Dave (DAVE) Accounts Receivable : $104.9 Mil (As of Mar. 2024)

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What is Dave Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Dave's accounts receivables for the quarter that ended in Mar. 2024 was $104.9 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Dave's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 130.03.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Dave's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $5.70.

Dave Accounts Receivable Historical Data

The historical data trend for Dave'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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Dave Accounts Receivable Chart

Dave Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

29.04

38.74

49.01

104.18

112.85

Dave 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											80.16	88.65	97.12	112.85	104.92

Dave Accounts Receivable Calculation

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

Dave 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	104.923	/	73.63	*	91
=	130.03

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

Dave'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)
=	(99.925	+	0.75 * 104.923	+	0.5 * 0	-	108.285
-	0	-	0)	/	12.3338
=	5.70

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.

Dave Accounts Receivable Related Terms

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Dave (DAVE) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

1265 South Cochran Ave, Los Angeles, CA, USA, 90019

Website

https://www.dave.com

Dave Inc is engaged in offering banking app that offers its customers banking, financial insights, overdraft protection, building credit, and finding side gigs.

Executives

Kyle Beilman	officer: CFO and Secretay	C/O DAVE INC., 1265 SOUTH COCHRAN AVENUE, LOS ANGELES CA 90019
Jason Wilk	director, officer: Chief Executive Officer	C/O DAVE INC., 1265 SOUTH COCHRAN AVENUE, LOS ANGELES CA 90019
Section 32 Fund 1, Lp	10 percent owner	169 UNIVERSITY AVE., PALO ALTO CA 94301
Teresa Luna Aragones	director	C/O TILLY'S, INC., 10 WHATNEY, IRVINE CA 92618
Section 32 Gp 1, Llc	10 percent owner	169 UNIVERSITY AVE., PALO ALTO CA 94301
William J Maris	10 percent owner	2033 SAN ELIJO AVE., #565, CARDIFF-BY-THE-SEA CA 92007
Michael W Pope	director	601 BRANNAN STREET, SAN FRANCISCO CA 94107
Dan Preston	director	C/O METROMILE, INC., 425 MARKET STREET, SUITE 700, SAN FRANCISCO CA 94105
Andrea Mitchell	director	C/O DAVE INC., 1265 SOUTH COCHRAN AVENUE, LOS ANGELES CA 90019
Charles S Paul	director, 10 percent owner	C/O AMC ENTERTAINMENT INC, 920 MAIN ST, KANSAS CITY MO 64105
Peter Offenhauser	director	C/O MAPLES CORPORATE SERVICES LIMITED, PO BOX 309, UGLAND HOUSE, GEORGE TOWN E9 KY1-1104
Janet Kloppenburg	director	C/O MAPLES CORPORATE SERVICES LIMITED, PO BOX 309, UGLAND HOUSE, GEORGE TOWN E9 KY1-1104
Vpc Impact Acquisition Holdings Sponsor Iii, Llc	director, 10 percent owner, other: See Remarks	150 NORTH RIVERSIDE PLAZA, SUITE 5200, CHICAGO IL 60606
Carly Altieri	officer: Chief Financial Officer	C/O MAPLES CORPORATE SERVICES LIMITED, PO BOX 309, UGLAND HOUSE, GEORGE TOWN E9 KY1-1104
Brendan Carroll	director, officer: Co-Chief Executive Officer	C/O VICTORY PARK CAPITAL ADVISORS, LLC, 227 W. MONROE STREET, SUITE 3900, CHICAGO IL 60606