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SUNE (SUNation Energy) Receivables Turnover : 3.38 (As of Dec. 2024)


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What is SUNation Energy 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. SUNation Energy's Revenue for the three months ended in Dec. 2024 was $15.38 Mil. SUNation Energy's average Accounts Receivable for the three months ended in Dec. 2024 was $4.55 Mil. Hence, SUNation Energy's Receivables Turnover for the three months ended in Dec. 2024 was 3.38.


SUNation Energy Receivables Turnover Historical Data

The historical data trend for SUNation Energy'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.

* Premium members only.

SUNation Energy Receivables Turnover Chart

SUNation Energy Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24
Receivables Turnover
- - 4.95 15.06 11.50

SUNation Energy Quarterly Data
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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.62 2.65 2.78 3.27 3.38

Competitive Comparison of SUNation Energy's Receivables Turnover

For the Solar subindustry, SUNation Energy'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.


SUNation Energy's Receivables Turnover Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, SUNation Energy's Receivables Turnover distribution charts can be found below:

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


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SUNation Energy Receivables Turnover Calculation

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

SUNation Energy'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 )
=56.862 / ((5.011 + 4.881) / 2 )
=56.862 / 4.946
=11.50

SUNation Energy'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 )
=15.375 / ((4.228 + 4.881) / 2 )
=15.375 / 4.5545
=3.38

* 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.


SUNation Energy  (NAS:SUNE) 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.


SUNation Energy Receivables Turnover Related Terms

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SUNation Energy Business Description

Traded in Other Exchanges
N/A
Address
10900 Red Circle Drive, Minnetonka, MN, USA, 55343
SUNation Energy Inc formerly Pineapple Energy Inc provides households with sustainable solar energy, back-up power and security, control and predictability, and cost savings. The company provides a full range of installation services, including the design, engineering, procurement, permitting, construction, grid connection, warranty, monitoring and maintenance of residential solar energy systems. It also offers battery storage to customers in select markets and serves a limited number of enterprise customers.
Executives
Roger Hd Lacey director 10900 RED CIRCLE DRIVE, MINNETONKA MN 55343
Scott Maskin director 40 GRASSMERE AVENUE, OAKDALE NY 11769
Eric Ingvaldson officer: CHIEF FINANCIAL OFFICER 10900 RED CIRCLE DRIVE, MINNETONKA MN 55343
Tom Holland director 315 LAKE STREET EAST, SUITE 301, WAYZATA MN 55391
Randall D Sampson director 1100 CANTERBURY ROAD, SHAKOPEE MN 55379
Scott Honour director 10877 WILSHIRE BOULEVARD, 18TH FLOOR, LOS ANGELES CA 90024
Northern Pacific Growth Investment Advisors, Llc 10 percent owner 315 EAST LAKE STREET, SUITE 301, WAYZATA MN 55391
Michael R. Zapata director 2765 NW NICOLAI STREET, PORTLAND OR 97210
Kyle Udseth director, officer: CHIEF EXECUTIVE OFFICER NORTHERN PACIFIC GROUP, 315 EAST LAKE STREET, SUITE 301, WAYZATA MN 55391
Marilyn S. Adler director 315 LAKE STREET EAST, SUITE 301, WAYZATA MN 55391
Mike Siegler officer: Senior Vice President 10900 RED CIRCLE DR., MINNETONKA MN 55343
Anita Kumar director, officer: President/CEO 10900 RED CIRCLE DRIVE, MINNETONKA MN 55343
Steven Webster director 4901 ARDEN AVE., EDINA MN 55424
Richard A Primuth director
Scott Fluegge officer: VP 12946 66TH ST N, WEST PALM BEACH FL 33412