Enovix (FRA:6Q81) Receivables Turnover : 4.00 (As of Mar. 2024)

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What is Enovix 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. Enovix's Revenue for the three months ended in Mar. 2024 was €4.85 Mil. Enovix's average Accounts Receivable for the three months ended in Mar. 2024 was €1.21 Mil. Hence, Enovix's Receivables Turnover for the three months ended in Mar. 2024 was 4.00.

Enovix Receivables Turnover Historical Data

The historical data trend for Enovix'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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Enovix Receivables Turnover Chart

Enovix Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

36.59

14.10

Enovix Quarterly Data
	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial										0.22	1.32	9.35	16.21	4.00

Competitive Comparison of Enovix's Receivables Turnover

For the Electrical Equipment & Parts subindustry, Enovix'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.

Enovix's Receivables Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Enovix's Receivables Turnover distribution charts can be found below:

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

Enovix Receivables Turnover Calculation

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

Enovix'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 )
=	7.01	/ (	(0.16	+	0.834)	/	2 )
=	7.01	/	0.497
=	14.10

Enovix's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	4.85	/ (	(0.834	+	1.59)	/	2 )
=	4.85	/	1.212
=	4.00

Enovix (FRA:6Q81) 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.

Enovix Receivables Turnover Related Terms

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Enovix (FRA:6Q81) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Enovix Corp (FRA:6Q81) » Definitions » Receivables Turnover

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Traded in Other Exchanges

ENVX:USA

Address

3501 W. Warren Avenue, Fremont, CA, USA, 94538

Website

https://www.enovix.com

Enovix Corp is engaged in the business of advanced silicon-anode lithium-ion battery development and production. It is also developing its 3D cell technology and production process for the electric vehicle and energy storage markets to help enable the widespread utilization of renewable energy.

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