EVmo (YAYO) Accounts Receivable : $0.85 Mil (As of Mar. 2023)

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What is EVmo Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. EVmo's accounts receivables for the quarter that ended in Mar. 2023 was $0.85 Mil.

Accounts receivable can be measured by Days Sales Outstanding. EVmo's Days Sales Outstanding for the quarter that ended in Mar. 2023 was 20.06.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. EVmo's Net-Net Working Capital per share for the quarter that ended in Mar. 2023 was $-0.32.

EVmo Accounts Receivable Historical Data

The historical data trend for EVmo'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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EVmo Accounts Receivable Chart

EVmo Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Accounts Receivable

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0.06

0.12

0.75

0.92

EVmo Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
Accounts Receivable	Get a 7-Day Free Trial															0.76	0.80	0.79	0.92	0.85

EVmo Accounts Receivable Calculation

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

EVmo 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.

EVmo's Days Sales Outstanding for the quarter that ended in Mar. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.845	/	3.844	*	91
=	20.06

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

EVmo's Net-Net Working Capital Per Share for the quarter that ended in Mar. 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)
=	(1.28	+	0.75 * 0.845	+	0.5 * 0	-	24.862
-	0	-	0)	/	71.3027
=	-0.32

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.

EVmo Accounts Receivable Related Terms

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EVmo (YAYO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » EVmo Inc (OTCPK:YAYO) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

3201 N. Sepulveda boulevard, Manhattan Beach, CA, USA, 90266

Website

https://www.evmo.com

EVmo Inc is a technology-related car rental company. The company owns and maintains a fleet of new cars and provides them on a rental basis to rideshare drivers. The business is spread across the United States of America.

Executives

John Patrick O'neill	director	C/O YAYYO, INC., 433 N. CAMDEN DRIVE, SUITE 600, BEVERLY HILLS CA 90210
Stephen M. Sanchez	director	C/O YAYYO, INC., 433 N. CAMDEN DRIVE, SUITE 600, BEVERLY HILLS CA 90210
Terren S Peizer	director, 10 percent owner, officer: Exe. Cha. of the Board of Dir.	11111 SANTA MONICABLVD STE.500, LOS ANGELES CA 90025
Ryan Christopher Saathoff	officer: Chief Financial Officer	3556 RYAN DR., ESCONDIDO CA 92025
Bitnile Holdings, Inc.	10 percent owner	11411 SOUTHERN HIGHLANDS PARKWAY, SUITE 240, LAS VEGAS NV 89141
Gray Mars Venus Trust, Arizona 2015	10 percent owner	433 N. CAMDEN DRIVE, SUITE 600, BEVERLY HILLS CA 90210
Batrawi Ramy El	director, officer: Chief Executive Officer	C/O YAYYO, INC., 433 N. CAMDEN DRIVE, SUITE 600, BEVERLY HILLS CA 90210
Acuitas Group Holdings, Llc	10 percent owner	2120 COLORADO AVENUE, #230, SANTA MONICA CA 90404
John Gray	10 percent owner	75 AVON AVENUE, MILL VALLEY CA 94941
Harbant Sidhu	director	433 N. CAMDEN DRIVE, SUITE 600, BEVERLY HILLS CA 90210
Ryan Saathoff	officer: Chief Financial Officer	433 N. CAMDEN DRIVE, SUITE 600, BEVERLY HILLS CA 90210
Douglas M. Mox	director	C/O YAYYO, INC., 433 N. CAMDEN DRIVE, SUITE 600, BEVERLY HILLS CA 90210
Boyd Bishop	officer: President	C/O YAYYO, INC., 433 N. CAMDEN DRIVE, SUITE 600, BEVERLY HILLS CA 90210
David Haley	10 percent owner	433 N. CAMDEN DRIVE, SUITE 600, BEVERLY HILLS CA 90210
Laurie Digiovanni	officer: Chief Operating Officer	433 N. CAMDEN DRIVE, SUITE 600, BEVERLY HILLS CA 90210