Hybrid Power Solutions (XCNQ:HPSS) Accounts Receivable : C$0.60 Mil (As of Feb. 2024)

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What is Hybrid Power Solutions Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Hybrid Power Solutions's accounts receivables for the quarter that ended in Feb. 2024 was C$0.60 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Hybrid Power Solutions's Days Sales Outstanding for the quarter that ended in Feb. 2024 was 75.06.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Hybrid Power Solutions's Net-Net Working Capital per share for the quarter that ended in Feb. 2024 was C$-0.01.

Hybrid Power Solutions Accounts Receivable Historical Data

The historical data trend for Hybrid Power Solutions'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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Hybrid Power Solutions Accounts Receivable Chart

Hybrid Power Solutions Annual Data

Trend

May21

May22

May23

Accounts Receivable

0.14

0.19

0.18

Hybrid Power Solutions Quarterly Data
	May21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Accounts Receivable	Get a 7-Day Free Trial					0.32	0.18	0.29	0.33	0.60

Hybrid Power Solutions Accounts Receivable Calculation

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

Hybrid Power Solutions 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.

Hybrid Power Solutions's Days Sales Outstanding for the quarter that ended in Feb. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.598	/	0.727	*	91
=	75.06

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

Hybrid Power Solutions's Net-Net Working Capital Per Share for the quarter that ended in Feb. 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)
=	(0.958	+	0.75 * 0.598	+	0.5 * 1.446	-	3.057
-	0	-	0)	/	73.0199
=	-0.01

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.

Hybrid Power Solutions Accounts Receivable Related Terms

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Hybrid Power Solutions (XCNQ:HPSS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Hybrid Power Solutions Inc (XCNQ:HPSS) » Definitions » Accounts Receivable

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Traded in Other Exchanges

E092:Germany

Address

333 Terminal Avenue, Suite 208, Vancouver, BC, CAN, V6A 4C1

Website

https://www.hybridps.ca

Hybrid Power Solutions Inc is a Canadian clean energy company specializing in producing, developing, and installing direct-to-consumer clean technology products such as portable power packs and stationary energy storage. It mainly designs and manufactures patent-pending portable battery systems and customized energy solutions for a variety of industrial markets, including the mining, railway, public transit, and construction sectors. It also has a franchise network of solar power installers that operate under the Company's trademark and offer the sale and installation of the Company's products. Geographically, the company operates in Canada which is the key revenue generating market, and the United States.

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