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. Altus Power's Revenue for the
three
months ended in Sep. 2024 was $58.7 Mil. Altus Power's average Accounts Receivable for the
three
months ended in Sep. 2024 was $33.1 Mil.
Hence, Altus Power's Receivables Turnover for the
three
months ended in Sep. 2024 was 1.77.
Altus Power Receivables Turnover Historical Data
The historical data trend for Altus Power'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.
Competitive Comparison of Altus Power's Receivables Turnover
For the Utilities - Renewable subindustry, Altus Power'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.
Altus Power's Receivables Turnover Distribution in the Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Altus Power's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Altus Power's Receivables Turnover falls into.
Altus Power Receivables Turnover Calculation
Receivables Turnover measures the number of times a company collects its average accounts receivable balance.
Altus Power's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
Altus Power (NYSE:AMPS) 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.
Altus Power Receivables Turnover Related Terms
Thank you for viewing the detailed overview of Altus Power's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
Altus Power Inc is a developer, owner, and operator of large-scale photovoltaic and energy storage systems across the United States. The company serve commercial, industrial, public sector, and community solar customers. Its mission is to drive the clean energy transition by developing and operating solar generation and energy storage facilities. It owns a diverse portfolio of solar PV systems and has long-term agreements with enterprise entities and residential customers. Their primary product offerings include leases and revenue contracts for solar power generation, alongside electric vehicle charging and energy storage solutions. Revenue streams include power purchase agreements, net metering credit agreements, and SREC revenue.
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