ENEFI Asset Management (BUD:ENEFI) Receivables Turnover : 1.22 (As of Dec. 2023)

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What is ENEFI Asset Management 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. ENEFI Asset Management's Revenue for the six months ended in Dec. 2023 was Ft165.9 Mil. ENEFI Asset Management's average Accounts Receivable for the six months ended in Dec. 2023 was Ft135.6 Mil. Hence, ENEFI Asset Management's Receivables Turnover for the six months ended in Dec. 2023 was 1.22.

ENEFI Asset Management Receivables Turnover Historical Data

The historical data trend for ENEFI Asset Management'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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ENEFI Asset Management Receivables Turnover Chart

ENEFI Asset Management Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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2.70

8.85

5.31

3.80

2.92

ENEFI Asset Management Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															1.60	1.01	0.44	1.40	1.22

Competitive Comparison of ENEFI Asset Management's Receivables Turnover

For the Utilities - Renewable subindustry, ENEFI Asset Management'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.

ENEFI Asset Management's Receivables Turnover Distribution in the Utilities - Independent Power Producers Industry

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

* The bar in red indicates where ENEFI Asset Management's Receivables Turnover falls into.

ENEFI Asset Management Receivables Turnover Calculation

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

ENEFI Asset Management's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Receivables Turnover (A: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2023 )	/ (	(Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )
=	396.013	/ (	(164.852	+	106.648)	/	2 )
=	396.013	/	135.75
=	2.92

ENEFI Asset Management'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 )
=	165.863	/ (	(164.524	+	106.648)	/	2 )
=	165.863	/	135.586
=	1.22

ENEFI Asset Management (BUD:ENEFI) 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.

ENEFI Asset Management Receivables Turnover Related Terms

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ENEFI Asset Management (BUD:ENEFI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » ENEFI Asset Management PLC (BUD:ENEFI) » Definitions » Receivables Turnover

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Traded in Other Exchanges

N/A

Address

Nanasi ut 23779/8/E/24, Budapest, HUN, 1031

Website

https://www.enefi.hu

ENEFI Asset Management PLC is an alternative energy company specializing in the implementation of self-financed, technology-independent, and supplier-independent complex energy efficiency-improvement projects, based on the combination of fossil and renewable energy sources. It offers heat supply, public lighting, and kitchen technology investments. The company operates in the following segments: the Energy sector; the Real segment which currently has four branches: finance, tourism, real estate, and food industry; and the Capital market segment. The company derives the majority of its revenue from the Energy sector. The company operates in Cyprus and Romania, out of which the majority of the revenue is generated from Romania.

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