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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. Workhorse Group's Revenue for the
three
months ended in Mar. 2026 was MXN78.1 Mil. Workhorse Group's average Accounts Receivable for the
three
months ended in Mar. 2026 was MXN65.9 Mil.
Hence, Workhorse Group's Receivables Turnover for the
three
months ended in Mar. 2026 was 1.19.
Workhorse Group (MEX:WKHS) 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.
Workhorse Group Receivables Turnover Related Terms
Workhorse Group Receivables Turnover Historical Data
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The historical data trend for Workhorse Group'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.
MEX:WKHS vs DCX, EVTV, FABC: Receivables Turnover Comparison
For the Auto Manufacturers subindustry, Workhorse Group'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.
Workhorse Group Receivables Turnover vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Workhorse Group's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Workhorse Group's Receivables Turnover falls into.
* 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.
Workhorse Group (MEX:WKHS) has a Receivables Turnover of 1.19 as of Mar. 2026. The accounts 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. View historical data on Workhorse Group and its competitors. According to the industry distribution chart, Workhorse Group ranks #253 out of 1315 companies in the Vehicles & Parts industry, placing it in the top 19.2%.
Is Workhorse Group's Receivables Turnover too high?
Workhorse Group's current Receivables Turnover is 1.19. The Vehicles & Parts industry median Receivables Turnover is 5.99. Workhorse Group's value of 1.19 is 80.1% below this industry median. Based on the distribution chart, Workhorse Group ranks #253 out of 1315 companies in the Vehicles & Parts industry, which is in the top quartile — a strong position relative to peers. Overall, Workhorse Group has a GF Score™ of 33/100, reflecting its overall financial health beyond just this single metric.
How does Workhorse Group's Receivables Turnover compare to DCX and EVTV?
According to the Vehicles & Parts industry distribution chart, Workhorse Group ranks #253 out of 1315 companies for Receivables Turnover. This places Workhorse Group in the top 19% of its industry — outperforming the majority of peers. The industry median Receivables Turnover is 5.99. Workhorse Group's value of 1.19 is 80.1% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Receivables Turnover for a Vehicles & Parts company?
The median Receivables Turnover among Vehicles & Parts companies is 5.99, based on 1,315 companies in the industry. Companies in the top quartile (top 25%) have a Receivables Turnover significantly above this median, while those in the bottom quartile fall well below. However, Receivables Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Workhorse Group's current Receivables Turnover of 1.19 is 80.1% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Receivables Turnover mean?
A high Receivables Turnover can signal that a stock is expensive relative to its fundamentals. The accounts 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. View historical data on Workhorse Group and its competitors. For the Vehicles & Parts industry, the median Receivables Turnover is 5.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Workhorse Group's current Receivables Turnover is 1.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Workhorse Group stock overvalued right now?
Workhorse Group (MEX:WKHS) has a current Receivables Turnover of 1.19. The stock's GF Value™ is MXN204.70, compared to a current price of MXN44.70 — trading 78.2% below its estimated fair value. The current Receivables Turnover is 1.19 and 80.1% below the Vehicles & Parts industry median of 5.99. Workhorse Group's overall GF Score™ is 33/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Receivables Turnover calculated?
Receivables Turnover is calculated from a company's financial statements. For Workhorse Group (MEX:WKHS), the current Receivables Turnover is 1.19 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Workhorse Group (MEX:WKHS) Overvalued in 2026?
Based on GuruFocus' analysis, Workhorse Group stock appears to be undervalued.
The current stock price of MXN44.70 is trading 78.2% below its estimated GF Value™ of MXN204.70.
Key valuation signals for MEX:WKHS:
Receivables Turnover: 1.19
GF Value™: MXN204.70 vs. price of MXN44.70 (78.2% below fair value)
Industry Position: 80.1% below the Vehicles & Parts median (#253 of 1315)
No single metric tells the full story. See the MEX:WKHS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Workhorse Group Inc is a technology company with a vision to pioneer the transition to zero-emission commercial vehicles. Its focus is to provide sustainable and cost-effective solutions to the commercial transportation sector. It designs and manufactures all-electric vehicles, including the technology that optimizes the way these vehicles operate. It's focused on a core competency of bringing electric delivery vehicle platforms to serve the last-mile delivery market. Its products are marketed under the Workhorse brand.
33GF Score
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