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Acorn Energy (Acorn Energy) Accounts Receivable : $0.54 Mil (As of Dec. 2023)


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What is Acorn Energy Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Acorn Energy's accounts receivables for the quarter that ended in Dec. 2023 was $0.54 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Acorn Energy's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 21.74.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Acorn Energy's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-1.62.


Acorn Energy Accounts Receivable Historical Data

The historical data trend for Acorn 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.

* Premium members only.

Acorn Energy Accounts Receivable Chart

Acorn Energy Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.96 0.61 0.88 0.60 0.54

Acorn Energy Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Accounts Receivable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.60 0.77 0.70 0.58 0.54

Acorn Energy Accounts Receivable Calculation

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


Acorn 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.

Acorn Energy's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0.536/2.25*91
=21.74

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

Acorn Energy'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)
=(1.449+0.75 * 0.536+0.5 * 0.962-6.275
-0-0.012)/2.43461
=-1.62

* 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.


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.


Acorn Energy Accounts Receivable Related Terms

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Acorn Energy (Acorn Energy) Business Description

Traded in Other Exchanges
N/A
Address
1000 N West Street, Suite 1200, Wilmington, DE, USA, 19801
Acorn Energy Inc is a holding company which focuses on technology-driven solutions for energy infrastructure asset management. It operates through two segments namely, the PG segment and the CP segment. PG segment provides wireless remote monitoring and control systems and services for critical assets as well as Internet of Things applications which account for majority of the revenue. CP segment is engaged in providing remote monitoring of cathodic protection systems on gas pipelines for gas utilities and pipeline companies.
Executives
Tracy Simmons Clifford officer: CFO 10 N. ADGER'S WHARF, CHARLESTON SC 29401
Jan H Loeb director, officer: President and CEO LEAP TIDE CAPITAL MANAGEMENT, 10451 MILL RUN CIRCLE SUITE 400, OWINGS MILLS MD 21117
Peter Rabover director C/O ARTKO CAPITAL LLC, 1091 E BAYAUD AVE, APT W2808, DENVER CO 80209
Gary Mohr director C/O UE SYSTEMS INC., 14 HAYES STREET, ELMSFORD NY 10532
Leap Tide Capital Acorn Llc 10 percent owner 10451 MILL RUN CIRCLE, SUITE 400, OWINGS MILLS MD 21117
Walter Iv Czarnecki officer: OmniMetrix LLC President & CEO OMNIMETRIX, LLC, 4295 HAMILTON MILL ROAD, SUITE 100, BUFORD GA 30518
Michael Osterer director C/O UE SYSTEMS INC., 14 HAYES STREET, ELMSFORD NY 10532
Woolard Edgar S Jr director C/O NEW YORK STOCK EXCHANGE, INC., 11 WALL STREET, NEW YORK NY 10005
John A Moore officer: Chief Executive Officer 403 MARSH LANE, WILMINGTON DE 19807
Christopher E Clouser director C/O ACORN ENERGY, INC., 4 WEST ROCKLAND RD, MONTCHANIN DE 19710
Mannie L Jackson director ALFRED P SLOAN FOUNDATION, 630 FIFTH AVENUE SUITE 2550, NEW YORK NY 10111-0242
Mark A Bashforth officer: CEO and President of USSI C/O ACORN ENERGY, INC., 3903 CENTERVILLE ROAD, WILMINGTON DE 19807
Andy Sassine director 82 DEVONSHIRE STREET, BOSTON MA 02109
Mckee Robert E Iii director 14927 SANDALFOOT, HOUSTON TX 77095
Deena Redding officer: President of OmniMetrix, LLC OMNIMETRIX, LLC, 5225 BELLE WOOD COURT, BUFORD GA 30518

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