SunCar Technology Group (SunCar Technology Group) Accounts Receivable : $56.0 Mil (As of Dec. 2023)

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What is SunCar Technology Group Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. SunCar Technology Group's accounts receivables for the quarter that ended in Dec. 2023 was $56.0 Mil.

Accounts receivable can be measured by Days Sales Outstanding.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. SunCar Technology Group's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-1.26.

SunCar Technology Group Accounts Receivable Historical Data

The historical data trend for SunCar Technology Group'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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SunCar Technology Group Accounts Receivable Chart

SunCar Technology Group Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

48.98

85.64

85.62

56.04

SunCar Technology Group Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Receivable	Get a 7-Day Free Trial			85.64	94.50	85.62	74.59	56.04

SunCar Technology Group Accounts Receivable Calculation

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

SunCar Technology Group 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.

SunCar Technology Group's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	56.043	/	0	*	91
=

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

SunCar Technology Group's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 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)
=	(52.45	+	0.75 * 56.043	+	0.5 * 0	-	155.245
-	0.005	-	51.912)	/	89.7051
=	-1.26

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.

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SunCar Technology Group (SunCar Technology Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » SunCar Technology Group Inc (NAS:SDA) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

c/o Shanghai Feiyou Trading Co., Ltd., Suite 209, No. 656 Lingshi Road, Jing’an District, Shanghai, CHN, 200072

Website

https://www.suncartech.com

SunCar Technology Group Inc is a provider of digitalized enterprise automotive after-sales services and online auto insurance intermediation service in China. It operates an automotive after-sales services business through offering customized service solutions to enterprise clients, who are major banks, insurance companies, telecommunication companies, new energy vehicle, original equipment manufacturers or any client who have end customers demanding automotive services.