BLDP (Ballard Power Systems) Receivables Turnover : 0.68 (As of Mar. 2025)

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What is Ballard Power Systems 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. Ballard Power Systems's Revenue for the three months ended in Mar. 2025 was $15.39 Mil. Ballard Power Systems's average Accounts Receivable for the three months ended in Mar. 2025 was $22.48 Mil. Hence, Ballard Power Systems's Receivables Turnover for the three months ended in Mar. 2025 was 0.68.

Ballard Power Systems Receivables Turnover Historical Data

The historical data trend for Ballard Power Systems'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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Ballard Power Systems Receivables Turnover Chart

Ballard Power Systems Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Receivables Turnover

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3.69

4.29

3.62

3.23

2.26

Ballard Power Systems Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Receivables Turnover	Get a 7-Day Free Trial															0.48	0.75	0.73	1.11	0.68

Competitive Comparison of Ballard Power Systems's Receivables Turnover

For the Specialty Industrial Machinery subindustry, Ballard Power Systems'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.

Ballard Power Systems's Receivables Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Ballard Power Systems's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Ballard Power Systems's Receivables Turnover falls into.

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Ballard Power Systems Receivables Turnover Calculation

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

Ballard Power Systems's Receivables Turnover for the fiscal year that ended in Dec. 2024 is calculated as

	Receivables Turnover (A: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2024 )	/ (	(Accounts Receivable (A: Dec. 2023 )	+	Accounts Receivable (A: Dec. 2024 ))	/	count )
=	69.731	/ (	(37.49	+	24.183)	/	2 )
=	69.731	/	30.8365
=	2.26

Ballard Power Systems's Receivables Turnover for the quarter that ended in Mar. 2025 is calculated as

	Receivables Turnover (Q: Mar. 2025 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2025 )	/ (	(Accounts Receivable (Q: Dec. 2024 )	+	Accounts Receivable (Q: Mar. 2025 ))	/	count )
=	15.389	/ (	(24.183	+	20.773)	/	2 )
=	15.389	/	22.478
=	0.68

Ballard Power Systems (NAS:BLDP) 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.

Ballard Power Systems Receivables Turnover Related Terms

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Ballard Power Systems Business Description

Industry

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Traded in Other Exchanges

0QY5:UK PO0:Germany PO0:Germany BLDP:Canada PO0:Bulgaria

Address

9000 Glenlyon Parkway, Legal Department, Burnaby, BC, CAN, V5J 5J8

Website

https://www.ballard.com

Ballard Power Systems Inc is engaged in design, development, manufacture, sale and service of proton exchange membrane ("PEM") fuel cell products for a variety of applications, focusing on power products for bus, truck, rail, marine, stationary and emerging market (material handling, off-road and other) applications, as well as the delivery of services, including technology solutions, after sales services and training. A fuel cell is an environmentally clean electrochemical device that combines hydrogen fuel with oxygen (from the air) to produce electricity. Key geographical revenue is derived from Poland followed by United States, United Kingdom, and other countries.