GE Vernova (BSP:G2EV34) Receivables Turnover : 1.64 (As of Sep. 2024)

View and export this data going back to 2024. Start your Free Trial

What is GE Vernova 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. GE Vernova's Revenue for the three months ended in Sep. 2024 was R$49,358 Mil. GE Vernova's average Accounts Receivable for the three months ended in Sep. 2024 was R$30,038 Mil. Hence, GE Vernova's Receivables Turnover for the three months ended in Sep. 2024 was 1.64.

GE Vernova Receivables Turnover Historical Data

The historical data trend for GE Vernova'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.

* Premium members only.

GE Vernova Receivables Turnover Chart

GE Vernova Annual Data

Trend

Dec21

Dec22

Dec23

Receivables Turnover

4.56

4.60

GE Vernova Quarterly Data
	Dec21	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Receivables Turnover	Get a 7-Day Free Trial				-	1.34	1.12	1.61	1.64

Competitive Comparison of GE Vernova's Receivables Turnover

For the Utilities - Renewable subindustry, GE Vernova'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.

GE Vernova's Receivables Turnover Distribution in the Utilities - Independent Power Producers Industry

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

* The bar in red indicates where GE Vernova's Receivables Turnover falls into.

GE Vernova Receivables Turnover Calculation

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

GE Vernova'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 )
=	162864.452	/ (	(34095.1	+	36675.003)	/	2 )
=	162864.452	/	35385.0515
=	4.60

GE Vernova's Receivables Turnover for the quarter that ended in Sep. 2024 is calculated as

	Receivables Turnover (Q: Sep. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2024 )	/ (	(Accounts Receivable (Q: Jun. 2024 )	+	Accounts Receivable (Q: Sep. 2024 ))	/	count )
=	49358.411	/ (	(27043.608	+	33032.977)	/	2 )
=	49358.411	/	30038.2925
=	1.64

GE Vernova (BSP:G2EV34) 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.

GE Vernova Receivables Turnover Related Terms

Thank you for viewing the detailed overview of GE Vernova's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

GE Vernova Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » GE Vernova Inc (BSP:G2EV34) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

GEV:USA GEV:Mexico Y5C:Germany

Address

58 Charles Street, Cambridge, MA, USA

Website

https://www.gevernova.com

GE Vernova is a global leader in the electric power industry, with products and services that generate, transfer, convert, and store electricity. The company has three business segments: power, wind, and electrification. Power includes gas, nuclear, hydroelectric, and steam technologies, providing dispatchable power. The wind segment includes wind generation technologies, inclusive of onshore and offshore wind turbines and blades. Electrification includes grid solutions, power conversion, electrification software, and solar and storage solutions technologies required for the transmission, distribution, conversion, and storage of electricity from the point of generation to point of consumption.

GE Vernova Headlines

No Headlines