Turbo Energy (STU:X8WA) Change In Receivables : €0.30 Mil (TTM As of Jun. 2024)

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What is Turbo Energy Change In Receivables?

Turbo Energy's change in receivables for the quarter that ended in Jun. 2024 was €2.24 Mil. It means Turbo Energy's Accounts Receivable declined by €2.24 Mil from Dec. 2023 to Jun. 2024 .

Turbo Energy's change in receivables for the fiscal year that ended in Dec. 2023 was €-0.48 Mil. It means Turbo Energy's Accounts Receivable increased by €0.48 Mil from Dec. 2022 to Dec. 2023 .

Turbo Energy's Accounts Receivable for the quarter that ended in Jun. 2024 was €1.64 Mil.

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 Receivable are being managed. Turbo Energy's Days Sales Outstanding for the six months ended in Jun. 2024 was 61.26.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Turbo Energy's liquidation value for the six months ended in Jun. 2024 was €-2.89 Mil.

Turbo Energy Change In Receivables Historical Data

The historical data trend for Turbo Energy's Change In Receivables 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 Change In Receivables Chart

Turbo Energy Annual Data

Trend

Dec21

Dec22

Dec23

Change In Receivables

-1.77

-0.12

-0.48

Turbo Energy Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Change In Receivables	Get a 7-Day Free Trial			-0.07	-0.05	1.46	-1.94	2.24

Turbo Energy Change In Receivables Calculation

Change In Accounts Receivable relative to the previous period. It is any increase or decrease in the cash a company is owed by its customers.

Change In Receivables for the trailing twelve months (TTM) ended in Jun. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was €0.30 Mil.

Turbo Energy (STU:X8WA) Change In Receivables 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 Receivable 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 liquidation value, Turbo Energy's accounts receivable are only considered to be worth 75% of book value:

Turbo Energy's liquidation value for the quarter that ended in Jun. 2024 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	2.048	-	7.5	+	0.75 * 1.637	+	0.5 * 2.675
=	-2.89

Turbo Energy Change In Receivables Related Terms

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Turbo Energy Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Turbo Energy SA (STU:X8WA) » Definitions » Change In Receivables

Traded in Other Exchanges

TURB:USA X8WA:Germany

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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