Cloudberry Clean Energy ASA (OSL:CLOUD) Receivables Turnover : 2.30 (As of Dec. 2024)

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What is Cloudberry Clean Energy ASA 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. Cloudberry Clean Energy ASA's Revenue for the three months ended in Dec. 2024 was kr116.0 Mil. Cloudberry Clean Energy ASA's average Accounts Receivable for the three months ended in Dec. 2024 was kr50.5 Mil. Hence, Cloudberry Clean Energy ASA's Receivables Turnover for the three months ended in Dec. 2024 was 2.30.

Cloudberry Clean Energy ASA Receivables Turnover Historical Data

The historical data trend for Cloudberry Clean Energy ASA'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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Cloudberry Clean Energy ASA Receivables Turnover Chart

Cloudberry Clean Energy ASA Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Receivables Turnover

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1.28

4.72

6.50

5.89

6.37

Cloudberry Clean Energy ASA Quarterly Data
	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Receivables Turnover	Get a 7-Day Free Trial															2.80	2.25	1.69	1.48	2.30

Competitive Comparison of Cloudberry Clean Energy ASA's Receivables Turnover

For the Utilities - Renewable subindustry, Cloudberry Clean Energy ASA'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.

Cloudberry Clean Energy ASA's Receivables Turnover Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Cloudberry Clean Energy ASA's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Cloudberry Clean Energy ASA's Receivables Turnover falls into.

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Cloudberry Clean Energy ASA Receivables Turnover Calculation

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

Cloudberry Clean Energy ASA's Receivables Turnover for the fiscal year that ended in Dec. 2024 is calculated as

	Receivables Turnover (A: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2024 )	/ (	(Accounts Receivable (A: Dec. 2023 )	+	Accounts Receivable (A: Dec. 2024 ))	/	count )
=	382	/ (	(61	+	59)	/	2 )
=	382	/	60
=	6.37

Cloudberry Clean Energy ASA's Receivables Turnover for the quarter that ended in Dec. 2024 is calculated as

	Receivables Turnover (Q: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2024 )	/ (	(Accounts Receivable (Q: Sep. 2024 )	+	Accounts Receivable (Q: Dec. 2024 ))	/	count )
=	116	/ (	(42	+	59)	/	2 )
=	116	/	50.5
=	2.30

Cloudberry Clean Energy ASA (OSL:CLOUD) 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.

Cloudberry Clean Energy ASA Receivables Turnover Related Terms

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Cloudberry Clean Energy ASA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Cloudberry Clean Energy ASA (OSL:CLOUD) » Definitions » Receivables Turnover

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CLOUDo:Sweden 52K:Germany

Address

Froyas gate 15, Oslo, NOR, NO-0273

Website

https://www.cloudberry.no

Cloudberry Clean Energy ASA is a Nordic energy company that owns, develops, and operates hydropower and wind power plants in Norway and Sweden. The company produces renewable energy for future generations, with an ambition to develop a sustainable society and create value for stakeholders. The company has three revenue generating segments and one cost-efficient corporate segment. Development segment consists of green-field projects both onshore and off-shore. Production segment is engaged in operating assets, with power sold in the spot market and under fixed price Power Purchase Agreements. Operations segment delivers services such as asset management of hydro and wind assets, including digital solutions.

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