale. It is creating plant-forward, seasonal, and earth-friendly meals from fresh ingredients and produce that prioritizes organic, regenerative, and local sourcing.

Executives

Jonathan Neman	director, officer: Chief Executive Officer	C/O SWEETGREEN, INC., 3101 W. EXPOSITION BOULEVARD, LOS ANGELES CA 90018
Nicolas Jammet	director, officer: Chief Concept Officer	C/O SWEETGREEN, INC., 3101 W. EXPOSITION BOULEVARD, LOS ANGELES CA 90018
Nathaniel Ru	director, officer: Chief Brand Officer	C/O SWEETGREEN, INC., 3101 W. EXPOSITION BOULEVARD, LOS ANGELES CA 90018
Adrienne Gemperle	officer: Chief People Officer	C/O SWEETGREEN, INC., 3101 W. EXPOSITION BOULEVARD, LOS ANGELES CA 90018
James Mcphail	officer: Chief Development Officer	C/O SWEETGREEN, INC., 3101 W. EXPOSITION BOULEVARD, LOS ANGELES CA 90018
Mitch Reback	officer: Chief Financial Officer	C/O SWEETGREEN, INC., 3101 W. EXPOSITION BOULEVARD, LOS ANGELES CA 90018
Wouleta Ayele	officer: Chief Technology Officer	C/O SWEETGREEN, INC., 3101 W. EXPOSITION BOULEVARD, LOS ANGELES CA 90018
Daniel Shlossman	officer: SVP, Digital and Growth	C/O SWEETGREEN, INC., 3101 W. EXPOSITION BOULEVARD, LOS ANGELES CA 90018
Chris Carr	officer: Chief Operating Officer	7930 JONES BRANCH DRIVE, MCLEAN VA 22102
Clifford Burrows	director	2401 UTAH AVE. S., SUITE 800, SEATTLE WA 98134
Valerie B Jarrett	director	USG CORPORATION, 125 SOUTH FRANKLIN STREET, CHICAGO IL 60606
Julie Bornstein	director	C/O REDFIN CORPORATION, 1099 STEWART STREET, SUITE 600, SEATTLE WA 98101
Bradley E Singer	director	ONE LETTERMAN DRIVE, BUILDING D, 4TH FLOOR, SAN FRANCISCO CA 94129
Youngme E Moon	director	75 NETWORK DRIVE, BURLINGTON MA 01803
Stephen M Case	director	1717 RHODE ISLAND AVENUE, N.W., 9TH FLOOR, WASHINGTON DC 20036