Electrameccanica Vehicles (Electrameccanica Vehicles) Change In Receivables : $0.13 Mil (TTM As of Dec. 2023)

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What is Electrameccanica Vehicles Change In Receivables?

Electrameccanica Vehicles's change in receivables for the quarter that ended in Dec. 2023 was $0.16 Mil. It means Electrameccanica Vehicles's Accounts Receivable declined by $0.16 Mil from Sep. 2023 to Dec. 2023 .

Electrameccanica Vehicles's change in receivables for the fiscal year that ended in Dec. 2023 was $0.13 Mil. It means Electrameccanica Vehicles's Accounts Receivable declined by $0.13 Mil from Dec. 2022 to Dec. 2023 .

Electrameccanica Vehicles's Accounts Receivable for the quarter that ended in Dec. 2023 was $0.14 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.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Electrameccanica Vehicles's liquidation value for the three months ended in Dec. 2023 was $45.70 Mil.

Electrameccanica Vehicles Change In Receivables Historical Data

The historical data trend for Electrameccanica Vehicles'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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Electrameccanica Vehicles Change In Receivables Chart

Electrameccanica Vehicles Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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0.66

0.18

-0.32

0.08

0.13

Electrameccanica Vehicles Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Change In Receivables	Get a 7-Day Free Trial															-0.19	-	0.05	-0.07	0.16

Electrameccanica Vehicles 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.13 Mil.

Electrameccanica Vehicles (NAS:SOLO) 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.

Electrameccanica Vehicles's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.142	/	0	*	91
=

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

Electrameccanica Vehicles's liquidation value for the quarter that ended in Dec. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	65.455	-	21.048	+	0.75 * 0.142	+	0.5 * 2.37
=	45.70

Electrameccanica Vehicles Change In Receivables Related Terms

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Electrameccanica Vehicles (Electrameccanica Vehicles) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Electrameccanica Vehicles Corp Ltd (NAS:SOLO) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

N/A

Address

8057 North Fraser Way, Burnaby, BC, CAN, V5J 5M8

Website

https://www.electrameccanica.com

Electrameccanica Vehicles Corp Ltd is a development-stage electric vehicle or EV, designer and manufacturer company. The company's product line targets urban commuters, commercial fleets/deliveries and shared mobility seeking to commute in an efficient, cost-effective and environmentally friendly manner. The company's first flagship EV is the SOLO, a single-seat vehicle, of which it has built 64 prototype vehicles in-house and 60 pre-production vehicles with its manufacturing partner, Zongshen. The company's reportable business segments include Electric Vehicles which is the development and manufacture of electric vehicles for mass markets, and Custom built vehicles which is the development and manufacture of high-end custom-built vehicles.

Executives

Jerry Kroll	director	2108-808 NELSON ST, VANCOUVER BC A1 V6Z 2H2
Stephen Eric Johnston	officer: Chief Financial Officer	4950 SUSANS WAY, BLOOMFIELD HILLS MI 48302
Luisa Ingargiola	director	4826 BLUE JAY CIRCLE, PALM HARBOR FL 34683
Steven Andrew Sanders	director	431 EAST 20TH STREET, NEW YORK NY 10010
Yan Fang Qiong Joanne	director	504 - 1355 BELLEVUE AVE, WEST VANCOUVER A1 V7T 0B4
David John Shemmans	director	NUTSHELL, FIR TREE LANE, WEST CHILTINGTON, WEST SUSSEX X0 RH20 2RA
G Michael Bridge	officer: General Counsel & Corp. Sec.	14400 N 87TH ST, SCOTTSDALE AZ 85260
Quigley William G Iii	director
Susan E Docherty	director, officer: CEO and COO	THE BRINK'S COMPANY, 1801 BAYBERRY COURT, 4TH FLOOR, RICHMOND VA 23226
Kim A. Brink	officer: Chief Revenue Officer	C/O 505 NORTH HIGHWAY 169, SUITE 1000, PLYMOUTH MN 55441
Michael Paul Richardson	director	13715 OASIS TERRACE, LAKEWOOD RANCH FL 34202
Dietmar Ostermann	director	5400 LEGACY DR, H3 3E 35, PLANO TX 75024
Mark Orsmond	officer: Chief Financial Officer	992 HAMPSHIRE RD, NORTH VANCOUVER A1 V7R1V2