AppHarvest (AppHarvest) Accounts Receivable : $3.67 Mil (As of Mar. 2023)

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What is AppHarvest Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. AppHarvest's accounts receivables for the quarter that ended in Mar. 2023 was $3.67 Mil.

Accounts receivable can be measured by Days Sales Outstanding. AppHarvest's Days Sales Outstanding for the quarter that ended in Mar. 2023 was 25.73.

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

AppHarvest Accounts Receivable Historical Data

The historical data trend for AppHarvest'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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AppHarvest Accounts Receivable Chart

AppHarvest Annual Data

Trend

Dec20

Dec21

Dec22

Accounts Receivable

1.58

2.79

AppHarvest Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
Accounts Receivable	Get a 7-Day Free Trial								1.88	1.29	-	2.79	3.67

AppHarvest Accounts Receivable Calculation

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

AppHarvest 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	3.669	/	13.011	*	91
=	25.73

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

AppHarvest'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)
=	(50.017	+	0.75 * 3.669	+	0.5 * 16.105	-	341.06
-	0	-	0)	/	0
=	N/A

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.

AppHarvest Accounts Receivable Related Terms

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AppHarvest (AppHarvest) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » AppHarvest Inc (OTCPK:APPWQ) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

500 Appalachian Way, Morehead, KY, USA, 40351

Website

https://www.appharvest.com

AppHarvest Inc operates in the agriculture sector. It is an agriculture technology company. The company is engaged in developing and operating controlled environment indoor farms.