Altus Power (Altus Power) Accounts Receivable : $20.1 Mil (As of Mar. 2024)

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What is Altus Power Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Altus Power's accounts receivables for the quarter that ended in Mar. 2024 was $20.1 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Altus Power's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 45.01.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Altus Power's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $-9.84.

Altus Power Accounts Receivable Historical Data

The historical data trend for Altus Power'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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Altus Power Accounts Receivable Chart

Altus Power Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

5.75

9.22

13.44

17.10

Altus Power Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Accounts Receivable	Get a 7-Day Free Trial									16.12	27.04	23.39	17.10	20.06

Altus Power Accounts Receivable Calculation

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

Altus Power 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	20.057	/	40.659	*	91
=	45.01

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

Altus Power'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)
=	(173.266	+	0.75 * 20.057	+	0.5 * 0	-	1686.035
-	0	-	74.904)	/	159.875
=	-9.84

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.

Altus Power Accounts Receivable Related Terms

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Altus Power (Altus Power) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Altus Power Inc (NYSE:AMPS) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

8770:Germany

Address

2200 Atlantic Street, 6th Floor, Stamford, CT, USA, 06902

Website

https://www.altuspower.com

Altus Power Inc is a renewable energy generation company focused on the commercial and industrial, public sector, and community solar customers. It operates as a developer, owner and operator of large-scale roof, ground and carport-based photovoltaic and energy storage systems, as well as electric vehicle charging facilities.

Executives

Lars Norell	director, officer: See Remarks	12 EGGLESTON LANE, OLD GREENWICH CT 06870
Dustin Weber	officer: See Remarks	2200 ATLANTIC STREET, 6TH FLOOR, STAMFORD CT 06902
Anthony Savino	officer: See Remarks	2200 ATLANTIC STREET, 6TH FLOOR, STAMFORD CT 06902
Gso Altus Holdings Lp	10 percent owner	345 PARK AVENUE, 30TH FLOOR, NEW YORK NY 10154
William F Concannon	director, officer: Chief Executive Officer	200 PARK AVENUE, 17TH FLOOR, NEW YORK NY 10166
Gregg J Felton	director, officer: See Remarks	C/O FULL CIRCLE CAPITAL CORPORATION, 800 WESTCHESTER AVE., RYE BROOK NY 10573
Diane D Brink	director	C/O BELDEN INC., 1 N. BRENTWOOD BLVD., 15TH FLOOR, SAINT LOUIS MO 63105
Valueact Capital Management, Llc	director, other: See Remarks	ONE LETTERMAN DRIVE, BUILDING D, 4TH FLOOR, SAN FRANCISCO CA 94129
Gso Altus Holdings Associates Llc	10 percent owner	345 PARK AVENUE, 30TH FLOOR, NEW YORK NY 10154
Sharon Daley	director	2200 ATLANTIC STREET, 6TH FLOOR, STAMFORD CT 06902
Cbre Acquisition Sponsor, Llc	director, 10 percent owner	2100 MCKENNEY AVENUE, 12TH FLOOR, DALLAS TX 75201
Robert M Horn	director	C/O GSO CAPITAL PARTNERS LP, 345 PARK AVE., NEW YORK NY 10154
Cbre Group, Inc.	director, 10 percent owner	2100 MCKINNEY AVENUE, SUITE 1250, DALLAS TX 75201
Cbre Services, Inc.	director, 10 percent owner	C/O CBRE, 2100 MCKINNEY AVENUE, SUITE 1250, DALLAS TX 75201
Christine Rose Detrick	director	200 CLARENDON STREET, T-9, BOSTON MA 02116