Turbo Energy (STU:X8WA) Accounts Receivable : €1.64 Mil (As of Jun. 2024)

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What is Turbo Energy Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Turbo Energy's accounts receivables for the quarter that ended in Jun. 2024 was €1.64 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Turbo Energy's Days Sales Outstanding for the quarter that ended in Jun. 2024 was 61.26.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Turbo Energy's Net-Net Working Capital per share for the quarter that ended in Jun. 2024 was €-0.26.

Turbo Energy Accounts Receivable Historical Data

The historical data trend for Turbo Energy's Accounts Receivable 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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Turbo Energy Accounts Receivable Chart

Turbo Energy Annual Data

Trend

Dec21

Dec22

Dec23

Accounts Receivable

3.43

2.51

Turbo Energy Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Accounts Receivable	Get a 7-Day Free Trial			-	3.43	1.98	2.51	1.64

Turbo Energy Accounts Receivable Calculation

Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.

Turbo Energy Accounts Receivable Explanation

1. Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's accounts receivables are being managed.

Turbo Energy's Days Sales Outstanding for the quarter that ended in Jun. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	1.637	/	4.877	*	91
=	61.26

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Turbo Energy's accounts receivable are only considered to be worth 75% of book value:

Turbo Energy's Net-Net Working Capital Per Share for the quarter that ended in Jun. 2024 is calculated as:

	Net-Net Working Capital Per Share
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(2.048	+	0.75 * 1.637	+	0.5 * 2.675	-	7.5
-	0	-	0)	/	11.017
=	-0.26

Be Aware

Net receivables tells us a great deal about the different competitors in the same industry. In competitive industries, some attempt to gain advantage by offering better credit terms, causing increase in sales and receivables.

If company consistently shows lower % Net receivables to gross sales than competitors, then it usually has some kind of competitive advantage which requires further digging.

Average Days Sales Outstanding is a good indicator for measuring a company's sales channel and customers. A company may book great revenue and earnings growth but never receive payment from their customers. This may force a write-off in the future and depress future earnings.

Turbo Energy Accounts Receivable Related Terms

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Turbo Energy Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Turbo Energy SA (STU:X8WA) » Definitions » Accounts Receivable

Traded in Other Exchanges

TURB:USA

Address

Isabel la Catolica Street, 8, Offices 50-51, Valencia, ESP, 46004

Website

https://www.turbo-e.com

Turbo Energy SA is a company that specializes in designing, developing, and distributing equipment for the generation, management, and storage of photovoltaic energy. The company's primary activities include acquiring, distributing, and selling electrical and electronic materials for renewable energy projects, such as solar panels, inverters, chargers, regulators, batteries, and structures. The storage products are managed through a software system optimized by artificial intelligence, which is controlled from the cloud and through the installation inverter. Turbo Energy sells inverters, batteries, and photovoltaic modules to installers and other distributors for residential consumers in Spain.

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