Volcon (Volcon) Change In Receivables : $0.30 Mil (TTM As of Mar. 2024)

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What is Volcon Change In Receivables?

Volcon's change in receivables for the quarter that ended in Mar. 2024 was $-0.10 Mil. It means Volcon's Accounts Receivable increased by $0.10 Mil from Dec. 2023 to Mar. 2024 .

Volcon's change in receivables for the fiscal year that ended in Dec. 2023 was $0.56 Mil. It means Volcon's Accounts Receivable declined by $0.56 Mil from Dec. 2022 to Dec. 2023 .

Volcon's Accounts Receivable for the quarter that ended in Mar. 2024 was $0.29 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. Volcon's Days Sales Outstanding for the three months ended in Mar. 2024 was 25.15.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Volcon's liquidation value for the three months ended in Mar. 2024 was $-5.34 Mil.

Volcon Change In Receivables Historical Data

The historical data trend for Volcon'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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Volcon Change In Receivables Chart

Volcon Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Change In Receivables

-0.03

-0.84

0.56

Volcon Quarterly Data
	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											0.16	0.43	0.01	-0.04	-0.10

Volcon 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 $0.30 Mil.

Volcon (NAS:VLCN) 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.285	/	1.034	*	91
=	25.15

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

Volcon'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)
=	3.571	-	13.593	+	0.75 * 0.285	+	0.5 * 8.944
=	-5.34

Volcon Change In Receivables Related Terms

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Volcon (Volcon) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Volcon Inc (NAS:VLCN) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

N/A

Address

3121 Eagles Nest Street, Suite 120, Round Rock, TX, USA, 78665

Website

https://www.volcon.com

Volcon Inc is an all-electric, off-road powersports vehicle company developing and building electric two and four-wheel motorcycles and utility terrain vehicles, also known as side-by-sides, along with a complete line of upgrades and accessories. The company's products include motorcycle and UTV products that are all-electric and designed for off-road use.

Executives

Melissa Coffey	officer: VP - Sales & Marketing	1702 PERSIMMON ROAD, CEDAR PARK TX 78613
Stephanie Michelle Davis	officer: Chief Operating Officer	504 OCONEE CIRCLE, EVANS GA 30809
Christian Okonsky	director, 10 percent owner, officer: Chief Technology Officer	C/O VOLCON, INC., 2590 OAKMONT DRIVE, SUITE 520, ROUND ROCK TX 78665
Adrian James	director, 10 percent owner	3736 BEE CAVES RD, SUITE 1-105, AUSTIN TX 78746
Jonathan P. Foster	director	2450 SOUTH SHORE BLVD., SUITE 402, LEAGUE CITY TX 77573
Greg Endo	officer: Chief Financial Officer	C/O VOLCON, INC., 2590 OAKMONT DRIVE, SUITE 520, ROUND ROCK TX 78665
Karin-joyce Tjon	director	C/O VOLCON, INC., 2590 OAKMONT DRIVE, SUITE 520, ROUND ROCK TX 78665
Jordan Don Davis	officer: Chief Executive Officer	C/O VOLCON, INC., 2590 OAKMONT DRIVE, SUITE 520, ROUND ROCK TX 78665
Kyoung John Kim	director	C/O VOLCON, INC., 2590 OAKMONT DRIVE, SUITE 520, ROUND ROCK TX 78665