CLEEN Energy AG (FRA:ET10) Receivables Turnover : 7.14 (As of Jun. 2024)

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What is CLEEN Energy AG 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. CLEEN Energy AG's Revenue for the six months ended in Jun. 2024 was €4.41 Mil. CLEEN Energy AG's average Accounts Receivable for the six months ended in Jun. 2024 was €0.62 Mil. Hence, CLEEN Energy AG's Receivables Turnover for the six months ended in Jun. 2024 was 7.14.

CLEEN Energy AG Receivables Turnover Historical Data

The historical data trend for CLEEN Energy AG'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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CLEEN Energy AG Receivables Turnover Chart

CLEEN Energy AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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4.94

5.68

3.35

7.47

7.46

CLEEN Energy AG Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Receivables Turnover	Get a 7-Day Free Trial															1.88	4.96	4.19	8.20	7.14

Competitive Comparison of CLEEN Energy AG's Receivables Turnover

For the Electrical Equipment & Parts subindustry, CLEEN Energy AG'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.

CLEEN Energy AG's Receivables Turnover Distribution in the Industrial Products Industry

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

* The bar in red indicates where CLEEN Energy AG's Receivables Turnover falls into.

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CLEEN Energy AG Receivables Turnover Calculation

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

CLEEN Energy AG'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 )
=	11.553	/ (	(2.3	+	0.798)	/	2 )
=	11.553	/	1.549
=	7.46

CLEEN Energy AG's Receivables Turnover for the quarter that ended in Jun. 2024 is calculated as

	Receivables Turnover (Q: Jun. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Jun. 2024 ))	/	count )
=	4.405	/ (	(0.798	+	0.436)	/	2 )
=	4.405	/	0.617
=	7.14

CLEEN Energy AG (FRA:ET10) 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.

CLEEN Energy AG Receivables Turnover Related Terms

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CLEEN Energy AG Business Description

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ET10:Germany CLEN:Austria

Address

Hollriglstrasse 8a, Haag, AUT, 3350

Website

https://www.cleen-energy.com

CLEEN Energy AG is a full-service provider of sustainable and climate-friendly solutions in the areas of renewable energy generation and energy efficiency. The company caters predominantly to small and medium-sized businesses, acting as a B2B enabler of the energy transition. It specializes in the planning and development of customized photovoltaic systems and assumes overall responsibility for its projects from conception to implementation. The various services and products offered by the company include photovoltaic solutions, including rooftop, open-space, and agricultural photovoltaic systems as well as photovoltaic carports. It also offers storage solutions and charging infrastructure for electric vehicles to support the integration of e-mobility into customer's energy supplies.

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