EzFill Holdings (EzFill Holdings) Accounts Receivable : $1.53 Mil (As of Mar. 2024)

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What is EzFill Holdings Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. EzFill Holdings's accounts receivables for the quarter that ended in Mar. 2024 was $1.53 Mil.

Accounts receivable can be measured by Days Sales Outstanding. EzFill Holdings's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 21.22.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. EzFill Holdings's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $-1.67.

EzFill Holdings Accounts Receivable Historical Data

The historical data trend for EzFill Holdings'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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EzFill Holdings Accounts Receivable Chart

EzFill Holdings Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

0.03

0.19

0.10

0.77

1.19

EzFill Holdings Quarterly Data
	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													0.98	1.00	1.33	1.19	1.53

EzFill Holdings Accounts Receivable Calculation

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

EzFill Holdings 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	1.534	/	6.597	*	91
=	21.22

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

EzFill Holdings'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)
=	(0.049	+	0.75 * 1.534	+	0.5 * 0.154	-	9.159
-	0	-	0)	/	4.70819
=	-1.67

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.

EzFill Holdings Accounts Receivable Related Terms

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EzFill Holdings (EzFill Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » EzFill Holdings Inc (NAS:EZFL) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

2299 NE 191st Street, Suite 500, Aventura, FL, USA, 33180

Website

https://www.ezfl.com

EzFill Holdings Inc is an application based on-demand fuel delivery company in Florida and the mobile fueling company that combines on-demand fills and subscription services which fill customer vehicles on routine intervals. It provides fuel-delivery on-demand or in subscription to fill customer vehicles on routine intervals for the consumer, fleet, marine, and other specialty markets. EzFill's app-based platform brings the gas station to customers with a growing fleet of EzFill-branded, Mobile Fueling Trucks. The company provides gas delivery via Mobile Fueling Trucks in the greater South Florida area as well as in the West Palm Beach, Jacksonville, Tampa, and Orlando areas, and expect to soon begin fueling in other areas in Florida.

Executives

Yehuda Levy	officer: Interim CEO	2999 NE 191ST STREET, AVENTURA FL 33180
Avishai Vaknin	officer: Chief Technology Officer	2999 NE 191ST STREET, AVENTURA FL 33180
Daniel Ronald Arbour	director	435 CHEMIN DU REFUGE, LAC SUPERIEUR A8 J0T 1P0
Luis Alejandro Reyes	director	2315 TORO CANYON RD,, AUSTIN TX 78746
Michael Andrew Devoe	officer: Chief Operating Officer	526 ORCHARD DR., NORTHVILLE MI 48167
Jack Levine	director	C/O BLINK CHARGING CO., 407 LINCOLN ROAD, SUITE 704, MIAMI BEACH FL 33139
Arthur Levine	officer: CFO	19950 WEST COUNTRY CLUB DRIVE, SUITE 800, AVENTURA FL 33180
Michael D Farkas	10 percent owner
Allen R Weiss	director	C/O DICK'S SPORTING GOODS, INC., 345 COURT STREET, CORAOPOLIS PA 15108
Cheryl Edith Hanrehan	director, officer: COO	2125 BISCAYNE BLVD,, STE. 309, MIAMI FL 33137
Michael Joel Mcconnell	director, officer: CEO	2125 BISCAYNE BLVD,, STE. 309, MIAMI FL 33137
Richard G. Dery	director, officer: Chief Commercial Officer	2125 BISCAYNE BLVD,, SUITE 309, MIAMI FL 33137
Jacob Sod	10 percent owner	14 WALL STREET, SUITE 2064, NEW YORK NY 10005
Mark Toby Lev	director	70 WILLISTON RD, BROOKLINE MA 02445