Xos (XOS) Accounts Receivable : $20.32 Mil (As of Mar. 2024)

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What is Xos Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Xos's accounts receivables for the quarter that ended in Mar. 2024 was $20.32 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Xos's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 140.88.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Xos's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $1.62.

Xos Accounts Receivable Historical Data

The historical data trend for Xos'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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Xos Accounts Receivable Chart

Xos Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

0.41

3.35

8.24

15.14

Xos Quarterly Data
	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Accounts Receivable	Get a 7-Day Free Trial										6.97	6.17	11.38	15.14	20.32

Xos Accounts Receivable Calculation

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

Xos 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	20.32	/	13.162	*	91
=	140.88

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

Xos'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)
=	(46.168	+	0.75 * 20.32	+	0.5 * 36.621	-	67.174
-	0	-	0)	/	7.75026
=	1.62

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.

Xos Accounts Receivable Related Terms

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Xos (XOS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Xos Inc (NAS:XOS) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

9KR0:Germany

Address

3550 Tyburn Street, Unit 100, Los Angeles, CA, USA, 90065

Website

https://www.xostrucks.com

Xos Inc is an electric mobility company. It designs and develops fully electric battery mobility systems specifically for commercial fleets. The company's primary focus is on medium- and heavy-duty commercial vehicles that travel on last mile routes. The company leverages its proprietary technologies to provide commercial fleets zero emission vehicles that are easier to maintain and more cost-efficient on a total cost of ownership basis than internal combustion engine and commercial EV counterparts.

Executives

Jose Castaneda	officer: VP, Business Development	3550 TYBURN STREET, UNIT 100, LOS ANGELES CA 90065
Liana Pogosyan	officer: Acting Chief Financial Officer	C/O XOS, INC., 3550 TYBURN STREET, LOS ANGELES CA 90065
George N Mattson	director	C/O DELTA AIR LINES, INC., P.O. BOX 20574, DEPT. 981, ATLANTA GA 30320
Robert Ferber	officer: Chief Technology Officer	3550 TYBURN STREET, UNIT 100, LOS ANGELES CA 90065
Giordano Sordoni	director, officer: Chief Operating Officer	3550 TYBURN STREET, UNIT 100, LOS ANGELES CA 90065
Dakota Semler	director, officer: Chief Executive Officer	3550 TYBURN STREET, UNIT 100, LOS ANGELES CA 90065
Edward J Rapp	director	100 NE ADAMS STREET, PEORIA IL 61629
Stuart N. Bernstein	director	C/O XOS, INC., 3550 TYBURN STREET, LOS ANGELES CA 90065
Christen T Romero	officer: General Counsel	3550 TYBURN STREET, UNIT 100, LOS ANGELES CA 90065
Anousheh Ansari	director	10560 DR. MARTIN LUTHER KING JR. ST. N., ST. PETERSBURG, FL FL 33716
Alice K Jackson	director	1800 LARIMER STREET, DENVER CO 80202
Burt Jordan	director	4387 CHERRY HILL DRIVE, ORCHARD LAKE MI 48323
Kingsley Afemikhe	officer: Chief Financial Officer	3550 TYBURN STREET, UNIT 100, LOS ANGELES CA 90065
Aljomaih Automotive Co.	10 percent owner	P.O. BOX 224, KING KHALID STREET, ALJOMAIH BUILDING, 1ST FLOOR, DAMMAM T0 31411
Emerald Green Trust	10 percent owner	3211 MULHOLLAND HIGHWAY, MALIBU CA 90265