Alternus Clean Energy (Alternus Clean Energy) Accounts Receivable : $0.65 Mil (As of Dec. 2023)

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What is Alternus Clean Energy Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Alternus Clean Energy's accounts receivables for the quarter that ended in Dec. 2023 was $0.65 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Alternus Clean Energy's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 5.92.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Alternus Clean Energy's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-3.39.

Alternus Clean Energy Accounts Receivable Historical Data

The historical data trend for Alternus Clean Energy'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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Alternus Clean Energy Accounts Receivable Chart

Alternus Clean Energy Annual Data

Trend

Dec21

Dec22

Dec23

Accounts Receivable

4.68

3.34

0.65

Alternus Clean Energy Semi-Annual Data
	Dec21	Dec22	Dec23
Accounts Receivable	4.68	3.34	0.65

Alternus Clean Energy Accounts Receivable Calculation

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

Alternus Clean Energy 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.

Alternus Clean Energy's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.651	/	20.084	*	91
=	5.92

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

Alternus Clean Energy's Net-Net Working Capital Per Share for the quarter that ended in Dec. 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)
=	(4.618	+	0.75 * 0.651	+	0.5 * 0	-	248.54
-	0	-	0)	/	71.9054
=	-3.39

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.

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Alternus Clean Energy (Alternus Clean Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Alternus Clean Energy Inc (NAS:ALCE) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

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Address

Blanchardstown Corporate Park 2, Suite 9 & 10 Plaza 212, Dublin, IRL, D15 R504

Website

https://www.alternusenergy.com

Alternus Clean Energy Inc is an international independent clean energy producer. It develops, installs, owns and operates a diverse portfolio of utility-scale solar photovoltaic power stations (PV parks) in Europe and in the USA as a long-term owner. The solar parks benefit from long-term government offtake contracts and/or Power Purchase Agreements (PPAs) with investment grade off-takers, plus energy sales to local power grids.

Alternus Clean Energy (Alternus Clean Energy) Headlines

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