Delorean (ASX:DEL) Receivables Turnover : 6.51 (As of Dec. 2023)

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What is Delorean Receivables Turnover?

The Receivables Turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by average Accounts Receivable. An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. Delorean's Revenue for the six months ended in Dec. 2023 was A$6.53 Mil. Delorean's average Accounts Receivable for the six months ended in Dec. 2023 was A$1.00 Mil. Hence, Delorean's Receivables Turnover for the six months ended in Dec. 2023 was 6.51.

Delorean Receivables Turnover Historical Data

The historical data trend for Delorean's Receivables Turnover 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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Delorean Receivables Turnover Chart

Delorean Annual Data

Trend

Jun20

Jun21

Jun22

Jun23

Receivables Turnover

20.82

14.92

5.95

Delorean Semi-Annual Data
	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial			8.30	4.92	5.01	0.60	6.51

Competitive Comparison of Delorean's Receivables Turnover

For the Utilities - Renewable subindustry, Delorean's Receivables Turnover, along with its competitors' market caps and Receivables Turnover data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Delorean's Receivables Turnover Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Delorean's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Delorean's Receivables Turnover falls into.

Delorean Receivables Turnover Calculation

Receivables Turnover measures the number of times a company collects its average accounts receivable balance.

Delorean's Receivables Turnover for the fiscal year that ended in Jun. 2023 is calculated as

	Receivables Turnover (A: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jun. 2023 )	/ (	(Accounts Receivable (A: Jun. 2022 )	+	Accounts Receivable (A: Jun. 2023 ))	/	count )
=	19.255	/ (	(4.898	+	1.571)	/	2 )
=	19.255	/	3.2345
=	5.95

Delorean's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Jun. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	6.532	/ (	(1.571	+	0.435)	/	2 )
=	6.532	/	1.003
=	6.51

Delorean (ASX:DEL) Receivables Turnover Explanation

An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. This metric is commonly used to compare companies within the same industry to check whether they are on par with their competitors.

Delorean Receivables Turnover Related Terms

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Delorean (ASX:DEL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Delorean Corp Ltd (ASX:DEL) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

1205 Hay Street, Ground Floor, West Perth, Perth, WA, AUS, 6005

Website

https://www.deloreancorporation.com.au

Delorean Corp Ltd operates in the renewable energy industry. The company operates in four segments: Infrastructure - the infrastructure asset investment and development division; Engineering - the construction of site-specific anaerobic digestion plants division; Energy retail - the electricity sale division; Corporate - the corporate division. The majority of the revenue comes from Energy retail sector. Geographically it operates in Australia and New Zealand from which it derives substantial revenue from Australia.