REII (Renewable Innovations) Accounts Receivable : $0.03 Mil (As of Feb. 2023)

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What is Renewable Innovations Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Renewable Innovations's accounts receivables for the quarter that ended in Feb. 2023 was $0.03 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Renewable Innovations's Days Sales Outstanding for the quarter that ended in Feb. 2023 was 2.57.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Renewable Innovations's Net-Net Working Capital per share for the quarter that ended in Feb. 2023 was $-1.20.

Renewable Innovations Accounts Receivable Historical Data

The historical data trend for Renewable Innovations'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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Renewable Innovations Accounts Receivable Chart

Renewable Innovations Annual Data

Trend

Nov20

Nov21

Nov22

Accounts Receivable

0.02

0.07

Renewable Innovations Quarterly Data
	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23
Accounts Receivable	Get a 7-Day Free Trial								-	-	-	0.07	0.03

Renewable Innovations Accounts Receivable Calculation

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

Renewable Innovations 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.

Renewable Innovations's Days Sales Outstanding for the quarter that ended in Feb. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.031	/	1.099	*	91
=	2.57

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

Renewable Innovations's Net-Net Working Capital Per Share for the quarter that ended in Feb. 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)
=	(0.26	+	0.75 * 0.031	+	0.5 * 0.561	-	7.967
-	0	-	0)	/	6.16558
=	-1.20

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.

Renewable Innovations Accounts Receivable Related Terms

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Renewable Innovations Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Renewable Innovations Inc (OTCPK:REII) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

588 West 400 South, Suite 110, Lindon, UT, USA, 84042

Website

https://www.renewable-innovations.com

Renewable Innovations Inc is a clean, hydrogen fuel cell energy systems company. It imagines, designs, and builds hydrogen-powered systems to bring green, clean solutions across industries, particularly the EV charging market. It offers Hydrogen Fuel Cell (HFC) scalable backup and primary power systems; Mobile and transportable HFC-powered EV Rapid Charge systems for the Electric Vehicle market to help close the Grid Gap, hydrogen transport and refueling vehicle, and Greenhouse Grids to power communities.

Executives

Lynn Bagley Barney	director, 10 percent owner, officer: CFO, Sec, Director	1851 FAIRWAY LANE, DRAPER UT 84020
Robert L. Mount	director, 10 percent owner, officer: CEO, Pres, Director	752 N. MERIDIAN DRIVE, SARATOGA SPRINGS UT 84045
William Donald Mcleod	director, officer: President	129 COUNTRY PLACE COURT, COLUMBIA SC 29212
Thomas Michael Grbelja	officer: Treasurer and Secretary	151 BIRCH ROAD, FRANKLIN LAKES NJ 07417
Alex Aliksanyan	director, officer: Chief Executive Officer	C/O NEXT 1 INTERACTIVE, INC., 2690 WESTON ROAD, SUITE 200, WESTON FL 33331