Tigo Energy (Tigo Energy) Accounts Receivable : $6.3 Mil (As of Mar. 2024)

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What is Tigo Energy Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Tigo Energy's accounts receivables for the quarter that ended in Mar. 2024 was $6.3 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Tigo Energy's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 58.70.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Tigo Energy's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $-0.00.

Tigo Energy Accounts Receivable Historical Data

The historical data trend for Tigo 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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Tigo Energy Accounts Receivable Chart

Tigo Energy Annual Data

Trend

Dec21

Dec22

Dec23

Accounts Receivable

3.88

15.82

6.86

Tigo Energy Quarterly Data
	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Accounts Receivable	Get a 7-Day Free Trial				32.36	45.82	20.36	6.86	6.31

Tigo Energy Accounts Receivable Calculation

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

Tigo 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	6.306	/	9.802	*	91
=	58.70

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

Tigo Energy'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)
=	(21.945	+	0.75 * 6.306	+	0.5 * 55.757	-	54.797
-	0	-	0)	/	60.3582
=	-0.00

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.

Tigo Energy Accounts Receivable Related Terms

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Tigo Energy (Tigo Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Tigo Energy Inc (NAS:TYGO) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

655 Campbell Technology Parkway, Suite 150, Campbell, CA, USA, 95008

Website

https://www.tigoenergy.com

Tigo Energy Inc designs innovative solar power conversion and storage products that provide customers more choice and flexibility. Its mission is to deliver smart hardware and software solutions that enhance safety, increase energy yield, and lower operating costs of residential, commercial, and utility-scale solar systems.

Executives

Zvi Alon	director, officer: Chief Executive Officer	10725 NORTH DE ANZA BLVD, CUPERTINO CA 95014
Joan C Conley	director	3691 CHEVY CHASE LAKE DRIVE, CHEVY CHASE MD 20815
Energy Growth Momentum Gp Ii Ltd.	10 percent owner, other: See Remarks	1ST & 2ND FLOORS, ELIZABETH HOUSE, LES RUETTES BRAYES, ST PETER PORT Y7 GY1 1EW
Generation Im Climate Solutions Gp, Ltd.	10 percent owner	BOX 309, UGLAND HOUSE, GRAND CAYMAN E9 KY1-1104
Generation Im Climate Solutions Fund, L.p.	10 percent owner	BOX 309, UGLAND HOUSE, GRAND CAYMAN E9 KY1-1104
Jeffrey Stuart Sullivan	officer: Chief Operating Officer	655 CAMPBELL TECHNOLOGY PARKWAY, CAMPBELL CA 95008
John Andrew Wilson	director	655 CAMPBELL TECHNOLOGY PARKWAY, CAMPBELL CA 95008
Alon Ventures, Llc	10 percent owner	27673 LUPINE RD, LOS ALTOS HILLS CA 94022
Energy Growth Momentum Ii Lp	10 percent owner, other: See Remarks	1ST AND 2ND FLOORS, ELIZABETH HOUSE, LES RUETTES BRAYES, ST PETER PORT Y7 GY11EW
James Jd Dillon	officer: Chief Marketing Officer	655 CAMPBELL TECHNOLOGY PARKWAY, CAMPBELL CA 95008
Jing Tian	officer: Chief Growth Officer	655 CAMPBELL TECHNOLOGY PARKWAY, CAMPBELL CA 95008
Tomer Babai	director	655 CAMPBELL TECHNOLOGY PARKWAY, SUITE 150, CAMPBELL CA 95008
Matthew Day	officer: Co-Chief Operating Officer	888 SAN CLEMENTE DRIVE SUITE 400, NEWPORT BEACH CA 92660
Andrew Costa	officer: Co-Chief Operating Officer	888 SAN CLEMENTE DRIVE SUITE 400, NEWPORT BEACH CA 92660
Chlm Sponsor Llc	10 percent owner	222 SOUTH 9TH STREET SUITE 350, MINNEAPOLIS MN 55402