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Athena Investments A/S (Athena Investments A/S) Receivables Turnover : 2.35 (As of Jun. 2020)


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What is Athena Investments A/S 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. Athena Investments A/S's Revenue for the six months ended in Jun. 2020 was $0.11 Mil. Athena Investments A/S's average Accounts Receivable for the six months ended in Jun. 2020 was $0.05 Mil. Hence, Athena Investments A/S's Receivables Turnover for the six months ended in Jun. 2020 was 2.35.


Athena Investments A/S Receivables Turnover Historical Data

The historical data trend for Athena Investments A/S'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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Athena Investments A/S Receivables Turnover Chart

Athena Investments A/S Annual Data
Trend Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.47 3.05 3.69 0.02 0.06

Athena Investments A/S Semi-Annual Data
Dec10 Jun11 Dec11 Jun12 Dec12 Jun13 Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.61 - 0.03 0.03 2.35

Competitive Comparison of Athena Investments A/S's Receivables Turnover

For the Utilities - Renewable subindustry, Athena Investments A/S'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.


Athena Investments A/S's Receivables Turnover Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Athena Investments A/S's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Athena Investments A/S's Receivables Turnover falls into.



Athena Investments A/S Receivables Turnover Calculation

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

Athena Investments A/S's Receivables Turnover for the fiscal year that ended in Dec. 2019 is calculated as

Receivables Turnover (A: Dec. 2019 )
=Revenue / Average Total Inventories
=Revenue (A: Dec. 2019 ) / ((Accounts Receivable (A: Dec. 2018 ) + Accounts Receivable (A: Dec. 2019 )) / count )
=0.429 / ((14.59 + 0.05) / 2 )
=0.429 / 7.32
=0.06

Athena Investments A/S's Receivables Turnover for the quarter that ended in Jun. 2020 is calculated as

Receivables Turnover (Q: Jun. 2020 )
=Revenue / Average Total Inventories
=Revenue (Q: Jun. 2020 ) / ((Accounts Receivable (Q: Dec. 2019 ) + Accounts Receivable (Q: Jun. 2020 )) / count )
=0.113 / ((0.05 + 0.046) / 2 )
=0.113 / 0.048
=2.35

* 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.


Athena Investments A/S  (GREY:GRTSF) 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.


Athena Investments A/S Receivables Turnover Related Terms

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Athena Investments A/S (Athena Investments A/S) Business Description

Traded in Other Exchanges
N/A
Address
Harbour House, Sundkrogsgade 21, Copenhagen, DNK, 2100
Athena Investments A/S is a Denmark based investment holding company. The company's activities include the operation of renewable energy plants and are focused on two technologies: Wind power and Solar power. Geographically, it is located throughout Italy, Spain, Denmark, Germany, and Poland. The vast majority of its revenue flows from wind power technology through the Italy region. The company has discontinued its current operations and looking for new business opportunities.

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