Marqeta (Marqeta) Accounts Receivable : $23.4 Mil (As of Mar. 2024)

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What is Marqeta Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Marqeta's accounts receivables for the quarter that ended in Mar. 2024 was $23.4 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Marqeta's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 18.12.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Marqeta's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $1.68.

Marqeta Accounts Receivable Historical Data

The historical data trend for Marqeta'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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Marqeta Accounts Receivable Chart

Marqeta Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

3.97

8.42

13.19

15.57

19.54

Marqeta 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													13.94	15.25	15.66	19.54	23.42

Marqeta Accounts Receivable Calculation

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

Marqeta 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	23.422	/	117.968	*	91
=	18.12

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

Marqeta'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)
=	(1198.681	+	0.75 * 23.422	+	0.5 * 0	-	347.696
-	0	-	0)	/	518.009
=	1.68

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.

Marqeta Accounts Receivable Related Terms

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Marqeta (Marqeta) Business Description

Industry

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

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Traded in Other Exchanges

MQ:Mexico 8QJ:Germany

Address

180 Grand Avenue, 6th Floor, Oakland, CA, USA, 94612

Website

https://www.marqeta.com

Headquartered in Oakland, California, and founded in 2010, Marqeta provides its clients with a card-issuing platform that offers the infrastructure and tools necessary to offer digital, physical, and tokenized payment options without the need for a traditional bank. The company's open APIs are designed to allow third parties like DoorDash, Klarna, and Block to rapidly develop and deploy innovative card-based products and payment services without the need to develop the underlying technology. The company generates revenue primarily through processing and ATM fees for cards issued on its platform.

Executives

Randall F. Kern	officer: Chief Technology Officer	C/O MARQETA, INC., 180 GRAND AVE., FLR 6, OAKLAND CA 94612
Godfrey Sullivan	director	SPLUNK INC., 250 BRANNAN STREET, SAN FRANCISCO CA 94107
Judson C Linville	director	200 VESEY STREET, NEW YORK NY 10285
Martha Cummings	director	C/O MARQETA, INC., 180 GRAND AVE., FLR 6, OAKLAND CA 94612
Najuma Atkinson	director	C/O HASBRO, INC., 1011 NEWPORT AVE, PAWTUCKET RI 02861
Crystal Sumner	officer: See Remarks	415 KEARNY STREET, SAN FRANCISCO CA 94108
Todd Pollak	officer: Chief Revenue Officer	180 GRAND AVENUE, 6TH FLOOR, OAKLAND CA 94612
Simon Khalaf	director, officer: Chief Executive Officer	180 GRAND AVENUE, 6TH FLOOR, OAKLAND CA 94612
Srikiran Prasad	director	180 GRAND AVENUE, 6TH FLOOR, OAKLAND CA 94612
Seth R Weissman	officer: See Remarks	3055 CLEARVIEW WAY, SAN MATEO CA 94402
Michael Milotich	officer: Chief Financial Officer	180 GRAND AVENUE, 6TH FLOOR, OAKLAND CA 94612
83north Ii Limited Partnership	10 percent owner	10 ABBA EBAN BOULEVARD, BUILDING C, 9TH FLOOR, HERZLIYA PITUACH L3 46733
Iconiq Strategic Partners Iii, L.p.	10 percent owner	394 PACIFIC AVENUE, 2ND FLOOR, SAN FRANCISCO CA 94111
Vidya Peters	officer: Chief Marketing Officer	C/O MARQETA, INC., 180 GRAND AVE., FLR 6, OAKLAND CA 94612
Amy Chang	director	2100 SEAPORT BLVD., C/O INFORMATICA CORPORATION, REDWOOD CITY CA 94063