iSun (ISUN) Accounts Receivable : $12.99 Mil (As of Dec. 2023)

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What is iSun Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. iSun's accounts receivables for the quarter that ended in Dec. 2023 was $12.99 Mil.

Accounts receivable can be measured by Days Sales Outstanding. iSun's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 46.64.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. iSun's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-0.84.

iSun Accounts Receivable Historical Data

The historical data trend for iSun'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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iSun Accounts Receivable Chart

iSun Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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7.30

6.22

14.34

8.78

12.99

iSun Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Accounts Receivable	Get a 7-Day Free Trial															8.78	9.82	11.24	13.13	12.99

iSun Accounts Receivable Calculation

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

iSun 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.

iSun's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	12.987	/	25.409	*	91
=	46.64

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

iSun's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 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)
=	(3.463	+	0.75 * 12.987	+	0.5 * 1.494	-	53.581
-	0	-	0)	/	47.3175
=	-0.84

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.

iSun Accounts Receivable Related Terms

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iSun (ISUN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » iSun Inc (NAS:ISUN) » Definitions » Accounts Receivable

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Traded in Other Exchanges

4U1A:Germany

Address

400 Avenue D, Suite 10, Williston, VT, USA, 05495

Website

https://www.isunenergy.com

iSun Inc is a solar energy services and infrastructure deployment company. Its service provides services include solar, storage, and electric vehicle infrastructure, design, development and professional services, engineering, procurement, installation, O&M, and storage. It operates in all solar markets including residential, commercial, industrial, and utility segments.

Executives

Claudia Michel Meer	director	5425 WICKFORD DRIVE, NORTH BETHESDA MD 20852
Frederick Jr Myrick	director, 10 percent owner, officer: Executive Vice President	1 HICKORY LANE, ESSEX JUNCTION VT 05452
Jeffrey Peck	director, 10 percent owner, officer: Chief Executive Officer	618 BRENNAN WOODS DRIVE, WILLISTON VT 05495
John Patrick Sullivan	officer: Chief Financial Officer	97 OVERLAKE PARK, BURLINGTON VT 05401
Michael Paul D'amato	officer: Chief Strategy Officer	208 MIDWOOD STREET, BROOKLYN NY 11225
Daniel Reid Dus	officer: President of iSun Industrial	850 SUMMER ST, M9, LEE MA 01238
Andrew Christian Matthy	director	400 AVENUE D, WILLISTON VT 05495
Merritt Harold Kenneth Jr.	officer: Secretary	C/O ISUN, INC., 400 AVE D, SUITE 10, WILLISTON VT 05495
Sass Peress	officer: Chief Innovation Officer	7501 MOUNTAIN SIGHTS, APT 505, MONTREAL A8 H4P0A8
Mats Wennberg	10 percent owner	240 S PINEAPPLE AVE, STE 701, SARASOTA FL 34236
Joseph A Bobier	other: Member of group that owns 10%	240 S PINEAPPLE AVE, STE 701, SARASOTA FL 34236
Roger G Branton	10 percent owner	240 S PINEAPPLE AVE, STE 701, SARASOTA FL 34236
Richard L Mooers	10 percent owner	240 S PINEAPPLE AVE, STE 701, SARASOTA FL 34236
Douglas Rose	director	802 HITCHING POST RD, VISTA CA 92081
Stewart I. Martin	director	598 SW 16TH STREET, BOCA RATON FL 33432