Nikola (Nikola) Accounts Receivable : $23.87 Mil (As of Mar. 2024)

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What is Nikola Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Nikola's accounts receivables for the quarter that ended in Mar. 2024 was $23.87 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Nikola's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 290.47.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Nikola's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $-0.13.

Nikola Accounts Receivable Historical Data

The historical data trend for Nikola'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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Nikola Accounts Receivable Chart

Nikola Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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0.66

31.64

17.97

Nikola Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Accounts Receivable	Get a 7-Day Free Trial															27.58	20.00	10.71	17.97	23.87

Nikola Accounts Receivable Calculation

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

Nikola 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	23.865	/	7.497	*	91
=	290.47

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

Nikola's Net-Net Working Capital Per Share for the quarter that ended in Mar. 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)
=	(345.637	+	0.75 * 23.865	+	0.5 * 61.342	-	565.878
-	0	-	0)	/	1342.84
=	-0.13

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.

Nikola Accounts Receivable Related Terms

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Nikola (Nikola) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Nikola Corp (NAS:NKLA) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

NKLA:Mexico 1NKLA:Italy 0A3R:UK 8NI:Germany NKLA:Austria

Address

4141 East Broadway Road, Phoenix, AZ, USA, 85040

Website

https://www.nikolamotor.com

Nikola Corp is a designer and manufacturer of battery-electric and hydrogen-electric vehicles, electric vehicle drivetrains, vehicle components, energy storage systems, and hydrogen fueling station infrastructure.

Executives

Joseph S. Cappello	officer: President of Energy	13001 BAY PARK ROAD, PASADENA TX 77507
Anastasiya Pasterick	officer: Chief Financial Officer	4141 E BROADWAY ROAD, PHOENIX AZ 85040
John C Vesco	director	4141 E BROADWAY ROAD, PHOENIX AZ 85040
Carey Mendes	officer: President, Energy	4141 E BROADWAY ROAD, PHOENIX AZ 85040
Michael Lohscheller	officer: President, Nikola Motor Div.	4141 E BROADWAY ROAD, PHONEIX AZ 85040
Joseph R. Pike	officer: Chief Human Resources Officer	4141 E BROADWAY ROAD, PHOENIX AZ 85040
Britton M. Worthen	officer: Chief Legal Officer	4141 E BROADWAY ROAD, PHOENIX AZ 85040
Mark A Russell	director, 10 percent owner, officer: President and CEO	200 OLD WILSON BRIDGE ROAD, COLUMBUS OH 43085
Andrew Vesey	director	4300 WILSON BOULEVARD, ARLINGTON VA 22203
Trevor R. Milton	director, 10 percent owner, officer: Executive Chairman	4141 E BROADWAY ROAD, PHOENIX AZ 85040
Lynn Forester	director	C/O ESTEE LAUDER COMPANIES INC, 767 FIFTH AVENUE, NEW YORK NY 10153
Pablo M. Koziner	officer: President, Nikola Energy	4141 E BROADWAY ROAD, PHOENIX AZ 85040
Mary L Petrovich	director
Bruce L. Smith	director	4141 E BROADWAY ROAD, PHOENIX AZ 85040
Jeffrey W Ubben	director	1170 GORGAS AVENUE, SAN FRANCISCO CA 94129