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iPower (iPower) Accounts Receivable : $16.84 Mil (As of Mar. 2024)


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What is iPower Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. iPower's accounts receivables for the quarter that ended in Mar. 2024 was $16.84 Mil.

Accounts receivable can be measured by Days Sales Outstanding. iPower's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 65.94.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. iPower's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $-0.34.


iPower Accounts Receivable Historical Data

The historical data trend for iPower'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.

* Premium members only.

iPower Accounts Receivable Chart

iPower Annual Data
Trend Jun19 Jun20 Jun21 Jun22 Jun23
Accounts Receivable
3.64 6.07 7.90 17.43 14.07

iPower Quarterly Data
Jun19 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 15.71 14.07 13.24 11.77 16.84

iPower Accounts Receivable Calculation

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


iPower 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.

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

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=16.844/23.309*91
=65.94

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

iPower'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)
=(2.715+0.75 * 16.844+0.5 * 11.872-31.449
-0--0.035)/29.8182
=-0.34

* 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.


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.


iPower Accounts Receivable Related Terms

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iPower (iPower) Business Description

Traded in Other Exchanges
N/A
Address
8798 9th Street, Rancho Cucamonga, CA, USA, 91730
iPower Inc is online hydroponic equipment and accessory retailer and supplier in North America. The company sells products through own website as well as online channel partners that include Amazon, Walmart, and eBay.
Executives
Kevin Vassily director, officer: Chief Financial Officer C/O IPOWER INC., 2399 BATEMAN AVENUE, DUARTE CA 91010
Chenlong Tan director, 10 percent owner, officer: Chief Executive Officer 2399 BATEMAN AVE., IRWINDALE CA 91010
Hanxi Li director C/O IPOWER, INC., 2399 BATEMAN AVENUE, DUARTE CA 91010
Danilo Cacciamatta director
Tchaikovsky Bennet Price Jr director 11601 WILSHIRE BOULEVARD, SUITE 2150, LOS ANGELES CA 90025
Kevin Liles director C/O IPOWER INC., 2399 BATEMAN AVENUE, DUARTE CA 91010