Tidewater Renewables (FRA:7GZ) Receivables Turnover : 10.12 (As of Mar. 2024)

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What is Tidewater Renewables 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. Tidewater Renewables's Revenue for the three months ended in Mar. 2024 was €75.6 Mil. Tidewater Renewables's average Accounts Receivable for the three months ended in Mar. 2024 was €7.5 Mil. Hence, Tidewater Renewables's Receivables Turnover for the three months ended in Mar. 2024 was 10.12.

Tidewater Renewables Receivables Turnover Historical Data

The historical data trend for Tidewater Renewables'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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Tidewater Renewables Receivables Turnover Chart

Tidewater Renewables Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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13.78

11.60

13.97

17.79

Tidewater Renewables Quarterly Data
	Dec18	Dec19	Mar20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial												4.07	2.12	2.22	3.61	10.12

Competitive Comparison of Tidewater Renewables's Receivables Turnover

For the Utilities - Renewable subindustry, Tidewater Renewables'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.

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

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

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

Tidewater Renewables Receivables Turnover Calculation

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

Tidewater Renewables'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 )
=	66.765	/ (	(2.714	+	4.792)	/	2 )
=	66.765	/	3.753
=	17.79

Tidewater Renewables'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 )
=	75.606	/ (	(4.792	+	10.151)	/	2 )
=	75.606	/	7.4715
=	10.12

Tidewater Renewables (FRA:7GZ) 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.

Tidewater Renewables Receivables Turnover Related Terms

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Tidewater Renewables (FRA:7GZ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Tidewater Renewables Ltd (FRA:7GZ) » Definitions » Receivables Turnover

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TDWRF:USA LCFS:Canada

Address

222 - 3rd Avenue SW, Suite 900, Calgary, AB, CAN, T2P 0B4

Website

https://www.tidewatermidstream.com

Tidewater Renewables Ltd has been formed to become a multi-faceted, energy transition company. It is focused on the production of low-carbon fuels, including renewable diesel, renewable hydrogen, and renewable natural gas, as well as carbon capture. The corporation generates revenue from the sale of renewable products. The renewable energy operating segment includes the following revenue categories: renewable fuels and renewable natural gas.

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