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Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Energy Vault Holdings's accounts receivables for the quarter that ended in Mar. 2024 was $4.0 Mil.
Accounts receivable can be measured by Days Sales Outstanding. Energy Vault Holdings's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 46.57.
In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Energy Vault Holdings's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $0.44.
The historical data trend for Energy Vault 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.
Energy Vault Holdings Annual Data | |||||||||||
Trend | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | ||||||
Accounts Receivable | - | - | - | 38.96 | 29.81 |
Energy Vault 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 | 5.41 | 6.43 | 28.07 | 29.81 | 3.96 |
Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.
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.
Energy Vault 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 |
= | 3.96 | / | 7.759 | * | 91 |
= | 46.57 |
2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Energy Vault Holdings's accounts receivable are only considered to be worth 75% of book value:
Energy Vault 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) | ||
= | (135.773 | + | 0.75 * 3.96 | + | 0.5 * 0.415 | - | 73.606 |
- | 0 | - | 0) | / | 147.868 | ||
= | 0.44 |
* 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.
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.
Thank you for viewing the detailed overview of Energy Vault Holdings's Accounts Receivable provided by GuruFocus.com. Please click on the following links to see related term pages.
Akshay Ladwa | officer: Chief Engineering Officer | C/O ENERGY VAULT, INC., 4360 PARK TERRACE DRIVE, SUITE 100, WESTLAKE VILLAGE CA 91361 |
Marco Terruzzin | officer: Chief Product Officer | 4360 PARK TERRACE, SUITE 100, WESTLAKE VILLAGE CA 91361 |
Van Gaalen Jan Kees | officer: Chief Financial Officer | 10205 WESTHEIMER, SUITE 1000, HOUSTON TX 77042 |
Christopher Wiese | officer: Chief Operating Officer | 4360 PARK TERRACE DRIVE, SUITE 100, WESTLAKE VILLAGE CA 91361 |
Goncagul Icoren | officer: Chief People Officer | 4360 PARK TERRACE DRIVE, SUITE 100, WESTLAKE VILLAGE CA 91361 |
Josh Mcmorrow | officer: Chief Legal Officer | 4360 PARK TERRACE DRIVE, SUITE 100, WESTLAKE VILLAGE CA 91361 |
Laurence Alexander | officer: Chief Marketing Officer | C/O ROK ENTERTAINMENT GROUP ROK HOUSE, HOLYHEAD ROAD, ALBRIGHTON, WOLVERHAMPTON X0 WV7 3AU |
Robert Piconi | director, officer: Chief Executive Officer | C/O HEALTHCARE AI ACQUISITION, 7 STANLEY GARDENS, LONDON X0 W112ND |
Andrea Pedretti | officer: Chief Technology Officer | 4360 PARK TERRACE DRIVE, SUITE 100, WESTLAKE VILLAGE CA 91361 |
Theresa M Fariello | director | C/O ENERGY VAULT, INC., 4360 PARK TERRACE DRIVE, SUITE 100, WESTLAKE VILLAGE CA 91361 |
William Gross | director | C/O BILL GROSS' IDEALAB, 130 W UNION STREET, PASADENA CA 91103 |
David W Hitchcock | officer: Interim CFO | 67 WHIPPANY ROAD, WHIPPANY NJ 07981 |
Thomas R Ertel | director | C/O BLACKBAUD, INC., 2000 DANIEL ISLAND DRIVE, CHARLESTON SC 29492 |
Idealab Studio, Llc | 10 percent owner | 130 W. UNION STREET, PASADENA CA 91103 |
John G Jung | officer: President of EVS | 4360 PARK TERRACE DRIVE, SUITE 100, WESTLAKE VILLAGE CA 91361 |
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