GWH.WS (ESS Tech) Receivables Turnover : 9.08 (As of Dec. 2024)

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What is ESS Tech 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. ESS Tech's Revenue for the three months ended in Dec. 2024 was $2.85 Mil. ESS Tech's average Accounts Receivable for the three months ended in Dec. 2024 was $0.31 Mil. Hence, ESS Tech's Receivables Turnover for the three months ended in Dec. 2024 was 9.08.

ESS Tech Receivables Turnover Historical Data

The historical data trend for ESS Tech'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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ESS Tech Receivables Turnover Chart

ESS Tech Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Dec24

Receivables Turnover

0.33

2.17

5.71

ESS Tech Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Receivables Turnover	Get a 7-Day Free Trial												1.72	1.81	0.34	0.52	9.08

Competitive Comparison of ESS Tech's Receivables Turnover

For the Electrical Equipment & Parts subindustry, ESS Tech'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.

ESS Tech's Receivables Turnover Distribution in the Industrial Products Industry

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

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

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ESS Tech Receivables Turnover Calculation

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

ESS Tech's Receivables Turnover for the fiscal year that ended in Dec. 2024 is calculated as

	Receivables Turnover (A: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2024 )	/ (	(Accounts Receivable (A: Dec. 2023 )	+	Accounts Receivable (A: Dec. 2024 ))	/	count )
=	6.295	/ (	(1.99	+	0.215)	/	2 )
=	6.295	/	1.1025
=	5.71

ESS Tech's Receivables Turnover for the quarter that ended in Dec. 2024 is calculated as

	Receivables Turnover (Q: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2024 )	/ (	(Accounts Receivable (Q: Sep. 2024 )	+	Accounts Receivable (Q: Dec. 2024 ))	/	count )
=	2.85	/ (	(0.413	+	0.215)	/	2 )
=	2.85	/	0.314
=	9.08

ESS Tech (NYSE:GWH.WS) 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.

ESS Tech Receivables Turnover Related Terms

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ESS Tech Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » ESS Tech Inc (NYSE:GWH.WS) » Definitions » Receivables Turnover

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GWH:USA

Address

26440 SW Parkway Avenue, Building 83, Wilsonville, OR, USA, 97070

Website

https://www.essinc.com

ESS Tech Inc is a long-duration energy storage company specializing in iron flow battery technology. The company design and produce long-duration batteries predominantly using earth-abundant materials.