Solargiga Energy Holdings (Solargiga Energy Holdings) Receivables Turnover : 2.60 (As of Dec. 2023)

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What is Solargiga Energy 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. Solargiga Energy Holdings's Revenue for the six months ended in Dec. 2023 was $521 Mil. Solargiga Energy Holdings's average Accounts Receivable for the six months ended in Dec. 2023 was $201 Mil. Hence, Solargiga Energy Holdings's Receivables Turnover for the six months ended in Dec. 2023 was 2.60.

Solargiga Energy Holdings Receivables Turnover Historical Data

The historical data trend for Solargiga Energy 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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Solargiga Energy Holdings Receivables Turnover Chart

Solargiga Energy Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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3.28

4.96

3.85

5.57

4.95

Solargiga Energy Holdings 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															1.54	2.01	3.95	3.00	2.60

Competitive Comparison of Solargiga Energy Holdings's Receivables Turnover

For the Solar subindustry, Solargiga Energy 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.

Solargiga Energy Holdings's Receivables Turnover Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Solargiga Energy Holdings's Receivables Turnover distribution charts can be found below:

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

Solargiga Energy Holdings Receivables Turnover Calculation

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

Solargiga Energy Holdings'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 )
=	1007.374	/ (	(164.639	+	242.513)	/	2 )
=	1007.374	/	203.576
=	4.95

Solargiga Energy Holdings'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 )
=	521.03	/ (	(158.895	+	242.513)	/	2 )
=	521.03	/	200.704
=	2.60

Solargiga Energy Holdings (OTCPK:SEHLF) 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.

Solargiga Energy Holdings Receivables Turnover Related Terms

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Solargiga Energy Holdings (Solargiga Energy Holdings) Business Description

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00757:Hong Kong 3FV:Germany

Address

25 Harbour Road, Room 1402, Harbour Centre, Wanchai, Hong Kong, HKG

Website

https://www.solargiga.com

Solargiga Energy Holdings Ltd is a supplier of upstream and downstream solar energy services. It is involved in the manufacturing of, trading of and provision of processing services for polysilicon and monocrystalline silicon solar ingots, the manufacturing, and trading of semiconductor and monocrystalline silicon solar cells, the manufacturing and trading of photovoltaic modules, and the construction and operation of photovoltaic power plants. The company derives the majority of its revenues from the manufacturing and trading of photovoltaic modules. It mainly operates in Mainland China, Japan, Taiwan, Europe, America, and other Asian regions.

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