Electric Last Mile Solutions (Electric Last Mile Solutions) Accounts Receivable : $0.14 Mil (As of Sep. 2021)

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What is Electric Last Mile Solutions Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Electric Last Mile Solutions's accounts receivables for the quarter that ended in Sep. 2021 was $0.14 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Electric Last Mile Solutions's Days Sales Outstanding for the quarter that ended in Sep. 2021 was 91.25.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Electric Last Mile Solutions's Net-Net Working Capital per share for the quarter that ended in Sep. 2021 was $0.25.

Electric Last Mile Solutions Accounts Receivable Historical Data

The historical data trend for Electric Last Mile Solutions'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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Electric Last Mile Solutions Accounts Receivable Chart

Electric Last Mile Solutions Annual Data

Trend

Accounts Receivable

Electric Last Mile Solutions Quarterly Data
	Jun21	Sep21
Accounts Receivable	-	0.14

Electric Last Mile Solutions Accounts Receivable Calculation

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

Electric Last Mile Solutions 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.

Electric Last Mile Solutions's Days Sales Outstanding for the quarter that ended in Sep. 2021 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.136	/	0.136	*	91
=	91.25

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

Electric Last Mile Solutions's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2021 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)
=	(143.154	+	0.75 * 0.136	+	0.5 * 7.579	-	117.013
-	0	-	0)	/	118.777
=	0.25

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.

Electric Last Mile Solutions Accounts Receivable Related Terms

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Electric Last Mile Solutions (Electric Last Mile Solutions) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Electric Last Mile Solutions Inc (OTCPK:ELMSQ) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

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Address

1055 West Square Lake Road, Troy, MI, USA, 48098

Website

https://www.electriclastmile.com

Electric Last Mile Solutions Inc is focused on redefining the last mile with efficient, connected, and customizable solutions. Its first vehicle, the Urban Delivery, is anticipated to be the first Class 1 commercial electric vehicle in the U.S. market.

Executives

Dono Thomas Michael Jr	officer: Ch. Legal Officer & Corp. Sec.	882 SIMPSON STREET, PLYMOUTH MI 48170
Jonathan Ballon	officer: Chief Strategy & Digital Ofcr	1055 W SQUARE LAKE ROAD TROY MI 48098
Yao (rob) Song	officer: Treasurer, PAO and Controller	125 E. JOHN CARPENTER FREEWAY SUITE 1650 IRVING TX 75062
Hailiang Hu	officer: Chief Operating Officer	1055 W. SQUARE LAKE ROAD TROY MI 48098
Richard N. Peretz	director	55 GLENLAKE PARKWAY, NE, ATLANTA GA 30328
Kevork Tro Adjemian	officer: Chief Technical Officer	1055 W. SQUARE LAKE ROAD TROY MI 48098
James Taylor	director, officer: Chief Executive Officer	1070 WEST GUNN ROAD, ROCHESTER MI 48306
Benjamin F Wu	officer: General Counsel and Secretary	1055 W. SQUARE LAKE ROAD TROY MI 48098
Shauna Mcintyre	director	150 N. BARTLETT STREET, MEDFORD OR 97501
Albert Li	officer: CFO & Treasurer	1055 W. SQUARE LAKE ROAD TROY MI 48098
Jason Luo	director, 10 percent owner, officer: Executive Chairman & President	1055 W. SQUARE LAKE ROAD TROY MI 48098
Brian M Krzanich	director	1210 MACDONALD RANCH ROAD, HENDERSON NV 89012
Neil Goldberg	director	135 EAST 57TH STREET 8TH FLOOR, NEW YORK NY 10022
Forum Capital Management Iii Llc	director, 10 percent owner	1615 SOUTH CONGRESS AVENUE, SUITE 103 DELRAY BEACH FL 33445
Forum Investors Iii Llc	director, 10 percent owner, other: *Director by Deputization	1615 SOUTH CONGRESS AVENUE, SUITE 103 DELRAY BEACH FL 33445