ZKGC New Energy (ZKGC New Energy) Accounts Receivable : $0.69 Mil (As of May. 2023)

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What is ZKGC New Energy Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. ZKGC New Energy's accounts receivables for the quarter that ended in May. 2023 was $0.69 Mil.

Accounts receivable can be measured by Days Sales Outstanding. ZKGC New Energy's Days Sales Outstanding for the quarter that ended in May. 2023 was 32.98.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. ZKGC New Energy's Net-Net Working Capital per share for the quarter that ended in May. 2023 was $-0.06.

ZKGC New Energy Accounts Receivable Historical Data

The historical data trend for ZKGC New Energy'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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ZKGC New Energy Accounts Receivable Chart

ZKGC New Energy Annual Data

Trend

May21

May22

May23

Accounts Receivable

0.27

0.28

0.69

ZKGC New Energy Semi-Annual Data
	May21	May22	May23
Accounts Receivable	0.27	0.28	0.69

ZKGC New Energy Accounts Receivable Calculation

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

ZKGC New Energy 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.

ZKGC New Energy's Days Sales Outstanding for the quarter that ended in May. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.685	/	3.79	*	91
=	32.98

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

ZKGC New Energy's Net-Net Working Capital Per Share for the quarter that ended in May. 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)
=	(0.042	+	0.75 * 0.685	+	0.5 * 0	-	1.334
-	0	-	-0.001)	/	13
=	-0.06

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.

ZKGC New Energy Accounts Receivable Related Terms

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ZKGC New Energy (ZKGC New Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » ZKGC New Energy Ltd (OTCPK:ZKGCF) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

12 Xinxiangdi Jiari, Chengmai County, Hainan Province, Laocheng Town, Laocheng, CHN, 571924

Website

ZKGC New Energy Ltd is a builder, owner, operator, and manager of electric vehicle (EV) charging stations and a provider of EV charging equipment and networked EV charging services. The company offers residential and commercial EV charging equipment, enabling EV drivers to recharge at various location types. Its line of products and services is its Charging Cloud SAAS Platform, EV charging equipment, and EV charging services. The SAAS network provides property owners, managers, parking companies, and state and municipal entities with cloud-based services that enable the remote monitoring and management of EV charging stations. The SAAS network also provides EV drivers with vital station information, including station location, availability and fee payment.

Executives

Zhuowei Zhong	10 percent owner	5 JUMEI BIG STREET, XIAOLAN TOWN, ZHONGSHAN CITY, GUANGDONG PROVINCE F4 528415
Zhifei Huang	director, officer: Chief Financial Officer	3 FIVE ALLEY, DITANGKOU, PINGWANGGANGXIE, DATANG TOWN, SANSHUI DISTRICT, FOSHAN, GUANGDONG PROVINCE F4 528143
Zhuowen Chen	director, officer: Chief Executive Officer	401 BUILDING 23, JIANGPAN NEW RESIDENTIAL QUARTERS, ZHONGSHAN CITY, GUANGDONG PROV F4 528401
Zonghan Wu	director, officer: Secretary	46 REEVES ROAD, PAKURANGA, AUCKLAND Q2 2140
Jinqi Liao	10 percent owner	12 XINXIANGDI JIARI, LAOCHENG TOWN, CHENGMAI COUNTY, HAINAN PROVINCE F4 571924

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