Canoo (GOEV) Accounts Receivable : $0.79 Mil (As of Sep. 2024)

View and export this data going back to 2020. Start your Free Trial

What is Canoo Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Canoo's accounts receivables for the quarter that ended in Sep. 2024 was $0.79 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Canoo's Days Sales Outstanding for the quarter that ended in Sep. 2024 was 80.50.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Canoo's Net-Net Working Capital per share for the quarter that ended in Sep. 2024 was $-69.50.

Canoo Accounts Receivable Historical Data

The historical data trend for Canoo'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.

Canoo Accounts Receivable Chart

Canoo Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

Canoo 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															-	-	-	-	0.79

Canoo Accounts Receivable Calculation

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

Canoo 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.786	/	0.891	*	91
=	80.50

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

Canoo'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)
=	(1.533	+	0.75 * 0.786	+	0.5 * 9.913	-	301.33
-	8.78	-	0)	/	4.360
=	-69.50

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.

Canoo Accounts Receivable Related Terms

Thank you for viewing the detailed overview of Canoo's Accounts Receivable provided by GuruFocus.com. Please click on the following links to see related term pages.

Canoo Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Canoo Inc (OTCPK:GOEV) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

19951 Mariner Avenue, Torrance, CA, USA, 90503

Website

https://www.canoo.com

Canoo Inc is a mobility technology company providing with a proprietary modular electric vehicle platform and connected services initially focused on commercial fleet, government and military customers. The Company has developed a breakthrough EV platform that it believes will enable it to rapidly iterate and bring new products, addressing multiple use cases, to market faster than competition and at lower cost.

Executives

Ramesh Murthy	officer: SVP, CAO and ICFO	19951 MARINER AVENUE, TORRANCE CA 90503
Hector M. Ruiz	officer: General Counsel, Corp Secy	C/O CANOO INC., 19951 MARINER AVENUE, TORRANCE CA 90503
Greg Ethridge	director	585 WEED STREET, NEW CANAAN CT 06840
Josette Sheeran	director	C/O CANOO INC., 19951 MARINER AVE., TORRANCE CA 90503
Kenneth Manget	officer: Chief Financial Officer	C/O NORTHERN GENESIS ACQUISITION CORP., 4801 MAIN STREET, SUITE 1000, KANSAS CITY MO 64112
Tony Aquila	director, 10 percent owner, officer: Executive Chairman and CEO	2126 HAMILTON ROAD, SUITE 260, ARGYLE TX 76226
Dd Global Holdings Ltd	10 percent owner	WAN CHAI DISTRICT, NO. 6-8 HARBOUR RD., SHUI ON CENTRE, SUITE 1204-1207, HONG KONG K3 00000
De Capital Ltd	10 percent owner	RM 1204-07 SHUI ON CENTRE, NO.6-8 HARBOUR RD, WAN CHAI, HONG KONG K3 00000
Pak Tam Li	10 percent owner	RM 1204-07 SHUI ON CENTRE, NO.6-8 HARBOUR RD, WAN CHAI, HONG KONG K3 00000
Champ Key Ltd	10 percent owner	WAN CHAI DISTRICT, NO. 6-8 HARBOUR RD., SHUI ON CENTRE, SUITE 1204-1207, HONG KONG K3 00000
Victor Chu	10 percent owner	C/O REMARKABLE VIEWS CONSULTANTS LTD., 4F, NO. 13-19, SEC. 6, MINQUAN E. ROAD, TAIPEI F5 114
Remarkable Views Consultants Ltd.	10 percent owner	4F, NO. 13-19, SEC. 6, MINQUAN E. ROAD, NEIHU DIST., TAIPEI F5 114
Thomas A Dattilo	director	COOPER TIRE & RUBBER COMPANY, 701 LIMA AVENUE, FINDLAY OH 45840
Renato Giger	officer: SVP and Interim CFO	C/O CANOO INC., 19951 MARINER AVENUE, TORRANCE CA 90503
Edelman Claudia Romo	director	C/O CANOO INC., 19951 MARINER AVENUE, TORRANCE CA 90503