iPower (iPower) Receivables Turnover : 1.63 (As of Mar. 2024)

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What is iPower 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. iPower's Revenue for the three months ended in Mar. 2024 was $23.31 Mil. iPower's average Accounts Receivable for the three months ended in Mar. 2024 was $14.31 Mil. Hence, iPower's Receivables Turnover for the three months ended in Mar. 2024 was 1.63.

iPower Receivables Turnover Historical Data

The historical data trend for iPower'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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iPower Receivables Turnover Chart

iPower Annual Data

Trend

Jun19

Jun20

Jun21

Jun22

Jun23

Receivables Turnover

6.28

8.23

7.75

6.27

5.64

iPower Quarterly Data
	Jun19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial														1.48	1.57	1.94	1.34	1.63

Competitive Comparison of iPower's Receivables Turnover

For the Internet Retail subindustry, iPower'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.

iPower's Receivables Turnover Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, iPower's Receivables Turnover distribution charts can be found below:

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

iPower Receivables Turnover Calculation

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

iPower'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 )
=	88.902	/ (	(17.432	+	14.072)	/	2 )
=	88.902	/	15.752
=	5.64

iPower's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	23.309	/ (	(11.766	+	16.844)	/	2 )
=	23.309	/	14.305
=	1.63

iPower (NAS:IPW) 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.

iPower Receivables Turnover Related Terms

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iPower (iPower) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » iPower Inc (NAS:IPW) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

8798 9th Street, Rancho Cucamonga, CA, USA, 91730

Website

https://www.meetipower.com

iPower Inc is online hydroponic equipment and accessory retailer and supplier in North America. The company sells products through own website as well as online channel partners that include Amazon, Walmart, and eBay.

Executives

Kevin Vassily	director, officer: Chief Financial Officer	C/O IPOWER INC., 2399 BATEMAN AVENUE, DUARTE CA 91010
Chenlong Tan	director, 10 percent owner, officer: Chief Executive Officer	2399 BATEMAN AVE., IRWINDALE CA 91010
Hanxi Li	director	C/O IPOWER, INC., 2399 BATEMAN AVENUE, DUARTE CA 91010
Danilo Cacciamatta	director
Tchaikovsky Bennet Price Jr	director	11601 WILSHIRE BOULEVARD, SUITE 2150, LOS ANGELES CA 90025
Kevin Liles	director	C/O IPOWER INC., 2399 BATEMAN AVENUE, DUARTE CA 91010