Nuvve Holding (Nuvve Holding) Receivables Turnover : 0.37 (As of Mar. 2024)

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What is Nuvve Holding 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. Nuvve Holding's Revenue for the three months ended in Mar. 2024 was $0.70 Mil. Nuvve Holding's average Accounts Receivable for the three months ended in Mar. 2024 was $1.91 Mil. Hence, Nuvve Holding's Receivables Turnover for the three months ended in Mar. 2024 was 0.37.

Nuvve Holding Receivables Turnover Historical Data

The historical data trend for Nuvve Holding'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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Nuvve Holding Receivables Turnover Chart

Nuvve Holding Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

1.94

1.98

3.17

4.92

Nuvve Holding Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial												0.95	0.88	1.04	0.60	0.37

Competitive Comparison of Nuvve Holding's Receivables Turnover

For the Specialty Retail subindustry, Nuvve Holding'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.

Nuvve Holding's Receivables Turnover Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Nuvve Holding's Receivables Turnover distribution charts can be found below:

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

Nuvve Holding Receivables Turnover Calculation

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

Nuvve Holding'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 )
=	8.005	/ (	(1.149	+	2.107)	/	2 )
=	8.005	/	1.628
=	4.92

Nuvve Holding'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 )
=	0.696	/ (	(2.107	+	1.705)	/	2 )
=	0.696	/	1.906
=	0.37

Nuvve Holding (NAS:NVVEW) 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.

Nuvve Holding Receivables Turnover Related Terms

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Nuvve Holding (Nuvve Holding) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Nuvve Holding Corp (NAS:NVVEW) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

NVVE:USA

Address

2488 Historic Decatur Road, Suite 200, San Diego, CA, USA, 92106

Website

https://www.nuvve.com

Nuvve Holding Corp is accelerating the electrification of transportation through its proprietary vehicle-to-grid (V2G) technology. It helps to support the integration of renewable energy sources, including solar and wind. Its Grid Integrated Vehicle (GIV) platform is refueling the next generation of electric vehicle fleets through bidirectional charging solutions.