Alternergy Holdings (PHS:ALTER) Receivables Turnover : 0.47 (As of Mar. 2024)

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What is Alternergy Holdings 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. Alternergy Holdings's Revenue for the three months ended in Mar. 2024 was ₱82.3 Mil. Alternergy Holdings's average Accounts Receivable for the three months ended in Mar. 2024 was ₱174.6 Mil. Hence, Alternergy Holdings's Receivables Turnover for the three months ended in Mar. 2024 was 0.47.

Alternergy Holdings Receivables Turnover Historical Data

The historical data trend for Alternergy Holdings'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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Alternergy Holdings Receivables Turnover Chart

Alternergy Holdings Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Jun22

Jun23

Receivables Turnover

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44.85

133.95

10.02

Alternergy Holdings Quarterly Data
	Dec18	Dec19	Dec20	Jun21	Sep21	Dec21	Jun22	Sep22	Mar23	Jun23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial							2.46	2.08	2.32	0.66	0.47

Competitive Comparison of Alternergy Holdings's Receivables Turnover

For the Utilities - Renewable subindustry, Alternergy Holdings'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.

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

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

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

Alternergy Holdings Receivables Turnover Calculation

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

Alternergy Holdings'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 )
=	171.484	/ (	(16.873	+	17.347)	/	2 )
=	171.484	/	17.11
=	10.02

Alternergy Holdings'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 )
=	82.312	/ (	(155.277	+	193.835)	/	2 )
=	82.312	/	174.556
=	0.47

Alternergy Holdings (PHS:ALTER) 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.

Alternergy Holdings Receivables Turnover Related Terms

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Alternergy Holdings (PHS:ALTER) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Alternergy Holdings Corp (PHS:ALTER) » Definitions » Receivables Turnover

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Traded in Other Exchanges

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Address

Paseo de Roxas corner Legazpi Street, Level 3B, 111 Paseo de Roxas Building, Legazpi Village, Makati, PHL, 1229

Website

https://www.alternergy.com

Alternergy Holdings Corp is a renewable energy holding company. The company's segments include Wind Energy; Hydro Energy; Solar Energy and Retail Energy Supplier (RES). It generates maximum revenue from the Solar Energy segment. The Solar Energy segment includes Generation and supply of solar power to various customers under power supply contracts.

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