Electriq Power Holdings (Electriq Power Holdings) Accounts Receivable : $0.37 Mil (As of Sep. 2023)

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What is Electriq Power Holdings Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Electriq Power Holdings's accounts receivables for the quarter that ended in Sep. 2023 was $0.37 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Electriq Power Holdings's Days Sales Outstanding for the quarter that ended in Sep. 2023 was 40.70.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Electriq Power Holdings's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was $-0.57.

Electriq Power Holdings Accounts Receivable Historical Data

The historical data trend for Electriq Power Holdings'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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Electriq Power Holdings Accounts Receivable Chart

Electriq Power Holdings Annual Data

Trend

Dec21

Dec22

Accounts Receivable

0.92

0.32

Electriq Power Holdings Quarterly Data
	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23
Accounts Receivable	Get a 7-Day Free Trial			-	-	0.32	-	0.37

Electriq Power Holdings Accounts Receivable Calculation

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

Electriq Power Holdings 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.

Electriq Power Holdings's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.372	/	0.834	*	91
=	40.70

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

Electriq Power Holdings's Net-Net Working Capital Per Share for the quarter that ended in Sep. 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)
=	(8.1	+	0.75 * 0.372	+	0.5 * 20.929	-	40.558
-	0	-	0)	/	38.0203
=	-0.57

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.

Electriq Power Holdings Accounts Receivable Related Terms

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Electriq Power Holdings (Electriq Power Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Electriq Power Holdings Inc (OTCPK:ELIQQ) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

625 North Flagler Drive, Suite 1003, West Palm Beach, FL, USA, 33401

Website

https://www.electriqpower.com

Electriq Power Holdings Inc is an energy storage company developing fully integrated energy management and storage solutions for homes and small businesses. The company solutions deliver always-available, low-cost clean energy, even during intermittent outages and inclement weather. Those solutions enable cities, municipalities and utilities to provide their constituents with a path to sustainable and resilient sources of energy, regardless of socio-economic status.

Executives

Petrina Thomson	officer: Chief Financial Officer	625 N. FLAGLER DRIVE, SUITE 1003, WEST PALM BEACH FL 33401
Jan Klube	officer: Chief Technology Officer	625 N. FLAGLER DRIVE, SUITE 1003, WEST PALM BEACH FL 33401
Carol L Coughlin	director	C/O HAMILTON BANCORP, INC., 501 FAIRMOUNT AVENUE, SUITE 200, TOWSON MD 21286
Jennifer Elaine Lowry	director	2 HOLLINS AVE, BALTIMORE MD 21210
Neha Palmer	director	1021 MAIN ST., SUITE #1960, HOUSTON TX 77002
Gbif Management Ltd.	director, 10 percent owner	2345 YONGE STREET, SUITE 804, TORONTO A6 M4P 2E5
Hoof James Van Jr	officer: See Remarks	625 N. FLAGLER DRIVE SUITE 1003, WEST PALM BEACH FL 33401
Gideon Soesman	director	625 N. FLAGLER DRIVE SUITE 1003, WEST PALM BEACH FL 33401
Frank A Magnotti	director, officer: Chief Executive Officer	C/O COMVERGE, INC., 120 EAGLE ROCK AVENUE, SUITE 190, EAST HANOVER NJ 07936
Kristina A. Peterson	director	C/O BLINK CHARGING CO., 605 LINCOLN ROAD, 5TH FLOOR, MIAMI BEACH FL 33139
John M Lawrie	director, 10 percent owner, officer: See Remarks	DXC TECHNOLOGY COMPANY, 1775 TYSONS BOULEVARD, TYSONS VA 22102
Zainabu Oke	director	8300 GOLF LINKS ROAD, OAKLAND CA 94605
Edward Ho	director	1775 TYSONS BOULEVARD, TYSONS VA 22102
Tlg Acquisition Founder Llc	10 percent owner	515 NORTH FLAGLER DRIVE, SUITE 520, WEST PALM BEACH FL 33401
Kristin Muhlner	director	3877 FAIRFAX RIDGE ROAD, SOUTH TOWER, FAIRFAX VA 22030