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Polestar Automotive Holding UK (Polestar Automotive Holding UK) Accounts Receivable : $257 Mil (As of Sep. 2023)


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What is Polestar Automotive Holding UK Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Polestar Automotive Holding UK's accounts receivables for the quarter that ended in Sep. 2023 was $257 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Polestar Automotive Holding UK's Days Sales Outstanding for the quarter that ended in Sep. 2023 was 38.32.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Polestar Automotive Holding UK's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was $-1.60.


Polestar Automotive Holding UK Accounts Receivable Historical Data

The historical data trend for Polestar Automotive Holding UK'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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Polestar Automotive Holding UK Accounts Receivable Chart

Polestar Automotive Holding UK Annual Data
Trend Dec19 Dec20 Dec21 Dec22
Accounts Receivable
- 307.69 172.44 321.10

Polestar Automotive Holding UK Quarterly Data
Dec19 Dec20 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
Accounts Receivable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 219.45 321.10 222.22 286.19 257.48

Polestar Automotive Holding UK Accounts Receivable Calculation

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


Polestar Automotive Holding UK 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.

Polestar Automotive Holding UK's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=257.483/613.182*91
=38.32

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

Polestar Automotive Holding UK's Net-Net Working Capital Per Share for the quarter that ended in Sep. 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)
=(951.088+0.75 * 257.483+0.5 * 1005.607-5015.397
-0-0)/2110.18
=-1.60

* 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.


Polestar Automotive Holding UK Accounts Receivable Related Terms

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Polestar Automotive Holding UK (Polestar Automotive Holding UK) Business Description

Traded in Other Exchanges
Address
Assar Gabrielssons Vag 9, Gothenburg, SWE, 405 31
Polestar Automotive Holding UK PLC operates as an electric vehicle manufacturer. It engages in designing products that are engineered to excite consumers and drive change. Polestar defines market-leading standards in design, technology, and sustainability. Polestar was established as a premium electric car brand by Volvo Cars and Geely Holdings. Polestar has produced two electric performance cars namely Polestar 1 and Polestar 2. Geographically, it derives a majority of revenue from USA.