Surf Air Mobility (Surf Air Mobility) Accounts Receivable : $4.71 Mil (As of Mar. 2024)

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What is Surf Air Mobility Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Surf Air Mobility's accounts receivables for the quarter that ended in Mar. 2024 was $4.71 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Surf Air Mobility's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 14.03.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Surf Air Mobility's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $-2.57.

Surf Air Mobility Accounts Receivable Historical Data

The historical data trend for Surf Air Mobility'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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Surf Air Mobility Accounts Receivable Chart

Surf Air Mobility Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

0.16

0.02

0.16

4.97

Surf Air Mobility Quarterly Data
	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Accounts Receivable	Get a 7-Day Free Trial							4.16	0.07	3.92	4.97	4.71

Surf Air Mobility Accounts Receivable Calculation

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

Surf Air Mobility 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	4.71	/	30.624	*	91
=	14.03

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

Surf Air Mobility'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)
=	(1.278	+	0.75 * 4.71	+	0.5 * 0	-	215.087
-	0	-	0)	/	81.9172
=	-2.57

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.

Surf Air Mobility Accounts Receivable Related Terms

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Surf Air Mobility (Surf Air Mobility) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Surf Air Mobility Inc (NYSE:SRFM) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

12111 S. Crenshaw Boulevard, Hawthorne, California 90250, Hawthorne, CA, USA, 90250

Website

https://www.surfair.com

Surf Air Mobility Inc provides a regional air mobility platform with scheduled routes and on demand charter flights operated by third-party Part 135 charter operators. It generates revenue through the sale of membership products, non-member single seats, or flight products for both scheduled and on-demand flights.

Executives

Edward A. Mady	director	12111 S. CRENSHAW BLVD., HAWTHORNE CA 90250
Bruce L. Hack	director	6060 CENTER DRIVE, 5TH FLOOR, LOS ANGELES CA 90045
Carl A Albert	director	C/O BOISE INC., 1111 WEST JEFFERSON STREET, SUITE 200, BOISE ID 83702-5388
John J. D'agostino	director	201 E 79TH STREET 6A, NEW YORK CITY NY 10075
Tyler Painter	director	C/O SURF AIR MOBILITY, 12111 S. CRENSHAW BLVD., HAWTHORNE CA 90250
Sudhin Shahani	director	12111 S. CRENSHAW BLVD., HAWTHORNE CA 90250
Deanna Leigh White	officer: Chief Financial Officer	12111 S. CRENSHAW BLVD., HAWTHORNE CA 90250
Tyrone D. Bland	director	12111 S. CRENSHAW BLVD., HAWTHORNE CA 90250
Robert S. Little	director, officer: Chief Executive Officer	12111 S. CRENSHAW BLVD., HAWTHORNE CA 90250