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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. Vestas Wind Systems AS's Revenue for the
three
months ended in Mar. 2026 was kr29,643 Mil. Vestas Wind Systems AS's average Accounts Receivable for the
three
months ended in Mar. 2026 was kr11,122 Mil.
Hence, Vestas Wind Systems AS's Receivables Turnover for the
three
months ended in Mar. 2026 was 2.67.
Vestas Wind Systems AS (CHIX:VWSc) 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.
Vestas Wind Systems AS Receivables Turnover Related Terms
Vestas Wind Systems AS Receivables Turnover Historical Data
* Premium members only.
The historical data trend for Vestas Wind Systems AS'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.
CHIX:VWSC vs GEV, ETN, PH: Receivables Turnover Comparison
For the Specialty Industrial Machinery subindustry, Vestas Wind Systems AS'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.
Vestas Wind Systems AS Receivables Turnover vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Vestas Wind Systems AS's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Vestas Wind Systems AS's Receivables Turnover falls into.
* 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.
Vestas Wind Systems AS (CHIX:VWSC) has a Receivables Turnover of 2.67 as of Mar. 2026. The accounts 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. View historical data on Vestas Wind Systems AS and its competitors. According to the industry distribution chart, Vestas Wind Systems AS ranks #138 out of 3028 companies in the Industrial Products industry, placing it in the top 4.6%.
Is Vestas Wind Systems AS's Receivables Turnover too high?
Vestas Wind Systems AS's current Receivables Turnover is 2.67. The Industrial Products industry median Receivables Turnover is 4.45. Vestas Wind Systems AS's value of 2.67 is 40% below this industry median. Based on the distribution chart, Vestas Wind Systems AS ranks #138 out of 3028 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Vestas Wind Systems AS has a GF Score™ of 81/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Vestas Wind Systems AS's Receivables Turnover compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Vestas Wind Systems AS ranks #138 out of 3028 companies for Receivables Turnover. This places Vestas Wind Systems AS in the top 5% of its industry — outperforming the majority of peers. The industry median Receivables Turnover is 4.45. Vestas Wind Systems AS's value of 2.67 is 40% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Receivables Turnover for an Industrial Products company?
The median Receivables Turnover among Industrial Products companies is 4.45, based on 3,028 companies in the industry. Companies in the top quartile (top 25%) have a Receivables Turnover significantly above this median, while those in the bottom quartile fall well below. However, Receivables Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Vestas Wind Systems AS's current Receivables Turnover of 2.67 is 40% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Receivables Turnover mean?
A high Receivables Turnover can signal that a stock is expensive relative to its fundamentals. The accounts 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. View historical data on Vestas Wind Systems AS and its competitors. For the Industrial Products industry, the median Receivables Turnover is 4.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Vestas Wind Systems AS's current Receivables Turnover is 2.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vestas Wind Systems AS stock overvalued right now?
Based on GuruFocus' analysis, Vestas Wind Systems AS (CHIX:VWSC) is currently considered Modestly Undervalued. The stock's GF Value™ is kr196.11, compared to a current price of kr173.83 — trading 11.4% below its estimated fair value. The current Receivables Turnover is 2.67 and 40% below the Industrial Products industry median of 4.45. Vestas Wind Systems AS's overall GF Score™ is 81/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Receivables Turnover calculated?
Receivables Turnover is calculated from a company's financial statements. For Vestas Wind Systems AS (CHIX:VWSC), the current Receivables Turnover is 2.67 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Vestas Wind Systems AS (CHIX:VWSC) Overvalued in 2026?
Based on GuruFocus' analysis, Vestas Wind Systems AS stock appears to be undervalued.
The current stock price of kr173.83 is trading 11.4% below its estimated GF Value™ of kr196.11.
GuruFocus considers Vestas Wind Systems AS to be Modestly Undervalued.
Key valuation signals for CHIX:VWSC:
Receivables Turnover: 2.67
GF Value™: kr196.11 vs. price of kr173.83 (11.4% below fair value)
Industry Position: 40% below the Industrial Products median (#138 of 3028)
No single metric tells the full story. See the CHIX:VWSC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Vestas is a leading manufacturer of wind turbines with the highest installed capacity under service in the world. The firm operates two business segments: power solutions and services. The power solutions segment designs, manufactures, and installs onshore and offshore wind turbines. The services segment performs operating and maintenance service work on wind turbines.
81GF Score
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