Crown ElectroKinetics (Crown ElectroKinetics) Accounts Receivable : $0.78 Mil (As of Mar. 2024)

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What is Crown ElectroKinetics Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Crown ElectroKinetics's accounts receivables for the quarter that ended in Mar. 2024 was $0.78 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Crown ElectroKinetics's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 103.83.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Crown ElectroKinetics's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $-0.11.

Crown ElectroKinetics Accounts Receivable Historical Data

The historical data trend for Crown ElectroKinetics'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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Crown ElectroKinetics Accounts Receivable Chart

Crown ElectroKinetics Annual Data

Trend

Mar19

Mar20

Mar21

Dec22

Dec23

Accounts Receivable

0.03

0.08

Crown ElectroKinetics 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															-	-	-	0.08	0.78

Crown ElectroKinetics Accounts Receivable Calculation

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

Crown ElectroKinetics 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.

Crown ElectroKinetics's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.776	/	0.682	*	91
=	103.83

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

Crown ElectroKinetics'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)
=	(0.29	+	0.75 * 0.776	+	0.5 * 0	-	6.559
-	0	-	0)	/	51.7022
=	-0.11

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.

Crown ElectroKinetics Accounts Receivable Related Terms

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Crown ElectroKinetics (Crown ElectroKinetics) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Crown ElectroKinetics Corp (NAS:CRKN) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

1110 NE Circle Boulevard, Corvallis, OR, USA, 97330

Website

https://www.crownek.com

Crown ElectroKinetics Corp is a provider of DynamicTint. The company's technology allows any glass surface to transition between clear and dark in seconds. DynamicTint allows windows to transition from transparent to black. With applications to a wide array of windows, including commercial buildings, automotive sunroofs, and residential skylights, Crown partners with glass and film manufacturers for mass production and distribution. Its technology is a thin film that is powered by an electrically-charged pigment which not only replaces common window tints but is also a more sustainable alternative to traditional window treatments. The company is supported by a robust patent portfolio.

Executives

Douglas B Croxall	10 percent owner, officer: Chief Executive Officer	2331 MILL ROAD SUITE 100, ALEXANDRIA VA 22314
Joel Krutz	officer: Chief Financial Officer	11601 WILSHIRE BLVD., SUITE 2240, LOS ANGELES CA 90025
Gary C Hanna	director
Gizman I Abbas	director	415 WASHINGTON STREET, APT 1B, NEW YORK NY 10013
Kaijiro Sato	officer: Co-President and CMO	1110 NE CIRCLE BLVD., CORVALLIS OR 97330
Edward Kovalik	director	1 GRAND ARMY PLAZA, 11 GG, BROOKLYN NY 11238
Philip J Anderson	officer: Chief Financial Officer	SIAR CAPITAL, 600 MADISON AVENUE, NEW YORK NY 10021
John P. Marchese	director	150 TWELVE OAKS LANE, PONTE VEDRA BEACH FL 32082
Christopher H Smith	director	C/O ONEIDA LTD., 163-181 KENWOOD AVENUE, ONEIDA NY 13421
Timothy Koch	officer: Chief Technology Officer	1110 NE CIRCLE BLVD., CORVALLIS OR 97330
Dipanjan Nag	director	9335 BURNETT LANE, DUBLIN OH 43017