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Canoo (GOEV) Receivables Turnover : 1.13 (As of Sep. 2024)


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What is Canoo 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. Canoo's Revenue for the three months ended in Sep. 2024 was $0.89 Mil. Canoo's average Accounts Receivable for the three months ended in Sep. 2024 was $0.79 Mil. Hence, Canoo's Receivables Turnover for the three months ended in Sep. 2024 was 1.13.


Canoo Receivables Turnover Historical Data

The historical data trend for Canoo'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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Canoo Receivables Turnover Chart

Canoo Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
- - - - -

Canoo Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - - - 1.13

Competitive Comparison of Canoo's Receivables Turnover

For the Auto Manufacturers subindustry, Canoo'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.


Canoo's Receivables Turnover Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Canoo's Receivables Turnover distribution charts can be found below:

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



Canoo Receivables Turnover Calculation

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

Canoo'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 )
=0.886 / ((0 + 0) / 1 )
=0.886 / 0
=N/A

Canoo's Receivables Turnover for the quarter that ended in Sep. 2024 is calculated as

Receivables Turnover (Q: Sep. 2024 )
=Revenue / Average Total Inventories
=Revenue (Q: Sep. 2024 ) / ((Accounts Receivable (Q: Jun. 2024 ) + Accounts Receivable (Q: Sep. 2024 )) / count )
=0.891 / ((0 + 0.786) / 1 )
=0.891 / 0.786
=1.13

* 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.


Canoo  (OTCPK:GOEV) 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.


Canoo Receivables Turnover Related Terms

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Canoo Business Description

Traded in Other Exchanges
N/A
Address
19951 Mariner Avenue, Torrance, CA, USA, 90503
Canoo Inc is a mobility technology company providing with a proprietary modular electric vehicle platform and connected services initially focused on commercial fleet, government and military customers. The Company has developed a breakthrough EV platform that it believes will enable it to rapidly iterate and bring new products, addressing multiple use cases, to market faster than competition and at lower cost.
Executives
Ramesh Murthy officer: SVP, CAO and ICFO 19951 MARINER AVENUE, TORRANCE CA 90503
Hector M. Ruiz officer: General Counsel, Corp Secy C/O CANOO INC., 19951 MARINER AVENUE, TORRANCE CA 90503
Greg Ethridge director 585 WEED STREET, NEW CANAAN CT 06840
Josette Sheeran director C/O CANOO INC., 19951 MARINER AVE., TORRANCE CA 90503
Kenneth Manget officer: Chief Financial Officer C/O NORTHERN GENESIS ACQUISITION CORP., 4801 MAIN STREET, SUITE 1000, KANSAS CITY MO 64112
Tony Aquila director, 10 percent owner, officer: Executive Chairman and CEO 2126 HAMILTON ROAD, SUITE 260, ARGYLE TX 76226
Dd Global Holdings Ltd 10 percent owner WAN CHAI DISTRICT, NO. 6-8 HARBOUR RD., SHUI ON CENTRE, SUITE 1204-1207, HONG KONG K3 00000
De Capital Ltd 10 percent owner RM 1204-07 SHUI ON CENTRE, NO.6-8 HARBOUR RD, WAN CHAI, HONG KONG K3 00000
Pak Tam Li 10 percent owner RM 1204-07 SHUI ON CENTRE, NO.6-8 HARBOUR RD, WAN CHAI, HONG KONG K3 00000
Champ Key Ltd 10 percent owner WAN CHAI DISTRICT, NO. 6-8 HARBOUR RD., SHUI ON CENTRE, SUITE 1204-1207, HONG KONG K3 00000
Victor Chu 10 percent owner C/O REMARKABLE VIEWS CONSULTANTS LTD., 4F, NO. 13-19, SEC. 6, MINQUAN E. ROAD, TAIPEI F5 114
Remarkable Views Consultants Ltd. 10 percent owner 4F, NO. 13-19, SEC. 6, MINQUAN E. ROAD, NEIHU DIST., TAIPEI F5 114
Thomas A Dattilo director COOPER TIRE & RUBBER COMPANY, 701 LIMA AVENUE, FINDLAY OH 45840
Renato Giger officer: SVP and Interim CFO C/O CANOO INC., 19951 MARINER AVENUE, TORRANCE CA 90503
Edelman Claudia Romo director C/O CANOO INC., 19951 MARINER AVENUE, TORRANCE CA 90503