PEVM (Phoenix Motor) Accounts Receivable : $5.59 Mil (As of Sep. 2024)

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What is Phoenix Motor Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Phoenix Motor's accounts receivables for the quarter that ended in Sep. 2024 was $5.59 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Phoenix Motor's Days Sales Outstanding for the quarter that ended in Sep. 2024 was 106.93.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Phoenix Motor's Net-Net Working Capital per share for the quarter that ended in Sep. 2024 was $-0.60.

Phoenix Motor Accounts Receivable Historical Data

The historical data trend for Phoenix Motor'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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Phoenix Motor Accounts Receivable Chart

Phoenix Motor Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

1.16

1.20

1.51

0.45

Phoenix Motor Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Accounts Receivable	Get a 7-Day Free Trial											1.06	0.45	4.97	3.66	5.59

Phoenix Motor Accounts Receivable Calculation

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

Phoenix Motor 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	5.592	/	4.772	*	91
=	106.93

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

Phoenix Motor'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)
=	(0.279	+	0.75 * 5.592	+	0.5 * 45.144	-	49.324
-	0	-	0)	/	37.169
=	-0.60

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.

Phoenix Motor Accounts Receivable Related Terms

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Phoenix Motor Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Phoenix Motor Inc (OTCPK:PEVM) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

1500 Lakeview Loop, Anaheim, CA, USA, 92807

Website

https://www.phoenixmotorcars.com

Phoenix Motor Inc is an electrification solutions provider for the commercial vehicle industry as well as other industries. It designs, develops, manufactures, assembles, and integrates electric drive systems and light and medium-duty electric vehicles (EVs) and markets and sells electric vehicle chargers for the commercial and residential markets. The company operates two primary brands, Phoenix Motorcars, which focuses on commercial products including medium-duty electric vehicles, chargers, and electric forklifts, and EdisonFuture which intends to offer light-duty electric vehicles.

Executives

Edisonfuture, Inc.	10 percent owner	1500 LAKEVIEW LOOP, ANAHEIM CA 92807
Palo Alto Clean Tech Holding Ltd	10 percent owner	81 ADAM WAY, ATHERTON CA 94027
Wenbing Wang	officer: Chief Financial Officer	21ST FLOOR, BUILDING B, JIA MING CENTER, NO. 27 DONG SAN HUAN NORTH ROAD, CHAOYANG DISTRICT, BEIJING F4 100020
John Perkowski	director	TYG CENTER TOWER B, SUITE 2601, DONG SAN HUAN BEI LU BING 2, BEIJING F4 100027
Hoong Khoeng Cheong	director	#04-152, BLOCK 532, BUKIT BATOK ST 5 1, SINGAPORE U0 650532
Xiaofeng Peng	director, officer: Chairman	4677 OLD IRONSIDES DRIVE, SUITE 190, SANTA CLARA CA 95054
Liang Lance Zhou	director, officer: Chief Executive Officer	1500 LAKEVIEW LOOP, ANAHEIM CA 92807
Zhenxing Fu	director	1500 LAKEVIEW LOOP, ANAHEIM CA 92807
Sam Van	director	1500 LAKEVIEW LOOP, ANAHEIM CA 92807
Steven E. Stivers	director	1500 LAKEVIEW LOOP, ANAHEIM CA 92807