NIO (NIO) Accounts Receivable : $652 Mil (As of Dec. 2023)

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What is NIO Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. NIO's accounts receivables for the quarter that ended in Dec. 2023 was $652 Mil.

Accounts receivable can be measured by Days Sales Outstanding. NIO's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 24.85.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. NIO's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-2.42.

NIO Accounts Receivable Historical Data

The historical data trend for NIO'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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NIO Accounts Receivable Chart

NIO Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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192.78

171.87

439.26

734.14

652.31

NIO 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															734.14	793.01	791.03	736.16	652.31

NIO Accounts Receivable Calculation

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

NIO 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	652.314	/	2395.336	*	91
=	24.85

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

NIO'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)
=	(6966.922	+	0.75 * 652.314	+	0.5 * 739.157	-	12835.435
-	0	-	26.526)	/	2080.56
=	-2.42

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.

NIO Accounts Receivable Related Terms

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NIO (NIO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » NIO Inc (NYSE:NIO) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

NIOIF:USA NIO:Singapore NIO:Mexico 09866:Hong Kong N3I:Germany N3I:Germany N3IA:Germany N3IA:Germany

Address

No. 56 AnTuo Road, Building 20, Anting Town, Jiading District, Shanghai, CHN, 201804

Website

https://www.nio.com

Nio is a leading electric vehicle maker, targeting the premium segment. Founded in November 2014, Nio designs, develops, jointly manufactures, and sells premium smart electric vehicles. The company differentiates itself through continuous technological breakthroughs and innovations such as battery swapping and autonomous driving technologies. Nio launched its first model, its ES8 seven-seater electric SUV, in December 2017, and began deliveries in June 2018. Its current model portfolio includes midsize to large sedans and SUVs. It sold over 122,000 EVs in 2022, accounting for about 2% of the China passenger new energy vehicle market.