Enphase Energy (Enphase Energy) Accounts Receivable : $364 Mil (As of Mar. 2024)

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What is Enphase Energy Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Enphase Energy's accounts receivables for the quarter that ended in Mar. 2024 was $364 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Enphase Energy's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 126.26.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Enphase Energy's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $-2.23.

Enphase Energy Accounts Receivable Historical Data

The historical data trend for Enphase Energy'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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Enphase Energy Accounts Receivable Chart

Enphase Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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145.41

182.17

333.63

440.90

445.96

Enphase Energy 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															516.11	520.31	560.29	445.96	364.36

Enphase Energy Accounts Receivable Calculation

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

Enphase Energy 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	364.364	/	263.339	*	91
=	126.26

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

Enphase Energy'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)
=	(1629.593	+	0.75 * 364.364	+	0.5 * 207.893	-	2310.257
-	0	-	0)	/	135.989
=	-2.23

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.

Enphase Energy Accounts Receivable Related Terms

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Enphase Energy (Enphase Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Enphase Energy Inc (NAS:ENPH) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

ENPH:Mexico E0P:Germany E0P:Germany ENPH:Austria

Address

47281 Bayside Parkway, Fremont, CA, USA, 94538

Website

https://www.enphase.com

Enphase Energy is a global energy technology company. The company delivers smart, easy-to-use solutions that manage solar generation, storage, and communication on one platform. The company's microinverter technology primarily serves the rooftop solar market and produces a fully integrated solar-plus-storage solution. Geographically, it derives a majority of revenue from the United States.

Executives

Badrinarayanan Kothandaraman	officer: President & CEO	ENPHASE ENERGY INC., 1420 NORTH MCDOWELL BLVD, PETALUMA CA 94954
Thurman J Rodgers	director	535 EASTVIEW WAY, WOODSIDE CA 94062
David A Ranhoff	officer: VP & Chief Commercial Officer	MEMC ELECTRONIC MATERIALS, 501 PEARL DRIVE, ST. PETERS MO 63366
Richard Mora	director	C/O LANDIS+GYR, 30000 MILL CREEK AVE, SUITE 3022, ALPHARETTA GA 30022
Mandy Yang	officer: Chief Accounting Officer	C/O ENPHASE ENERGY, INC., 47281 BAYSIDE PARKWAY, FREMONT CA 94538
Jeff Mcneil	officer: Chief Operating Officer	47281 BAYSIDE PARKWAY, FREMONT CA 94538
Joseph Ian Malchow	director	C/O ENPHASE ENERGY, 47281 BAYSIDE PARKWAY, FREMONT CA 94538
Steven J Gomo	director	495 E. JAVA DRIVE, SUNNYVALE CA 94089
Benjamin John Kortlang	director, 10 percent owner	2750 SAND HILL ROAD, MENLO PARK CA 94025
Eric Branderiz	officer: VP & Chief Financial Officer	915 DEGUIGNE DRIVE, PO BOX 3453, SUNNYVALE CA 94088-3453
Jamie Elizabeth Haenggi	director	1501 YAMATO ROAD, BOCA RATON FL 33431
Moreno Isidoro Quiroga	10 percent owner	VENIDA PRESIDENTE RIESCO 5711 OFICINA 16, LAS CONDES, SANTIAGO F3 7550000
South Lake One Llc	10 percent owner	250 WEST 55TH STREET, NEW YORK NY 10019
John Howard Weber	director	600 CORPORATION DRIVE, PENDLETON IN 46064
Humberto Garcia	officer: VP and CFO	1420 N. MCDOWELL BLVD., PETALUMA CA 94954