Spruce Power Holding (Spruce Power Holding) Accounts Receivable : $10.96 Mil (As of Mar. 2024)

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What is Spruce Power Holding Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Spruce Power Holding's accounts receivables for the quarter that ended in Mar. 2024 was $10.96 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Spruce Power Holding's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 54.69.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Spruce Power Holding's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $-28.88.

Spruce Power Holding Accounts Receivable Historical Data

The historical data trend for Spruce Power Holding'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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Spruce Power Holding Accounts Receivable Chart

Spruce Power Holding Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

1.16

10.56

8.34

9.19

Spruce Power Holding Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Accounts Receivable	Get a 7-Day Free Trial													11.40	13.57	12.57	9.19	10.96

Spruce Power Holding Accounts Receivable Calculation

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

Spruce Power Holding 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	10.961	/	18.287	*	91
=	54.69

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

Spruce Power Holding'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)
=	(120.581	+	0.75 * 10.961	+	0.5 * 0	-	654.924
-	0	-	2.253)	/	18.2976
=	-28.88

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.

Spruce Power Holding Accounts Receivable Related Terms

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Spruce Power Holding (Spruce Power Holding) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Spruce Power Holding Corp (NYSE:SPRU) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

1875 Lawrence Street, Suite 320, Denver, CO, USA, 80202

Website

https://www.sprucepower.com

Spruce Power Holding Corp is a renewable-focused Power-as-a-Service company offering solar battery installation and maintenance services, It provides subscription-based services for homeowners and small businesses to own and maintain rooftop solar and battery storage. Its solutions offerings comprise Battery Bundles and System Expansion Options.

Executives

Christian S. Fong	director, officer: President and CEO	7550 WISCONSIN AVENUE, 9TH FLOOR, BETHESDA MD 20814
Jonathan J Ledecky	director	C/O THE LEDECKY FOUNDATION, 901 - 15TH STREET, NW, SUITE 950, WASHINGTON DC 20005
Christopher M. Hayes	director	C/O XL HYBRIDS, INC., 145 NEWTON STREET, BOSTON MA 02135
Eric M. Tech	director, officer: CEO	2701 NAVISTAR DRIVE, LISLE IL 60532
Jonathan M Norling	officer: Chief Legal Officer	820 GESSNER ROAD, SUITE 500, HOUSTON TX 77024
Sarah Weber Wells	officer: SVP of Fin & Acc & Sustain'	820 GESSNER ROAD, SUITE 500, HOUSTON TX 77024
John P. Miller	director	26W073 MOHICAN DRIVE, WHEATON IL 60189
Stacey Constas	officer: General Counsel	47000 LIBERTY DRIVE, WIXOM MI 48393
Michael Kenhard	officer: CTO and VP of Engineering	47000 LIBERTY DRIVE, WIXOM MI 48393
Calhoun Colleen	officer: VP / GM of XL Grid	515 W. GREENS ROAD, SUITE 1200, HOUSTON TX 77067
Donald P Klein	officer: Chief Financial Officer	201 MITTEL DRIVE, WOOD DALE IL 60191
Cielo Hernandez	officer: Chief Financial Officer	C/O XL FLEET CORP., 145 NEWTON STREET, BOSTON MA 02135
Berklas James P Jr	officer: General Counsel	123 MAIN STREET, BRISTOL CT 06010
Sarah Sclarsic	director	C/O PIVOTAL INVESTMENT CORPORATION II, C/O GRAUBARD MILLER, 405 LEXINGTON AVE, NEW YORK NY 10174
Niharika Ramdev	director	C/O XL HYBRIDS, INC., 145 NEWTON STREET, BOSTON MA 02135