Microvast Holdings (Microvast Holdings) Accounts Receivable : $123.5 Mil (As of Mar. 2024)

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What is Microvast Holdings Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Microvast Holdings's accounts receivables for the quarter that ended in Mar. 2024 was $123.5 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Microvast Holdings's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 138.58.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Microvast Holdings's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $-0.93.

Microvast Holdings Accounts Receivable Historical Data

The historical data trend for Microvast Holdings'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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Microvast Holdings Accounts Receivable Chart

Microvast Holdings Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

76.30

88.72

119.30

138.72

Microvast Holdings Quarterly Data
	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Accounts Receivable	Get a 7-Day Free Trial											88.91	106.09	116.30	138.72	123.54

Microvast Holdings Accounts Receivable Calculation

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

Microvast Holdings 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	123.543	/	81.351	*	91
=	138.58

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

Microvast Holdings'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)
=	(39.451	+	0.75 * 123.543	+	0.5 * 137.33	-	494.502
-	0	-	0)	/	315.509
=	-0.93

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.

Microvast Holdings Accounts Receivable Related Terms

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Microvast Holdings (Microvast Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Microvast Holdings Inc (NAS:MVST) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

2OZA:Germany 2OZA:Germany 2OZ:Germany

Address

12603 Southwest Freeway, Suite 300, Stafford, TX, USA, 77477

Website

https://www.microvast.com

Microvast Holdings Inc is a technology innovator that designs, develops, and manufactures lithium-ion battery solutions. The company is renowned for its cutting-edge cell technology and its vertical integration capabilities which extend from core battery chemistry to battery packs.

Executives

Yanzhuan Zheng	director, officer: CFO, Director	12603 SOUTHWEST FREEWAY, SUITE 210, STAFFORD TX 77477
Craig Webster	director	12603 SOUTHWEST FREEWAY, SUITE 210, STAFFORD TX 77477
Zachariah Ward	officer: President, Microvast Energy	12603 SOUTHWEST FREEWAY, SUITE 210, STAFFORD TX 77477
Yeelong Balladon	director	C/O MICROVAST HOLDINGS, INC., 12603 SOUTHWEST FREEWAY, SUITE 210, STAFFORD TX 77477
Shane Smith	officer: COO & President, Microvast US	12603 SOUTHWEST FREEWAY, SUITE 210, STAFFORD TX 77477
Stephen A Vogel	director	701 BRAZOS STREET, SUITE 1200, AUSTIN TX 78701
Sarah Beth Alexander	officer: General Counsel	12603 SOUTHWEST FREEWAY, SUITE 210, STAFFORD TX 77477
Michael Stanley Whittingham	director	12603 SOUTHWEST FREEWAY, SUITE 210, STAFFORD TX 77477
Yang Wu	director, 10 percent owner, officer: CEO, COB, Director	12603 SOUTHWEST FREEWAY, SUITE 210, STAFFORD TX 77477
Wong Arthur Lap Tat	director	C/O 27 UNION SQUARE WEST, SUITE 502, NEW YORK NY 10003
Shengxian Wu	officer: CEO, Microvast China	12603 SOUTHWEST FREEWAY, SUITE 210, STAFFORD TX 77477
Sascha Rene Kelterborn	officer: CRO & Man. Dir. Microvast EMEA	12603 SOUTHWEST FREEWAY, SUITE 210, STAFFORD TX 77477
Wenjuan Mattis	officer: Chief Technology Officer (CTO)	12603 SOUTHWEST FREEWAY, SUITE 210, STAFFORD TX 77477
Lu Gao	officer: Chief Accounting Officer (CAO)	12603 SOUTHWEST FREEWAY, SUITE 210, STAFFORD TX 77477
Wei Ying	director	12603 SOUTHWEST FREEWAY, SUITE 210, STAFFORD TX 77477