NeoVolta (NeoVolta) Change In Receivables : $-0.93 Mil (TTM As of Mar. 2024)

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What is NeoVolta Change In Receivables?

NeoVolta's change in receivables for the quarter that ended in Mar. 2024 was $-0.04 Mil. It means NeoVolta's Accounts Receivable increased by $0.04 Mil from Dec. 2023 to Mar. 2024 .

NeoVolta's change in receivables for the fiscal year that ended in Jun. 2023 was $-1.00 Mil. It means NeoVolta's Accounts Receivable increased by $1.00 Mil from Jun. 2022 to Jun. 2023 .

NeoVolta's Accounts Receivable for the quarter that ended in Mar. 2024 was $1.89 Mil.

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 Receivable are being managed. NeoVolta's Days Sales Outstanding for the three months ended in Mar. 2024 was 606.30.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. NeoVolta's liquidation value for the three months ended in Mar. 2024 was $3.48 Mil.

NeoVolta Change In Receivables Historical Data

The historical data trend for NeoVolta's Change In Receivables 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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NeoVolta Change In Receivables Chart

NeoVolta Annual Data

Trend

Jun21

Jun22

Jun23

Change In Receivables

-0.74

-0.19

-1.00

NeoVolta Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Receivables	Get a 7-Day Free Trial							-0.23	-0.20	-0.36	-0.33	-0.04

NeoVolta Change In Receivables Calculation

Change In Accounts Receivable relative to the previous period. It is any increase or decrease in the cash a company is owed by its customers.

Change In Receivables for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.93 Mil.

NeoVolta (NAS:NEOV) Change In Receivables 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 Receivable are being managed.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	1.887	/	0.284	*	91
=	606.30

2. In Ben Graham's calculation of liquidation value, NeoVolta's accounts receivable are only considered to be worth 75% of book value:

NeoVolta's liquidation value for the quarter that ended in Mar. 2024 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	1.014	-	0.015	+	0.75 * 1.887	+	0.5 * 2.137
=	3.48

NeoVolta Change In Receivables Related Terms

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NeoVolta (NeoVolta) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » NeoVolta Inc (NAS:NEOV) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

N/A

Address

13651 Danielson Street, Suite A, Poway, CA, USA, 92064

Website

https://www.neovolta.com

NeoVolta Inc is engaged in designing, manufacturing and sale of high end Energy Storage System which can store and use solar energy via batteries and an inverter at a residential site. Its market place includes solar industry, installers, new construction homebuilders, home remodelers, and homeowners.

Executives

Steve Bond	director, officer: Chief Financial Officer	28839 PUJOL ST., #832, TEMECULA CA 92590
Brent Willson	director	5271 CAMINITO EXQUISITO, SAN DIEGO CA 92130
Susan H Snow	director	26 SEDGE FERN DRIVE, HILTON HEAD SC 29926
John A Hass	director	C/O NEOVOLTA, INC., 13651 DANIELSON STREET, SUITE A, POWAY CA 92064
James F Amos	director	C/O NEOVOLTA, INC., 13651 DANIELSON STREET, SUITE A, POWAY CA 92064