Charge Enterprises (Charge Enterprises) Accounts Receivable : $55.8 Mil (As of Sep. 2023)

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What is Charge Enterprises Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Charge Enterprises's accounts receivables for the quarter that ended in Sep. 2023 was $55.8 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Charge Enterprises's Days Sales Outstanding for the quarter that ended in Sep. 2023 was 38.47.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Charge Enterprises's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was $-0.30.

Charge Enterprises Accounts Receivable Historical Data

The historical data trend for Charge Enterprises'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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Charge Enterprises Accounts Receivable Chart

Charge Enterprises Annual Data

Trend

Dec20

Dec21

Dec22

Accounts Receivable

64.13

73.33

72.41

Charge Enterprises Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Accounts Receivable	Get a 7-Day Free Trial							74.99	72.41	75.20	74.04	55.77

Charge Enterprises Accounts Receivable Calculation

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

Charge Enterprises 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.

Charge Enterprises's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	55.768	/	132.277	*	91
=	38.47

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

Charge Enterprises's Net-Net Working Capital Per Share for the quarter that ended in Sep. 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)
=	(57.506	+	0.75 * 55.768	+	0.5 * 0.317	-	143.949
-	19.458	-	0)	/	215.04
=	-0.30

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.

Charge Enterprises Accounts Receivable Related Terms

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Charge Enterprises (Charge Enterprises) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Charge Enterprises Inc (OTCPK:CRGEQ) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

125 Park Avenue, 25th Floor, New York, NY, USA, 10017

Website

https://www.charge.enterprises

Charge Enterprises Inc is an electrical, broadband, and electric vehicle (EV) charging infrastructure company that provides clients with end-to-end project management services, from advising, designing, engineering, acquiring, and installing equipment, to monitoring, servicing, and maintenance. The company's operating segment includes Telecommunications and Infrastructure. It generates maximum revenue from the Telecommunications segment. The telecommunications segment provides a connection of voice calls and data to global carriers.

Executives

Gary N Jacobs	director	MGM MIRAGE, 3600 LAS VEGAS BLVD., S., LAS VEGAS NV 89109
James Biehl	officer: CLO, CCO, Secretary	44 WALL STREET, 12TH FLOOR, NEW YORK NY 10005
Michael Wojtowicz	officer: CEO, Pres. B W Electrical Serv	125 PARK AVE, 25TH FLOOR, NEW YORK NY 10017
Leah Schweller	officer: CFO	125 PARK AVENUE, 25TH FLOOR, NEW YORK NY 10017
Philip Scala	director	125 PARK AVENUE, 25TH FLOOR, NEW YORK NY 10017
Justin Deutsch	director	125 PARK AVENUE, 25TH FLOOR, NEW YORK NY 10017
Paul Martin Williams	officer: See Remarks	125 PARK AVE, 25TH FLOOR, NEW YORK NY 10017
Jacky Wu	director	515 SOUTH FLOWER ST, 44TH FLOOR, LOS ANGELES CA 90071
Chantel E Lenard	director	1665 SCENIC AVENUE, SUITE 250, COSTA MESA CA 92626
Amy Hanson	director	C/O MACY'S, INC., 7 WEST SEVENTH STREET, CINCINNATI OH 45202
Mark R Laneve	officer: President	2400 MARKET STREET, 4TH FLOOR, PHILADELPHIA PA 19103
Andrew Scott Fox	director, 10 percent owner, officer: CEO, Director & Chairman	125 PARK AVENUE, 25TH FLOOR, NEW YORK NY 10017
Craig Harper-denson	director, officer: COO, CCO, Secretary & Director	125 PARK AVENUE, 25TH FLOOR, NEW YORK NY 10017
Jeffrey Scott Kuhlman	officer: Chief Communications Officer	125 PARK AVE, 25TH FLOOR, NEW YORK NY 10017
Paolo Fettuccia	officer: See Remarks	125 PARK AVE, 25TH FLOOR, NEW YORK NY 10017