Invinity Energy Systems (LSE:IES) Receivables Turnover : 0.81 (As of Jun. 2024)

View and export this data going back to 2020. Start your Free Trial

What is Invinity Energy Systems 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. Invinity Energy Systems's Revenue for the six months ended in Jun. 2024 was £1.64 Mil. Invinity Energy Systems's average Accounts Receivable for the six months ended in Jun. 2024 was £2.01 Mil. Hence, Invinity Energy Systems's Receivables Turnover for the six months ended in Jun. 2024 was 0.81.

Invinity Energy Systems Receivables Turnover Historical Data

The historical data trend for Invinity Energy Systems'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.

* Premium members only.

Invinity Energy Systems Receivables Turnover Chart

Invinity Energy Systems Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

Get a 7-Day Free Trial

1.06

8.55

3.71

1.72

10.40

Invinity Energy Systems Semi-Annual Data
	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Receivables Turnover	Get a 7-Day Free Trial							0.83	0.88	5.03	2.16	0.81

Competitive Comparison of Invinity Energy Systems's Receivables Turnover

For the Electrical Equipment & Parts subindustry, Invinity Energy Systems'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.

Invinity Energy Systems's Receivables Turnover Distribution in the Industrial Products Industry

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

* The bar in red indicates where Invinity Energy Systems's Receivables Turnover falls into.

Save Embed

;

Save Embed

;

Invinity Energy Systems Receivables Turnover Calculation

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

Invinity Energy Systems'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 )
=	22.006	/ (	(1.737	+	2.496)	/	2 )
=	22.006	/	2.1165
=	10.40

Invinity Energy Systems'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 )
=	1.637	/ (	(2.496	+	1.53)	/	2 )
=	1.637	/	2.013
=	0.81

Invinity Energy Systems (LSE:IES) 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.

Invinity Energy Systems Receivables Turnover Related Terms

Thank you for viewing the detailed overview of Invinity Energy Systems's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Invinity Energy Systems Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Invinity Energy Systems PLC (LSE:IES) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

IESVF:USA IES:UK A10:Germany

Address

Castle Street, 3rd Floor, IFC5, St. Helier, JEY, JE2 3BY

Website

https://www.invinity.com

Invinity Energy Systems PLC operates in the manufacturing of vanadium flow battery systems and their related installation and other services. Its vanadium flow batteries are a form of heavy-duty, stationary energy storage, used in high-utilization applications such as being coupled with industrial-scale solar generation for distributed, low-carbon energy projects. The company's flow battery systems are ideal for commercial and industrial sites, grid network infrastructure projects, and off-grid applications, either standalone or alongside renewable energy such as solar PV. It generates the majority of its revenue from the sale of Battery systems and associated control systems. Its geographical segments are the United Kingdom, Asia, the United States, and Others.

Invinity Energy Systems Headlines

No Headlines