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. Correlate Energy's Revenue for the
three
months ended in Sep. 2024 was $4.54 Mil. Correlate Energy's average Accounts Receivable for the
three
months ended in Sep. 2024 was $0.13 Mil.
Hence, Correlate Energy's Receivables Turnover for the
three
months ended in Sep. 2024 was 35.06.
Correlate Energy (OTCPK:CIPI) 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.
Correlate Energy Receivables Turnover Related Terms
Correlate Energy Receivables Turnover Historical Data
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The historical data trend for Correlate 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.
CIPI vs WLGSF, PWR, EME: Receivables Turnover Comparison
For the Engineering & Construction subindustry, Correlate 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.
Correlate Energy Receivables Turnover vs Construction Industry
For the Construction industry and Industrials sector, Correlate Energy's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Correlate Energy'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.
Correlate Energy (CIPI) has a Receivables Turnover of 35.06 as of Sep. 2024. 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 Correlate Energy and its competitors.
Is Correlate Energy's Receivables Turnover too high?
Correlate Energy's current Receivables Turnover is 35.06. The Construction industry median Receivables Turnover is 4.76. Correlate Energy's value of 35.06 is 637.3% above this industry median. Overall, Correlate Energy has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Correlate Energy's Receivables Turnover compare to WLGSF and PWR?
Correlate Energy's Receivables Turnover of 35.06 can be compared against companies in the Construction industry. The industry median Receivables Turnover is 4.76. Correlate Energy's value of 35.06 is 637.3% above 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 a Construction company?
The median Receivables Turnover among Construction companies is 4.76, based on 1,758 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. Correlate Energy's current Receivables Turnover of 35.06 is 637.3% above 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 Correlate Energy and its competitors. For the Construction industry, the median Receivables Turnover is 4.76 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Correlate Energy's current Receivables Turnover is 35.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Correlate Energy stock overvalued right now?
Correlate Energy (CIPI) has a current Receivables Turnover of 35.06. The current Receivables Turnover is 35.06 and 637.3% above the Construction industry median of 4.76. Correlate Energy's overall GF Score™ is 12/100. 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 Correlate Energy (CIPI), the current Receivables Turnover is 35.06 as of Sep. 2024. 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.
Correlate Energy Corp together with its subsidiaries, is a technology-enabled clean energy optimization provider that offers a complete suite of proprietary clean energy assessment and deployment solutions for commercial and industrial (C&I) building and property owners in North America. The company generates revenue from its in-house and end-to-end development and fulfillment resources for engineering, procurement, and construction services (EPC) and consulting services. Under contracts for EPC services, it provides engineering services, obtains materials, and installs materials to agreed-upon specifications. Through its consulting services, the company assists its clients in achieving certain defined project milestones.
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