Pacific Green Technologies (Pacific Green Technologies) Accounts Receivable : $0.52 Mil (As of Dec. 2023)

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What is Pacific Green Technologies Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Pacific Green Technologies's accounts receivables for the quarter that ended in Dec. 2023 was $0.52 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Pacific Green Technologies's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 0.55.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Pacific Green Technologies's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-0.12.

Pacific Green Technologies Accounts Receivable Historical Data

The historical data trend for Pacific Green Technologies'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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Pacific Green Technologies Accounts Receivable Chart

Pacific Green Technologies Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Accounts Receivable

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0.78

16.16

10.76

4.88

0.89

Pacific Green Technologies Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Accounts Receivable	Get a 7-Day Free Trial															1.43	0.89	1.33	0.79	0.52

Pacific Green Technologies Accounts Receivable Calculation

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

Pacific Green Technologies 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.

Pacific Green Technologies's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.52	/	85.962	*	91
=	0.55

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

Pacific Green Technologies's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 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)
=	(13.064	+	0.75 * 0.52	+	0.5 * 0.881	-	19.175
-	0	-	0.794)	/	52.3457
=	-0.12

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.

Pacific Green Technologies Accounts Receivable Related Terms

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Pacific Green Technologies (Pacific Green Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Pacific Green Technologies Inc (OTCPK:PGTK) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

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Address

8 The Green, Suite 10212, Dover, DE, USA, 19901

Website

https://www.pacificgreen-group.com

Pacific Green Technologies Inc is engaged in developing emission control systems technology. The company design, manufactures, and implements flue gas emission control systems throughout the world. It offers a product such as ENVI-Marine for the marine industry, ENVI-Pure for the waste-to-energy and biomass industries, and ENVI-Clean is designed for coal-fired power electricity generation and industrial plants involved in steel generation. Geographically, it has a presence in North America, Asia, and Europe of which it derives a majority of its revenue from the Europe region.

Executives

Fresh Air Investments (canada) Ltd.	10 percent owner	409-221 W. ESPLANADE, NORTH VANCOUVER A1 V7M 3J3
Twynam Investments Proprietary Ltd	10 percent owner, other: Chief Financial Officer	226 LIVERPOOL STREET, DARLINGHURST, SYDNEY C3 2010
Richard Fraser-smith	officer: Chief Financial Officer	7 NIGHTINGALE ROAD, HAMPTON, MIDDLESEX X0 TW12 3HU
Pacific Green Group Ltd	10 percent owner	BISON COURT, ROAD TOWN, TORTOLA D8 0000
Alexander Shead	director	10/50 BERRY STREET, NORTH SYDNEY NSW C3 0000
Chris Williams	director	335A THORPE ROAD, PETERBOROUGH CAMBS X0 PE3 6LU
Andrew Jolly	director	SOPHIA HOUSE, 28 CATHEDRAL ROAD, CARDIFF X0 CF911 9LJ
Neil Carmichael	director	5205 PROSPECT ROAD, SUITE 135 - 226, SAN JOSE CA 95129
Jordan Starkman	director, officer: President/Secretary/Treasurer	5205 PROSPECT ROAD, SUITE 135 - 226, SAN JOSE CA 95129