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eFleets (eFleets) Accounts Receivable : $0.17 Mil (As of Jun. 2014)


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What is eFleets Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. eFleets's accounts receivables for the quarter that ended in Jun. 2014 was $0.17 Mil.

Accounts receivable can be measured by Days Sales Outstanding. eFleets's Days Sales Outstanding for the quarter that ended in Jun. 2014 was 58.96.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. eFleets's Net-Net Working Capital per share for the quarter that ended in Jun. 2014 was $-0.82.


eFleets Accounts Receivable Historical Data

The historical data trend for eFleets'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.

* Premium members only.

eFleets Accounts Receivable Chart

eFleets Annual Data
Trend May09 May10 May11 May12 Dec13
Accounts Receivable
- - - - -

eFleets Quarterly Data
Aug09 Nov09 Feb10 May10 Aug10 Nov10 Feb11 May11 Aug11 Nov11 Feb12 May12 Aug12 Nov12 Feb13 Jun13 Sep13 Dec13 Mar14 Jun14
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 0.09 0.08 - - 0.17

eFleets Accounts Receivable Calculation

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


eFleets 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.

eFleets's Days Sales Outstanding for the quarter that ended in Jun. 2014 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0.168/0.26*91
=58.96

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

eFleets's Net-Net Working Capital Per Share for the quarter that ended in Jun. 2014 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)
=(0.001+0.75 * 0.168+0.5 * 0.118-7.478
-0-0)/8.87974
=-0.82

* 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.


eFleets Accounts Receivable Related Terms

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eFleets (eFleets) Business Description

Traded in Other Exchanges
N/A
Address
7660 Pebble Drive, Fort Worth, TX, USA, 76118
Website
eFleets Corp is focused on the design, development and manufacturing of an all-electric fleet vehicle for the essential services market. The company's all-electric vehicles are designed for use in traffic control/parking enforcement, security, small package delivery, military, maintenance, airport services, warehouses, and other comparable utility application. Its electric vehicles offer a zero-emission, high performance, low-maintenance and affordable alternative to specifically meet the needs of fleet vehicles in the essential services market. The company is focused on developing technology for its battery management and integrated drive system, which maximizes energy efficiency to satisfy the needs of its customers.

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