LMPX (LMP Automotive Holdings) Accounts Receivable: $12.1 Mil (As of Sep. 2021)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

LMPX LMP Automotive Holdings Inc LMPX
18 GF Score
Price $0.09
View Full Analysis

What is LMP Automotive Holdings Accounts Receivable?

LMP Automotive Holdings LMPX +5.88% 18 Accounts Receivable is $12.1 Mil as of Sep. 2021. GuruFocus rates LMPX with a GF Score™ of 18/100.

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. LMP Automotive Holdings's accounts receivables for the quarter that ended in Sep. 2021 was $12.1 Mil.

Accounts receivable can be measured by Days Sales Outstanding. LMP Automotive Holdings's Days Sales Outstanding for the quarter that ended in Sep. 2021 was 7.80.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. LMP Automotive Holdings's Net-Net Working Capital per share for the quarter that ended in Sep. 2021 was $-12.75.


LMP Automotive Holdings 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.

LMP Automotive Holdings's Days Sales Outstanding for the quarter that ended in Sep. 2021 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=12.091/141.433*91
=7.80

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

LMP Automotive Holdings'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)
=(22.283+0.75 * 12.091+0.5 * 45.24-177.319
-8.586-1.521)/10.470
=-12.75

* 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.


LMP Automotive Holdings Accounts Receivable Related Terms


LMP Automotive Holdings Accounts Receivable Historical Data

* Premium members only.

The historical data trend for LMP Automotive Holdings'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.

LMP Automotive Holdings Accounts Receivable Chart

LMP Automotive Holdings Annual Data
Trend Dec17 Dec18 Dec19 Dec20
Accounts Receivable
0.09 0.29 0.05 0.52

LMP Automotive Holdings Quarterly Data
Dec17 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21
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 0.50 0.52 18.35 13.05 12.09
LMPX
18GF Score
LMP Automotive Holdings Inc LMPX
Accounts Receivable is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

LMP Automotive Holdings 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 $12.1 Mil mean?
LMP Automotive Holdings (LMPX) has a Accounts Receivable of $12.1 Mil as of Sep. 2021. Accounts receivable is the amount a company expects to receive from credit-extending customers. View historical data on LMP Automotive Holdings and its competitors.
Is LMP Automotive Holdings' Accounts Receivable too high?
LMP Automotive Holdings' current Accounts Receivable is $12.1 Mil. Overall, LMP Automotive Holdings has a GF Score™ of 18/100, reflecting its overall financial health beyond just this single metric.
How does LMP Automotive Holdings' Accounts Receivable compare to LOTZ and JZXN?
LMP Automotive Holdings' Accounts Receivable of $12.1 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 LMP Automotive Holdings and its competitors. LMP Automotive Holdings's current Accounts Receivable is $12.1 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is LMP Automotive Holdings stock overvalued right now?
LMP Automotive Holdings (LMPX) has a current Accounts Receivable of $12.1 Mil. The current Accounts Receivable is $12.1 Mil. LMP Automotive Holdings' overall GF Score™ is 18/100. 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 LMP Automotive Holdings (LMPX), the current Accounts Receivable is $12.1 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.

LMP Automotive Holdings Business Description

Address 500 East Broward Boulevard, Suite 1900, Fort Lauderdale, FL, USA, 33394
LMP Automotive Holdings Inc is an e-commerce and facilities-based retail platform for consumers who desire to buy, sell, rent, subscribe for or finance pre-owned and new automobiles. Its business model is described as Buy, Rent or Subscribe, Sell and Repeat. The company offer sales of pre-owned automobiles, and rentals and subscriptions for both pre-owned and new automobiles.
18GF Score

Get the complete analysis for LMPX

Accounts Receivable is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$0.09
Price