Shorepower Technologies (Shorepower Technologies) Receivables Turnover : 1.00 (As of Nov. 2023)

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What is Shorepower Technologies 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. Shorepower Technologies's Revenue for the three months ended in Nov. 2023 was $0.00 Mil. Shorepower Technologies's average Accounts Receivable for the three months ended in Nov. 2023 was $0.00 Mil. Hence, Shorepower Technologies's Receivables Turnover for the three months ended in Nov. 2023 was 1.00.

Shorepower Technologies Receivables Turnover Historical Data

The historical data trend for Shorepower Technologies'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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Shorepower Technologies Receivables Turnover Chart

Shorepower Technologies Annual Data

Trend

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Receivables Turnover

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Shorepower Technologies Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
Receivables Turnover	Get a 7-Day Free Trial															-	-	0.38	1.00	1.00

Competitive Comparison of Shorepower Technologies's Receivables Turnover

For the Specialty Retail subindustry, Shorepower Technologies'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.

Shorepower Technologies's Receivables Turnover Distribution in the Retail - Cyclical Industry

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

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

Shorepower Technologies Receivables Turnover Calculation

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

Shorepower Technologies's Receivables Turnover for the fiscal year that ended in Feb. 2023 is calculated as

	Receivables Turnover (A: Feb. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Feb. 2023 )	/ (	(Accounts Receivable (A: Feb. 2022 )	+	Accounts Receivable (A: Feb. 2023 ))	/	count )
=	0	/ (	(0	+	0.05)	/	1 )
=	0	/	0.05
=	N/A

Shorepower Technologies's Receivables Turnover for the quarter that ended in Nov. 2023 is calculated as

	Receivables Turnover (Q: Nov. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Nov. 2023 )	/ (	(Accounts Receivable (Q: Aug. 2023 )	+	Accounts Receivable (Q: Nov. 2023 ))	/	count )
=	0.003	/ (	(0.003	+	0.003)	/	2 )
=	0.003	/	0.003
=	1.00

Shorepower Technologies (OTCPK:SPEV) 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.

Shorepower Technologies Receivables Turnover Related Terms

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Shorepower Technologies (Shorepower Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Shorepower Technologies Inc (OTCPK:SPEV) » Definitions » Receivables Turnover

Comparable Companies

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Address

5291 NE Elam Young Parkway, Suite 160, Hillsboro, OR, USA, 97124

Website

https://www.shorepower.com

Shorepower Technologies Inc is a transportation electrification company that builds, deploys, and operates plug-in stations that allow electric vehicles, trucks, and refrigerated trailers to conveniently access electric power while parked or staged.

Executives

Erop Capital Llc	10 percent owner	912 HOLCOMB BRIDGE ROAD, STE 101, ROSWELL GA 30076
Jeffrey Kim	director, 10 percent owner, officer: President and CEO	5291 NE ELAM YOUNG PARKWAY,, SUITE 160, HILLSBORO OR 97124
Thirty 05 Llc	director, officer: President	3005 HOEDT RD, TAMPA FL 33618

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