Ecoener (CHIX:ENERE) Receivables Turnover : 3.85 (As of Dec. 2023)

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What is Ecoener 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. Ecoener's Revenue for the six months ended in Dec. 2023 was €34.76 Mil. Ecoener's average Accounts Receivable for the six months ended in Dec. 2023 was €9.02 Mil. Hence, Ecoener's Receivables Turnover for the six months ended in Dec. 2023 was 3.85.

Ecoener Receivables Turnover Historical Data

The historical data trend for Ecoener'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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Ecoener Receivables Turnover Chart

Ecoener Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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5.70

5.57

6.05

8.77

6.84

Ecoener Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial					2.67	3.97	3.22	3.25	3.85

Competitive Comparison of Ecoener's Receivables Turnover

For the Utilities - Renewable subindustry, Ecoener'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.

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

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

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

Ecoener Receivables Turnover Calculation

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

Ecoener'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 )
=	64.01	/ (	(9.332	+	9.384)	/	2 )
=	64.01	/	9.358
=	6.84

Ecoener's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Jun. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	34.758	/ (	(8.654	+	9.384)	/	2 )
=	34.758	/	9.019
=	3.85

Ecoener (CHIX:ENERe) 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.

Ecoener Receivables Turnover Related Terms

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Ecoener (CHIX:ENERE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Ecoener SA (CHIX:ENERe) » Definitions » Receivables Turnover

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ENER:Spain 89W:Germany

Address

Canton Grande, no. 6, 6th., La Coruna, ESP, 15003

Website

https://www.ecoener.es

Ecoener SA is a renewable energy company that builds and operates hydroelectric plants, wind farms, and photovoltaic solar plants. It generates renewable energy to contribute to sustainable development. In addition, it is also engaged in the design, promotion, development, construction, management, maintenance, operation, closure, and dismantling of the relevant production facilities. The Group has five operating segments: i) operation of hydropower plants, ii) operation of wind farms, iii) operation of solar photovoltaic plants, iv) electricity commercialization, and v) provision of other services. The majority of the revenue is earned from the operation of the wind farms segment.

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