Brenmiller Energy (Brenmiller Energy) Receivables Turnover : 0.71 (As of Jun. 2023)

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What is Brenmiller Energy 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. Brenmiller Energy's Revenue for the three months ended in Jun. 2023 was $0.58 Mil. Brenmiller Energy's average Accounts Receivable for the three months ended in Jun. 2023 was $0.82 Mil. Hence, Brenmiller Energy's Receivables Turnover for the three months ended in Jun. 2023 was 0.71.

Brenmiller Energy Receivables Turnover Historical Data

The historical data trend for Brenmiller Energy'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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Brenmiller Energy Receivables Turnover Chart

Brenmiller Energy Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

2.44

3.71

1.33

Brenmiller Energy Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial							-	-	-	0.71	-

Competitive Comparison of Brenmiller Energy's Receivables Turnover

For the Utilities - Renewable subindustry, Brenmiller Energy'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.

Brenmiller Energy's Receivables Turnover Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Brenmiller Energy's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Brenmiller Energy's Receivables Turnover falls into.

Brenmiller Energy Receivables Turnover Calculation

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

Brenmiller Energy's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Receivables Turnover (A: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2023 )	/ (	(Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )
=	0.621	/ (	(0.657	+	0.278)	/	2 )
=	0.621	/	0.4675
=	1.33

Brenmiller Energy's Receivables Turnover for the quarter that ended in Jun. 2023 is calculated as

	Receivables Turnover (Q: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2023 )	/ (	(Accounts Receivable (Q: Mar. 2023 )	+	Accounts Receivable (Q: Jun. 2023 ))	/	count )
=	0.58	/ (	(0.639	+	1.004)	/	2 )
=	0.58	/	0.8215
=	0.71

Brenmiller Energy (NAS:BNRG) 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.

Brenmiller Energy Receivables Turnover Related Terms

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