NeoVolta (NeoVolta) Receivables Turnover : 0.14 (As of Mar. 2024)

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What is NeoVolta 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. NeoVolta's Revenue for the three months ended in Mar. 2024 was $0.28 Mil. NeoVolta's average Accounts Receivable for the three months ended in Mar. 2024 was $2.04 Mil. Hence, NeoVolta's Receivables Turnover for the three months ended in Mar. 2024 was 0.14.

NeoVolta Receivables Turnover Historical Data

The historical data trend for NeoVolta'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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NeoVolta Receivables Turnover Chart

NeoVolta Annual Data

Trend

Jun21

Jun22

Jun23

Receivables Turnover

4.28

3.66

2.20

NeoVolta Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial							0.35	0.41	0.39	0.48	0.14

Competitive Comparison of NeoVolta's Receivables Turnover

For the Electrical Equipment & Parts subindustry, NeoVolta'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.

NeoVolta's Receivables Turnover Distribution in the Industrial Products Industry

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

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

NeoVolta Receivables Turnover Calculation

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

NeoVolta's Receivables Turnover for the fiscal year that ended in Jun. 2023 is calculated as

	Receivables Turnover (A: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jun. 2023 )	/ (	(Accounts Receivable (A: Jun. 2022 )	+	Accounts Receivable (A: Jun. 2023 ))	/	count )
=	3.456	/ (	(1.318	+	1.826)	/	2 )
=	3.456	/	1.572
=	2.20

NeoVolta's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	0.284	/ (	(2.186	+	1.887)	/	2 )
=	0.284	/	2.0365
=	0.14

NeoVolta (NAS:NEOV) 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.

NeoVolta Receivables Turnover Related Terms

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NeoVolta (NeoVolta) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » NeoVolta Inc (NAS:NEOV) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

13651 Danielson Street, Suite A, Poway, CA, USA, 92064

Website

https://www.neovolta.com

NeoVolta Inc is engaged in designing, manufacturing and sale of high end Energy Storage System which can store and use solar energy via batteries and an inverter at a residential site. Its market place includes solar industry, installers, new construction homebuilders, home remodelers, and homeowners.

Executives

Steve Bond	director, officer: Chief Financial Officer	28839 PUJOL ST., #832, TEMECULA CA 92590
Brent Willson	director	5271 CAMINITO EXQUISITO, SAN DIEGO CA 92130
Susan H Snow	director	26 SEDGE FERN DRIVE, HILTON HEAD SC 29926
John A Hass	director	C/O NEOVOLTA, INC., 13651 DANIELSON STREET, SUITE A, POWAY CA 92064
James F Amos	director	C/O NEOVOLTA, INC., 13651 DANIELSON STREET, SUITE A, POWAY CA 92064