EDP Renovaveis (FRA:EDW) Receivables Turnover : 1.23 (As of Dec. 2023)

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What is EDP Renovaveis 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. EDP Renovaveis's Revenue for the three months ended in Dec. 2023 was €593 Mil. EDP Renovaveis's average Accounts Receivable for the three months ended in Dec. 2023 was €483 Mil. Hence, EDP Renovaveis's Receivables Turnover for the three months ended in Dec. 2023 was 1.23.

EDP Renovaveis Receivables Turnover Historical Data

The historical data trend for EDP Renovaveis'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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EDP Renovaveis Receivables Turnover Chart

EDP Renovaveis Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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7.13

7.72

5.80

5.88

5.87

EDP Renovaveis Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															1.53	1.27	0.94	0.83	1.23

Competitive Comparison of EDP Renovaveis's Receivables Turnover

For the Utilities - Renewable subindustry, EDP Renovaveis'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.

EDP Renovaveis's Receivables Turnover Distribution in the Utilities - Independent Power Producers Industry

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

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

EDP Renovaveis Receivables Turnover Calculation

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

EDP Renovaveis'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 )
=	2247.307	/ (	(415.056	+	350.854)	/	2 )
=	2247.307	/	382.955
=	5.87

EDP Renovaveis's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Sep. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	593.307	/ (	(616	+	350.854)	/	2 )
=	593.307	/	483.427
=	1.23

EDP Renovaveis (FRA:EDW) 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.

EDP Renovaveis Receivables Turnover Related Terms

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EDP Renovaveis (FRA:EDW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » EDP Renovaveis SA (FRA:EDW) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

EDRVF:USA EDPR:Portugal EDPRu:UK 0ML1:UK

Address

Calle Serrano Galvache, 56, Centro Empresarial Parque Norte, 7th Floor, Edificio Olmo, Madrid, ESP, 28033

Website

http://www.edpr.com

EDP Renovaveis, a 71%-owned subsidiary of integrated Portuguese utility EDP, was created in 2007. It builds, develops, and operates renewables plants, mostly wind and solar. With 14.7 GW of net installed capacity at the end of 2022, EDP Renovaveis is the fourth-largest renewables player in the world and the third-largest in the U.S. and Europe. The group's plants are mainly located in the U.S., Spain, Portugal, Poland, and Brazil.

EDP Renovaveis (FRA:EDW) Headlines

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