Shoals Technologies Group (Shoals Technologies Group) Accounts Receivable : $103.4 Mil (As of Mar. 2024)

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What is Shoals Technologies Group Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Shoals Technologies Group's accounts receivables for the quarter that ended in Mar. 2024 was $103.4 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Shoals Technologies Group's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 103.91.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Shoals Technologies Group's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $-0.87.

Shoals Technologies Group Accounts Receivable Historical Data

The historical data trend for Shoals Technologies Group'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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Shoals Technologies Group Accounts Receivable Chart

Shoals Technologies Group Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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27.29

27.00

31.50

50.58

107.12

Shoals Technologies Group Quarterly Data
	Dec18	Sep19	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															75.42	97.10	108.89	107.12	103.40

Shoals Technologies Group Accounts Receivable Calculation

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

Shoals Technologies Group 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	103.403	/	90.807	*	91
=	103.91

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

Shoals Technologies Group'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)
=	(15.236	+	0.75 * 103.403	+	0.5 * 59.565	-	271.329
-	0	-	0)	/	170.42
=	-0.87

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.

Shoals Technologies Group Accounts Receivable Related Terms

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Shoals Technologies Group (Shoals Technologies Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Shoals Technologies Group Inc (NAS:SHLS) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

SHLS:Mexico

Address

1400 Shoals Way, Portland, TN, USA, 37148

Website

https://www.shoals.com

Shoals Technologies Group Inc is a provider of electrical balance of system or EBOS solutions for solar energy projects, primarily in the United States. EBOS encompasses components that are necessary to carry electric current produced by solar panels to an inverter. The products are sold principally to engineering, procurement and construction firms that build solar energy projects. In 2022 the company entered the electric vehicle charging market.

Executives

Jeffery Tolnar	officer: President	C/O SHOALS TECHNOLOGIES GROUP, 1400 SHOALS WAY, PORTLAND TN 37148
Mehgan Peetz	officer: General Counsel	C/O SHOALS TECHNOLOGIES GROUP, 1400 SHOALS WAY, PORTLAND TN 37148
Dominic Bardos	officer: Chief Financial Officer	1801 RUSSELLVILLE RD, BOWLING GREEN KY 42101
Brandon Moss	officer: Chief Executive Officer	C/O SHOALS TECHNOLOGIES GROUP, 1400 SHOALS WAY, PORTLAND TN 37148
Jason R Whitaker	director, officer: Chief Executive Officer	C/O SHOALS TECHNOLOGIES GROUP, 1400 SHOALS WAY, PORTLAND TN 37148
Dean Solon	director	C/O SHOALS TECHNOLOGIES GROUP, 1400 SHOALS WAY, PORTLAND TN 37148
Jeannette M Mills	director	C/O MEDIFAST, INC., 3600 CRONDALL LANE, OWINGS MILLS MD 21117
Robert K. Julian	director	C/O SPORTSMAN'S WAREHOUSE, 7035 SOUTH HIGH TECH DRIVE, MIDVALE UT 84047
Philip A Garton	officer: Chief Financial Officer	C/O SHOALS TECHNOLOGIES GROUP, 1400 SHOALS WAY, PORTLAND TN 37148
White John Joseph Jr	officer: Chief Operating Officer	C/O SHOALS TECHNOLOGIES GROUP, 1400 SHOALS WAY, PORTLAND TN 37148
Bam Partners Trust	10 percent owner	181 BAY STREET, SUITE 300, TORONTO A6 M5J 2T3
Lori S Sundberg	director	400 NORTH FIFTH STREET, PHOENIX AZ 85004
Ty P. Daul	director	77 RIO ROBLES, SAN JOSE CA 95134
Toni Volpe	director	C/O SHOALS TECHNOLOGIES GROUP, 1400 SHOALS WAY, PORTLAND TN 37148
Solon Holdco Iii, Llc	10 percent owner	1400 SHOALS WAY, PORTLAND TN 37148