P2 Solar (P2 Solar) Receivables Turnover : 1.10 (As of Dec. 2023)

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What is P2 Solar 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. P2 Solar's Revenue for the three months ended in Dec. 2023 was $0.02 Mil. P2 Solar's average Accounts Receivable for the three months ended in Dec. 2023 was $0.02 Mil. Hence, P2 Solar's Receivables Turnover for the three months ended in Dec. 2023 was 1.10.

P2 Solar Receivables Turnover Historical Data

The historical data trend for P2 Solar'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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P2 Solar Receivables Turnover Chart

P2 Solar Annual Data

Trend

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Receivables Turnover

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P2 Solar Quarterly Data
	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															-	-	2.86	7.08	1.10

Competitive Comparison of P2 Solar's Receivables Turnover

For the Solar subindustry, P2 Solar'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.

P2 Solar's Receivables Turnover Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, P2 Solar's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where P2 Solar's Receivables Turnover falls into.

P2 Solar Receivables Turnover Calculation

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

P2 Solar's Receivables Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Receivables Turnover (A: Mar. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2023 )	/ (	(Accounts Receivable (A: Mar. 2022 )	+	Accounts Receivable (A: Mar. 2023 ))	/	count )
=	0	/ (	(0	+	0)	/	1 )
=	0	/	0
=	N/A

P2 Solar's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Sep. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	0.022	/ (	(0.012	+	0.028)	/	2 )
=	0.022	/	0.02
=	1.10

P2 Solar (OTCPK:PTOS) 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.

P2 Solar Receivables Turnover Related Terms

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