Urban-gro (Urban-gro) Accounts Receivable : $18.76 Mil (As of Mar. 2024)

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What is Urban-gro Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Urban-gro's accounts receivables for the quarter that ended in Mar. 2024 was $18.76 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Urban-gro's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 110.11.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Urban-gro's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $-1.84.

Urban-gro Accounts Receivable Historical Data

The historical data trend for Urban-gro'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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Urban-gro Accounts Receivable Chart

Urban-gro Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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1.57

0.98

13.13

15.38

26.99

Urban-gro 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															22.07	15.48	18.34	26.99	18.76

Urban-gro Accounts Receivable Calculation

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

Urban-gro 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	18.755	/	15.543	*	91
=	110.11

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

Urban-gro'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)
=	(0.693	+	0.75 * 18.755	+	0.5 * 0.237	-	37.545
-	0	-	0)	/	12.3188
=	-1.84

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.

Urban-gro Accounts Receivable Related Terms

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Urban-gro (Urban-gro) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Urban-gro Inc (NAS:UGRO) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

8P6:Germany

Address

1751 Panorama Point, Unit G, Lafayette, CO, USA, 80026

Website

https://www.urban-gro.com

Urban-gro Inc is a integrated professional services and construction design-build firm . we offer fully integrated architectural, engineering and cultivation systems integration company for commercial cannabis and food-focused Controlled Environment Agriculture (CEA) facilities. With experience in hundreds of CEA facilities spanning millions of square feet across the globe, the firm engineer, design, and integrate complex environmental equipment systems into high-performance facilities. Once operational, urban-gro's gro-care Managed Services Platform leverages the company's expertise to reduce downtime, provide continuity, and drive facility optimization.

Executives

Lewis Wilks	director	555 SEVENTEENTH STREET, 7TH FLOOR, DENVER CO 80202
Bradley John Nattrass	director, officer: Chief Executive Officer	5115 FOXGLOVE TRAIL, BROOMFIELD CO 80023
Jason T Archer	officer: Chief Operating Officer	883 CARBONATE LANE, ERIE CO 80516
Jim Dennedy	director, officer: President and COO	5269 W. 62ND AVENUE, ARVADA CO 80003
Sonia Lo	director	1751 PANORAMA POINT, UNIT G, LAFAYETTE CO 80026
Anita D Britt	director	3000 NW 107TH AVENUE, MIAMI FL 33172
David Hsu	director	1751 PANORAMA POINT, SUITE G, LAFAYETTE CO 80026
James Robert Lowe	director	5132 QUITMAN STREET, DENVER CO 80212
Richard Alan Akright	officer: Interim CFO	6549 S. BLACKHAWK WAY, AURORA CO 80016
Lance Galey	director	3940 CHIPPEWA DR, BOULDER CO 80303
James H. Dennedy	director	61 ROYAL BIRKDALE, SPRINGBORO OH 45066
George R Pullar	director	1750 PANORAMA POINT, UNIT 6, LAYFETTE CO 80026
Gutierrez Arias De La Parra Octavio	director, officer: Secretary	2537 PROSPECT COURT, BROOMFIELD CO 80023