Correlate Energy (Correlate Energy) Accounts Receivable : $0.19 Mil (As of Mar. 2024)

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What is Correlate Energy Accounts Receivable?

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 Mar. 2024 was $0.19 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Correlate Energy's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 38.99.

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 Mar. 2024 was $-0.21.

Correlate Energy Accounts Receivable Historical Data

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.

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Correlate Energy Accounts Receivable Chart

Correlate Energy Annual Data

Trend

Dec14

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Dec16

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Dec19

Dec20

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Dec23

Accounts Receivable

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0.04

0.41

Correlate Energy Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Accounts Receivable	Get a 7-Day Free Trial															-	-	-	0.41	0.19

Correlate Energy Accounts Receivable Calculation

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

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 Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.185	/	0.433	*	91
=	38.99

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 Mar. 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)
=	(0.102	+	0.75 * 0.185	+	0.5 * 0	-	8.866
-	0	-	0)	/	40.1391
=	-0.21

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.

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Correlate Energy (Correlate Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Correlate Energy Corp (OTCPK:CIPI) » Definitions » Accounts Receivable

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Traded in Other Exchanges

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Address

220 Travis Street, Suite 501, Shreveport, LA, USA, 71101

Website

https://www.correlate.energy

Correlate Energy Corp Formerly Correlate Infrastructure Partners Inc, 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 the United States. Through the company's true tech-enabled project development and financing platform, it provides portfolio energy optimization and clean energy solutions for sustainable profit growth in buildings nationwide.

Executives

Eli Albrecht	director	176 S. CAPITOL BLVD., 2ND FLOOR, BOISE ID 83702
Channing F. Chen	officer: Chief Financial Officer	25 ARUNDEL RD, BURLINGAME CA 94010
G Robert Powell	director	P.O. BOX 1204, LAFAYETTE CA 94549
Matthew C Flemming	director	18614 RESICA FALLS, HOUSTON TX 77094
Jason Loyet	director	205 DEMONBREUN STREET, 1801, NASHVILLE TN 37201
Todd Robert Michaels	director, officer: CEO and President	3212 S. EAGLE BROOK LANE, EAGLE ID 83616
Hunt Cory Gerald	director	939 MAYDEL PALMER VISTA NORTH, LETHBRIDGE A0 T1H7B7
Newton W. Dorsett	10 percent owner	220 TRAVIS STREET, SUITE 501, SHREVEPORT LA 71101
Tim Burroughs	officer: President, CEO	2717 SUN MEADOW DR, FLOWER MOUND TX 75022
Daniel R Robinson	director	190 COYOTE COURT, ARGYLE TX 76226
Donald R Lawhorne	director	2435 NORTH CENTRAL EXPRESSWAY, SUITE 200, RICHARDSON TX 75080
Kenneth Conte	officer: Chief Financial Officer	12222 MERIT DRIVE, SUITE 1850, DALLAS TX 75251
Charles David York	officer: Executive Vice President	5004 JOSHUA DRIVE, FLOWER MOUND TX 75028
Sherri Cecotti	officer: Vice President	3030 LBJ FREEWAY, SUITE 1320, DALLAS TX 75234
Bernard O'donnell	director	3505 WOODHAVEN DRIVE, DALLAS TX 75234