Polar Power (Polar Power) Change In Receivables : $1.93 Mil (TTM As of Mar. 2024)

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What is Polar Power Change In Receivables?

Polar Power's change in receivables for the quarter that ended in Mar. 2024 was $0.39 Mil. It means Polar Power's Accounts Receivable declined by $0.39 Mil from Dec. 2023 to Mar. 2024 .

Polar Power's change in receivables for the fiscal year that ended in Dec. 2023 was $0.55 Mil. It means Polar Power's Accounts Receivable declined by $0.55 Mil from Dec. 2022 to Dec. 2023 .

Polar Power's Accounts Receivable for the quarter that ended in Mar. 2024 was $1.28 Mil.

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 Receivable are being managed. Polar Power's Days Sales Outstanding for the three months ended in Mar. 2024 was 65.91.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Polar Power's liquidation value for the three months ended in Mar. 2024 was $-3.53 Mil.

Polar Power Change In Receivables Historical Data

The historical data trend for Polar Power's Change In Receivables 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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Polar Power Change In Receivables Chart

Polar Power Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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7.28

-2.38

-3.48

2.01

0.55

Polar Power Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Receivables	Get a 7-Day Free Trial															-0.99	-0.50	2.14	-0.09	0.39

Polar Power Change In Receivables Calculation

Change In Accounts Receivable relative to the previous period. It is any increase or decrease in the cash a company is owed by its customers.

Change In Receivables for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $1.93 Mil.

Polar Power (NAS:POLA) Change In Receivables 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 Receivable are being managed.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	1.282	/	1.775	*	91
=	65.91

2. In Ben Graham's calculation of liquidation value, Polar Power's accounts receivable are only considered to be worth 75% of book value:

Polar Power's liquidation value for the quarter that ended in Mar. 2024 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0.212	-	12.815	+	0.75 * 1.282	+	0.5 * 16.221
=	-3.53

Polar Power Change In Receivables Related Terms

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Polar Power (Polar Power) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Polar Power Inc (NAS:POLA) » Definitions » Change In Receivables

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PPW:Germany

Address

249 East Gardena Boulevard, Gardena, CA, USA, 90248

Website

https://www.polarpower.com

Polar Power Inc is engaged in designing, manufacture, and sell DC power generators, renewable energy and cooling systems for applications primarily in the telecommunications market and, to a lesser extent, in other markets, including military, electric vehicle, marine and industrial. The company's products include DC generators, Back-up DC generators, hybrid power systems, Li-Ion battery systems, and Marine DC generators. The Companie's geographical presence is in United States, Canada, Mexico, South Pacific Islands, Japan, Europe and Middle East and Other Asia Pacific countries.

Executives

Keith Albrecht	director	249 E. GARDENA BOULEVARD, GARDENA CA 90248
Arthur D. Sams	director, 10 percent owner, officer: President, CEO, Secretary	249 E. GARDENA BOULEVARD, GARDENA CA 90248
Rajesh Masina	officer: Chief Operating Officer	249 E. GARDENA BOULEVARD, GARDENA CA 90248
Luis Zavala	officer: Chief Financial Officer	249 E. GARDENA BOULEVARD, GARDENA CA 90248
Peter Gross	director	249 E. GARDENA BLVD., GARDENA CA 90248
Matthew Goldman	director	249 E. GARDENA BOULEVARD, GARDENA CA 90248