Proton Motor Power Systems (LSE:PPS) Receivables Turnover : 1.28 (As of Jun. 2023)

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What is Proton Motor Power 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. Proton Motor Power Systems's Revenue for the six months ended in Jun. 2023 was £0.93 Mil. Proton Motor Power Systems's average Accounts Receivable for the six months ended in Jun. 2023 was £0.73 Mil. Hence, Proton Motor Power Systems's Receivables Turnover for the six months ended in Jun. 2023 was 1.28.

Proton Motor Power Systems Receivables Turnover Historical Data

The historical data trend for Proton Motor Power 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.

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Proton Motor Power Systems Receivables Turnover Chart

Proton Motor Power Systems Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Receivables Turnover

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6.13

8.79

17.77

5.59

3.45

Proton Motor Power Systems Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Receivables Turnover	Get a 7-Day Free Trial															2.10	2.45	0.95	1.35	1.28

Competitive Comparison of Proton Motor Power Systems's Receivables Turnover

For the Electrical Equipment & Parts subindustry, Proton Motor Power 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.

Proton Motor Power Systems's Receivables Turnover Distribution in the Industrial Products Industry

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

* The bar in red indicates where Proton Motor Power Systems's Receivables Turnover falls into.

Proton Motor Power Systems Receivables Turnover Calculation

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

Proton Motor Power Systems's Receivables Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Receivables Turnover (A: Dec. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2022 )	/ (	(Accounts Receivable (A: Dec. 2021 )	+	Accounts Receivable (A: Dec. 2022 ))	/	count )
=	2.088	/ (	(0.811	+	0.401)	/	2 )
=	2.088	/	0.606
=	3.45

Proton Motor Power Systems's Receivables Turnover for the quarter that ended in Jun. 2023 is calculated as

	Receivables Turnover (Q: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2023 )	/ (	(Accounts Receivable (Q: Dec. 2022 )	+	Accounts Receivable (Q: Jun. 2023 ))	/	count )
=	0.929	/ (	(0.401	+	1.052)	/	2 )
=	0.929	/	0.7265
=	1.28

Proton Motor Power Systems (LSE:PPS) 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.

Proton Motor Power Systems Receivables Turnover Related Terms

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Proton Motor Power Systems (LSE:PPS) Business Description

Industry

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P6K0:Germany

Address

C/o Womble Bond Dickinson (UK) LLP, 4 More London Riverside, London, GBR, SE1 2AU

Website

https://www.proton-motor.de

Proton Motor Power Systems PLC and its subsidiaries are manufacturers of hydrogen fuel cells and fuel cell systems for mobile, maritime and stationary applications. It offers OEM fuel cell systems products, power supplies, and solar battery storage products. The company is organized into only the principal operating division, Green Energy. Its primary geographic markets are Germany, Europe, and the rest of the world of which Europe generates the majority of its revenue.