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Workhorse Group Change In Receivables

: $-0.94 Mil (TTM As of Mar. 2021)
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Workhorse Group's change in receivables for the quarter that ended in Mar. 2021 was $-0.01 Mil. It means Workhorse Group's Accounts Receivable increased by $0.01 Mil from Dec. 2020 to Mar. 2021 .

Workhorse Group's change in receivables for the fiscal year that ended in Dec. 2020 was $-0.96 Mil. It means Workhorse Group's Accounts Receivable increased by $0.96 Mil from Dec. 2019 to Dec. 2020 .

Workhorse Group's Accounts Receivable for the quarter that ended in Mar. 2021 was $1.14 Mil.

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 Receivable are being managed. Workhorse Group's Days Sales Outstanding for the three months ended in Mar. 2021 was 200.01.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Workhorse Group's liquidation value for the three months ended in Mar. 2021 was $211.06 Mil.


Workhorse Group Change In Receivables Historical Data

* 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.

Workhorse Group Annual Data
Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Change In Receivables Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -1.05 -0.22 1.02 0.08 -0.96

Workhorse Group Quarterly Data
Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21
Change In Receivables 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 Premium Member Only Premium Member Only Premium Member Only -0.04 0.02 -0.51 -0.44 -0.01

Workhorse Group Change In Receivables Calculation

Change In Accounts Receivable relative to the previous period. It is any increase or decrease in the cash a company is owed by its customers.

Change In Receivables for the trailing twelve months (TTM) ended in Mar. 2021 was 0.02 (Jun. 2020 ) + -0.51 (Sep. 2020 ) + -0.437 (Dec. 2020 ) + -0.01 (Mar. 2021 ) = $-0.94 Mil.

* 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.


Workhorse Group  (NAS:WKHS) Change In Receivables 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 Receivable are being managed.

Workhorse Group's Days Sales Outstanding for the quarter that ended in Mar. 2021 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=1.142/0.521*91
=200.01

2. In Ben Graham's calculation of liquidation value, Workhorse Group's accounts receivable are only considered to be worth 75% of book value:

Workhorse Group's liquidation value for the quarter that ended in Mar. 2021 is calculated as:

Liquidation Value
=Cash, Cash Equivalents, Marketable Securities-Total Liabilities+(0.75 * Accounts Receivable)+(0.5 * Total Inventories)
=399.026-204.159+0.75 * 1.142+0.5 * 30.671
=211.06

* 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.


Workhorse Group Change In Receivables Related Terms


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