Lemonade (Lemonade) Accounts Receivable : $407.2 Mil (As of Mar. 2024)

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What is Lemonade Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Lemonade's accounts receivables for the quarter that ended in Mar. 2024 was $407.2 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Lemonade's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 311.98.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Lemonade's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $3.63.

Lemonade Accounts Receivable Historical Data

The historical data trend for Lemonade'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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Lemonade Accounts Receivable Chart

Lemonade Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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74.40

135.10

216.80

336.40

360.40

Lemonade 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															338.70	362.20	367.80	360.40	407.20

Lemonade Accounts Receivable Calculation

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

Lemonade 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	407.2	/	119.1	*	91
=	311.98

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

Lemonade'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)
=	(920.6	+	0.75 * 407.2	+	0.5 * 0	-	970
-	0	-	0)	/	70.4781
=	3.63

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.

Lemonade Accounts Receivable Related Terms

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Lemonade (Lemonade) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Lemonade Inc (NYSE:LMND) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

LMND:Mexico LE0:Germany

Address

5 Crosby Street, 3rd Floor, New York, NY, USA, 10013

Website

https://www.lemonade.com

Lemonade Inc operates in the insurance industry. The company offers digital and artificial intelligence based platform for various insurances and for settling claims and paying premiums. The platform ensures transparency in issuing policies and settling disputes. Geographically, it operates in California, Texas, New York, New Jersey, Illinois, Georgia, Washington, Colorado, Pennsylvania, Virginia and others.

Executives

John Sheldon Peters	officer: Chief Insurance Officer	C/O LEMONADE, INC., 5 CROSBY STREET, 3RD FLOOR, NEW YORK NY 10013
Timothy E Bixby	officer: Chief Financial Officer	C/O SHUTTERSTOCK, 350 FIFTH AVENUE, 21ST FLOOR, NEW YORK NY 10118
Alex Clavel	10 percent owner	PO BOX 1093, BOUNDARY HALL, CRICKET SQUARE, GRAND CAYMAN E9 KY1-1102
Michael A Eisenberg	director, 10 percent owner	C/O SHOPPING.COM, 8000 MARINA BLVD. 5TH FLOOR, BRISBANE CA 94005
Adina Eckstein	officer: Chief Operating Officer	C/O LEMONADE, INC., 5 CROSBY STREET, 3RD FLOOR, NEW YORK NY 10013
Irina Novoselsky	director	C/O LEMONADE, INC., 5 CROSBY STREET, 3RD FLOOR, NEW YORK NY 10013
Silvija Martincevic	director	C/O AFFIRM HOLDINGS, INC., 650 CALIFORNIA STREET, SAN FRANCISCO CA 94108
Becker Caryn Seidman	director	65 EAST 55TH STREET, 17TH FLOOR, NEW YORK NY 10022
Jorge Espinel	officer: CBDO	C/O LEMONADE, INC., 5 CROSBY STREET, 3RD FLOOR, NEW YORK NY 10013
George Thompson Hutton	director	C/O WHITE MOUNTAINS INSURANCE GROUP, LTD, 80 SOUTH MAIN STREET, HANOVER NH 03755
Joel E Cutler	director	C/O GENERAL CATALYST PARTNERS, 20 UNIVERSITY ROAD, SUITE 450, CAMBRIDGE MA 02138
Daniel A. Schreiber	director, 10 percent owner, officer: Co-Founder & CEO	C/O LEMONADE, INC., 5 CROSBY STREET, 3RD FLOOR, NEW YORK NY 10013
Shai Wininger	director, 10 percent owner, officer: See Remarks	C/O LEMONADE, INC., 5 CROSBY STREET, 3RD FLOOR, NEW YORK NY 10013
Haim Sadger	director	C/O SEQUOIA CAPITAL, 2800 SAND HILL RD, SUITE 101, MENLO PARK CA 94025
Sequoia Capital Israel Venture V Principals Fund, L.p.	10 percent owner	2800 SAND HILL RD, SUITE 101, MENLO PARK CA 94025