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Pioneer Power Solutions (Pioneer Power Solutions) Accounts Receivable : $8.94 Mil (As of Sep. 2023)


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What is Pioneer Power Solutions Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Pioneer Power Solutions's accounts receivables for the quarter that ended in Sep. 2023 was $8.94 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Pioneer Power Solutions's Days Sales Outstanding for the quarter that ended in Sep. 2023 was 65.53.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Pioneer Power Solutions's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was $0.12.


Pioneer Power Solutions Accounts Receivable Historical Data

The historical data trend for Pioneer Power Solutions'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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Pioneer Power Solutions Accounts Receivable Chart

Pioneer Power Solutions Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.38 3.72 2.59 2.43 11.14

Pioneer Power Solutions Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
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 3.82 11.14 7.86 5.84 8.94

Pioneer Power Solutions Accounts Receivable Calculation

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


Pioneer Power Solutions 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.

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

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=8.936/12.443*91
=65.53

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

Pioneer Power Solutions'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)
=(7.581+0.75 * 8.936+0.5 * 8.28-17.262
-0-0)/9.93002
=0.12

* 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.


Pioneer Power Solutions Accounts Receivable Related Terms

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Pioneer Power Solutions (Pioneer Power Solutions) Business Description

Traded in Other Exchanges
N/A
Address
400 Kelby Street, 12th Floor, One Parker Plaza, Fort Lee, NJ, USA, 07024
Pioneer Power Solutions Inc manufactures, sells, and services a broad range of specialty electrical transmission, distribution, and on-site power generation equipment for applications in the utility, industrial, commercial and backup power markets. Its principal products and services include custom-engineered electrical transformers, switchgear and engine-generator sets and controls, complemented by a national field-service network to maintain and repair power generation assets. Pioneer Power works in two reportable segments: Transmission and Distribution Solutions (T&D Solutions) and Critical Power Solutions (Critical Power). Pioneer generates most of its revenue from the United States of America.
Executives
Nathan Mazurek 10 percent owner, officer: President, CEO, Chairman C/O PIONEER POWER SOLUTIONS, INC., 400 KELBY STREET 9TH FLOOR, FORT LEE NJ 07024
Kytchener Stevenson Whyte director 400 KELBY STREET, 12TH FLOOR, FORT LEE NJ 07024
Wojciech Michalec officer: Interim CFO 400 KELBY STREET, 12TH FLOOR, FORT LEE NJ 07024
A. Lawrence Carroll Trust 10 percent owner 415 L'AMBIANCE DRIVE, APT. 804, LONGBOAT KEY FL 34228
David Tesler director 400 KELBY STREET, 9TH FLOOR, FORT LEE NJ 07024
Jonathan Tulkoff director 400 KELBY STREET, 9TH FLOOR, FORT LEE NJ 07024
Thomas Klink director, officer: See Remarks 400 KELBY STREET, 9TH FLOOR, FORT LEE NJ 07024
Andrew Minkow director, officer: CFO, Secretary and Treasurer 400 KELBY STREET, 9TH FLOOR, FORT LEE NJ 07024
Ian Ross director 400 KELBY STREET, 9TH FLOOR, FORT LEE NJ 07024
Yossi Cohn director 400 KELBY STREET, 9TH FLOOR, FORT LEE NJ 07024
David J. Landes director, 10 percent owner 400 KELBY STREET, 9TH FLOOR, FORT LEE NJ 07024
Provident Pioneer Partners, L.p. 10 percent owner 400 KELBY STREET, 9TH FLOOR, FORT LEE NJ 07024
Provident Canada Corp. 10 percent owner 400 KELBY STREET, 9TH FLOOR, FORT LEE NJ 07024