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Envirotech Vehicles (Envirotech Vehicles) Accounts Receivable : $0.16 Mil (As of Mar. 2021)


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What is Envirotech Vehicles Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Envirotech Vehicles's accounts receivables for the quarter that ended in Mar. 2021 was $0.16 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Envirotech Vehicles's Days Sales Outstanding for the quarter that ended in Mar. 2021 was 31.77.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Envirotech Vehicles's Net-Net Working Capital per share for the quarter that ended in Mar. 2021 was $0.03.


Envirotech Vehicles Accounts Receivable Historical Data

The historical data trend for Envirotech Vehicles'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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Envirotech Vehicles Accounts Receivable Chart

Envirotech Vehicles Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only - - 1.00 0.66 0.01

Envirotech Vehicles Quarterly Data
Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21
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 0.78 0.01 0.03 0.01 0.16

Envirotech Vehicles Accounts Receivable Calculation

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


Envirotech Vehicles 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.

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

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0.164/0.471*91
=31.77

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

Envirotech Vehicles's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2021 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)
=(8.255+0.75 * 0.164+0.5 * 0.983-2.046
-0-0)/255.234
=0.03

* 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.


Envirotech Vehicles Accounts Receivable Related Terms

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Envirotech Vehicles (Envirotech Vehicles) Business Description

Traded in Other Exchanges
N/A
Address
1215 Graphite Drive, Corona, CA, USA, 92881
Envirotech Vehicles Inc designs zero-emission electric and hybrid drivetrain systems for integration in new school buses and medium to heavy-duty commercial fleet vehicles. The company also designs patented re-power conversion kits to replace conventional drivetrain systems for combustion powered vehicles with zero-emission electric or hybrid drivetrain systems. Its product range includes Cab Over Engine Trucks and Shuttle Bus Fleets.
Executives
Michael K. Menerey director, officer: Chief Financial Officer 620 NEWPORT CENTER DRIVE, SUITE 1100, NEWPORT BEACH CA 92660
James L. Reynolds director, officer: Chief Executive Officer 620 NEWPORT CENTER DRIVE SUITE 1100, NEWPORT BEACH CA 92660
Gary W Nettles director 620 NEWPORT CENTER DRIVE, SUITE 1100, NEWPORT BEACH CA 92660
John Perkowski director TYG CENTER TOWER B, SUITE 2601, DONG SAN HUAN BEI LU BING 2, BEIJING F4 100027
Richard A. Eckert officer: Chief Operating Officer 620 NEWPORT CENTER DRIVE, SUITE 1100, NEWPORT BEACH CA 92660
Kevin G. Kanning other: VP IR & Business Development 620 NEWPORT CENTER DRIVE SUITE 1100, NEWPORT BEACH CA 92660
Janet L. Boydell director 620 NEWPORT CENTER DRIVE, SUITE 1100, NEWPORT BEACH CA 92660
John H. Roselli officer: VP of Sales and Marketing 620 NEWPORT CENTER DRIVE, SUITE 1100, NEWPORT BEACH CA 92660
Edward R. Monfort 10 percent owner, officer: Chief Technology Officer 620 NEWPORT CENTER DRIVE, SUITE 1100, NEWPORT BEACH CA 92660