ELMSQ (Electric Last Mile Solutions) Accounts Receivable: $0.14 Mil (As of Sep. 2021)

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What is Electric Last Mile Solutions Accounts Receivable?

Electric Last Mile Solutions ELMSQ -37.50% Accounts Receivable is $0.14 Mil as of Sep. 2021.

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Electric Last Mile Solutions's accounts receivables for the quarter that ended in Sep. 2021 was $0.14 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Electric Last Mile Solutions's Days Sales Outstanding for the quarter that ended in Sep. 2021 was 91.25.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Electric Last Mile Solutions's Net-Net Working Capital per share for the quarter that ended in Sep. 2021 was $0.25.

Electric Last Mile Solutions 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.

Electric Last Mile Solutions's Days Sales Outstanding for the quarter that ended in Sep. 2021 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0.136/0.136*91
=91.25

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

Electric Last Mile Solutions's Net-Net Working Capital Per Share for the quarter that ended in Sep. 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)
=(143.154+0.75 * 0.136+0.5 * 7.579-117.013
-0-0)/118.777
=0.25

* 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.

Electric Last Mile Solutions Accounts Receivable Related Terms

Electric Last Mile Solutions Accounts Receivable Historical Data

* Premium members only.

The historical data trend for Electric Last Mile Solutions'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.

Electric Last Mile Solutions Accounts Receivable Chart

Electric Last Mile Solutions Annual Data
Trend
Accounts Receivable

Electric Last Mile Solutions Quarterly Data
Jun21 Sep21
Accounts Receivable 0.00 0.14

Electric Last Mile Solutions 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 $0.14 Mil mean?
Electric Last Mile Solutions (ELMSQ) has a Accounts Receivable of $0.14 Mil as of Sep. 2021. Accounts receivable is the amount a company expects to receive from credit-extending customers. View historical data on Electric Last Mile Solutions and its competitors.
Is Electric Last Mile Solutions' Accounts Receivable too high?
Electric Last Mile Solutions' current Accounts Receivable is $0.14 Mil.
How does Electric Last Mile Solutions' Accounts Receivable compare to EVTV and AYRO?
Electric Last Mile Solutions' Accounts Receivable of $0.14 Mil can be compared against companies in the Vehicles & Parts 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 Vehicles & Parts company?
A good Accounts Receivable depends on the Vehicles & Parts 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 Electric Last Mile Solutions and its competitors. Electric Last Mile Solutions's current Accounts Receivable is $0.14 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Electric Last Mile Solutions stock overvalued right now?
Electric Last Mile Solutions (ELMSQ) has a current Accounts Receivable of $0.14 Mil. The current Accounts Receivable is $0.14 Mil. 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 Electric Last Mile Solutions (ELMSQ), the current Accounts Receivable is $0.14 Mil as of Sep. 2021. 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.

Electric Last Mile Solutions Business Description

Address 1055 West Square Lake Road, Troy, MI, USA, 48098
Electric Last Mile Solutions Inc is focused on redefining the last mile with efficient, connected, and customizable solutions. Its first vehicle, the Urban Delivery, is anticipated to be the first Class 1 commercial electric vehicle in the U.S. market.