CIPI (Correlate Energy) Accounts Receivable: $0.07 Mil (As of Sep. 2024)

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CIPI Correlate Energy Corp CIPI
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What is Correlate Energy Accounts Receivable?

Correlate Energy CIPI 12 Accounts Receivable is $0.07 Mil as of Sep. 2024. GuruFocus rates CIPI with a GF Score™ of 12/100.

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Correlate Energy's accounts receivables for the quarter that ended in Sep. 2024 was $0.07 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Correlate Energy's Days Sales Outstanding for the quarter that ended in Sep. 2024 was 1.37.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Correlate Energy's Net-Net Working Capital per share for the quarter that ended in Sep. 2024 was $-0.12.


Correlate Energy 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.

Correlate Energy's Days Sales Outstanding for the quarter that ended in Sep. 2024 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0.068/4.54*91
=1.37

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

Correlate Energy's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2024 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)
=(0.318+0.75 * 0.068+0.5 * 0-9.907
-0-0)/78.281
=-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.


Correlate Energy Accounts Receivable Related Terms


Correlate Energy Accounts Receivable Historical Data

* Premium members only.

The historical data trend for Correlate Energy'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.

Correlate Energy Accounts Receivable Chart

Correlate Energy Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.04 0.00 0.41

Correlate Energy Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 0.00 0.41 0.19 0.19 0.07
CIPI
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Correlate Energy Corp CIPI
Accounts Receivable is just one metric. See GF Score™, valuation, warning signs, and more.
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Correlate Energy Accounts Receivable Calculation

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

Frequently Asked Questions Learn more about Accounts Receivable →
What does a Accounts Receivable of $0.07 Mil mean?
Correlate Energy (CIPI) has a Accounts Receivable of $0.07 Mil as of Sep. 2024. Accounts receivable is the amount a company expects to receive from credit-extending customers. View historical data on Correlate Energy and its competitors.
Is Correlate Energy's Accounts Receivable too high?
Correlate Energy's current Accounts Receivable is $0.07 Mil. Overall, Correlate Energy has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Correlate Energy's Accounts Receivable compare to WLGSF and PWR?
Correlate Energy's Accounts Receivable of $0.07 Mil can be compared against companies in the Construction industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Accounts Receivable for a Construction company?
A good Accounts Receivable depends on the Construction industry context. However, Accounts Receivable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Accounts Receivable mean?
A high Accounts Receivable can signal that a stock is expensive relative to its fundamentals. Accounts receivable is the amount a company expects to receive from credit-extending customers. View historical data on Correlate Energy and its competitors. Correlate Energy's current Accounts Receivable is $0.07 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Correlate Energy stock overvalued right now?
Correlate Energy (CIPI) has a current Accounts Receivable of $0.07 Mil. The current Accounts Receivable is $0.07 Mil. Correlate Energy's overall GF Score™ is 12/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Accounts Receivable calculated?
Accounts Receivable is calculated from a company's financial statements. For Correlate Energy (CIPI), the current Accounts Receivable is $0.07 Mil as of Sep. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Correlate Energy Business Description

Address 176 S. Capitol Boulevard, 2nd Floor, Boise, ID, USA, 83702
Correlate Energy Corp together with its subsidiaries, is a technology-enabled clean energy optimization provider that offers a complete suite of proprietary clean energy assessment and deployment solutions for commercial and industrial (C&I) building and property owners in North America. The company generates revenue from its in-house and end-to-end development and fulfillment resources for engineering, procurement, and construction services (EPC) and consulting services. Under contracts for EPC services, it provides engineering services, obtains materials, and installs materials to agreed-upon specifications. Through its consulting services, the company assists its clients in achieving certain defined project milestones.
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Accounts Receivable is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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