Evergreen Sustainable Enterprises (Evergreen Sustainable Enterprises) Receivables Turnover : 1.72 (As of Dec. 2022)

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What is Evergreen Sustainable Enterprises 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. Evergreen Sustainable Enterprises's Revenue for the three months ended in Dec. 2022 was $0.97 Mil. Evergreen Sustainable Enterprises's average Accounts Receivable for the three months ended in Dec. 2022 was $0.56 Mil. Hence, Evergreen Sustainable Enterprises's Receivables Turnover for the three months ended in Dec. 2022 was 1.72.

Evergreen Sustainable Enterprises Receivables Turnover Historical Data

The historical data trend for Evergreen Sustainable Enterprises'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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Evergreen Sustainable Enterprises Receivables Turnover Chart

Evergreen Sustainable Enterprises Annual Data

Trend

Dec13

Dec14

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Dec18

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Dec22

Receivables Turnover

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5.51

Evergreen Sustainable Enterprises Quarterly Data
	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22
Receivables Turnover	Get a 7-Day Free Trial															0.62	-	3.89	3.35	1.72

Competitive Comparison of Evergreen Sustainable Enterprises's Receivables Turnover

For the Drug Manufacturers - Specialty & Generic subindustry, Evergreen Sustainable Enterprises'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.

Evergreen Sustainable Enterprises's Receivables Turnover Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Evergreen Sustainable Enterprises's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Evergreen Sustainable Enterprises's Receivables Turnover falls into.

Evergreen Sustainable Enterprises Receivables Turnover Calculation

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

Evergreen Sustainable Enterprises's Receivables Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Receivables Turnover (A: Dec. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2022 )	/ (	(Accounts Receivable (A: Dec. 2021 )	+	Accounts Receivable (A: Dec. 2022 ))	/	count )
=	2.596	/ (	(0	+	0.471)	/	1 )
=	2.596	/	0.471
=	5.51

Evergreen Sustainable Enterprises's Receivables Turnover for the quarter that ended in Dec. 2022 is calculated as

	Receivables Turnover (Q: Dec. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2022 )	/ (	(Accounts Receivable (Q: Sep. 2022 )	+	Accounts Receivable (Q: Dec. 2022 ))	/	count )
=	0.969	/ (	(0.656	+	0.471)	/	2 )
=	0.969	/	0.5635
=	1.72

Evergreen Sustainable Enterprises (OTCPK:EGSE) 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.

Evergreen Sustainable Enterprises Receivables Turnover Related Terms

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Evergreen Sustainable Enterprises (Evergreen Sustainable Enterprises) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Evergreen Sustainable Enterprises Inc (OTCPK:EGSE) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

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Address

8533 Midway Road, Dallas, TX, USA, 75209

Website

https://www.egsustainable.com

Evergreen Sustainable Enterprises Inc is a sustainable green energy company with a vision of developing sustainable and innovative solutions within the industry. It operates in both the Bitcoin mining industry and the hemp industry.

Executives

Satellite Overseas (holdings) Ltd	10 percent owner	SARKHEJ-DHOLKA ROAD, BHAT, AHMEDABAD K7 382 210
Wiegand Corey H	director, 10 percent owner, officer: CEO	3412 WEST 62ND AVENUE, DENVER CO 80221
Bristlecone Associates Llc	10 percent owner	3412 WEST 62ND AVENUE, DENVER CO 80221