EverQuote (EverQuote) Accounts Receivable : $38.3 Mil (As of Mar. 2024)

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What is EverQuote Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. EverQuote's accounts receivables for the quarter that ended in Mar. 2024 was $38.3 Mil.

Accounts receivable can be measured by Days Sales Outstanding. EverQuote's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 38.36.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. EverQuote's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $0.87.

EverQuote Accounts Receivable Historical Data

The historical data trend for EverQuote'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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EverQuote Accounts Receivable Chart

EverQuote Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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32.21

46.08

35.66

29.60

21.18

EverQuote Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Accounts Receivable	Get a 7-Day Free Trial															39.19	22.05	22.15	21.18	38.29

EverQuote Accounts Receivable Calculation

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

EverQuote 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	38.286	/	91.065	*	91
=	38.36

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

EverQuote'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)
=	(48.62	+	0.75 * 38.286	+	0.5 * 0	-	47.078
-	0	-	0)	/	34.6536
=	0.87

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.

EverQuote Accounts Receivable Related Terms

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EverQuote (EverQuote) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » EverQuote Inc (NAS:EVER) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

EVER:Mexico

Address

210 Broadway, Cambridge, MA, USA, 02139

Website

https://www.everquote.com

EverQuote Inc is engaged in the business activity of offering an online marketplace for insurance shopping. The online marketplace offers consumers to find relevant insurance quotes based on car insurance, home insurance, and life insurance. The platform of the company is driven by data science. The firm's data and technology platform match and connects consumers seeking to purchase insurance with relevant options from its broad direct network of insurance providers. It derives a majority of revenue from Direct channels.

Executives

Joseph Sanborn	officer: Chief Financial Officer	C/O EVERQUOTE, INC., 210 BROADWAY, CAMBRIDGE MA 02139
David Brainard	officer: Chief Technology Officer	201 BROADWAY, SUITE 401, CAMBRIDGE MA 02139
Jon Ayotte	officer: Chief Accounting Officer	C/O EVERQUOTE, INC., 210 BROADWAY, CAMBRIDGE MA 02139
Paul F Deninger	director	C/O JEFFERIES & CO., 1050 WINTER STREET, WALTHAM MA 02451
Jayme Mendal	officer: Chief Revenue Officer	210 BROADWAY, CAMBRIDGE MA 02139
Darryl Auguste	officer: See Remarks	210 BROADWAY, CAMBRIDGE MA 02139
John L. Shields	director	210 BROADWAY, CAMBRIDGE MA 02139
John Brandon Wagner	officer: See Remarks	210 BROADWAY, CAMBRIDGE MA 02139
Julia Brncic	officer: General Counsel	210 BROADWAY, CAMBRIDGE MA 02139
David W Mason	officer: General Counsel and Secretary	210 BROADWAY, CAMBRIDGE MA 02139
Nicholas Graham	officer: Chief Revenue Officer	210 BROADWAY, CAMBRIDGE MA 02139
Tomas Jr Revesz	officer: Chief Technology Officer	210 BROADWAY, CAMBRIDGE MA 02139
David B Blundin	director, 10 percent owner	C/O MICROSTRATEGY INC, 1861 INTERNATIONAL DR, MCLEAN VA 22102
George R Neble	director	210 BROADWAY, CAMBRIDGE MA 02139
Elyse Neumeier	officer: Chief People Officer	210 BROADWAY, CAMBRIDGE MA 02139