Polaris Renewable Energy (Polaris Renewable Energy) Receivables Turnover : 1.84 (As of Mar. 2024)

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What is Polaris Renewable 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. Polaris Renewable Energy's Revenue for the three months ended in Mar. 2024 was $20.63 Mil. Polaris Renewable Energy's average Accounts Receivable for the three months ended in Mar. 2024 was $11.23 Mil. Hence, Polaris Renewable Energy's Receivables Turnover for the three months ended in Mar. 2024 was 1.84.

Polaris Renewable Energy Receivables Turnover Historical Data

The historical data trend for Polaris Renewable 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.

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Polaris Renewable Energy Receivables Turnover Chart

Polaris Renewable Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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4.67

4.31

4.15

6.09

7.18

Polaris Renewable Energy Quarterly Data
	Jun19	Sep19	Dec19	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															1.74	1.64	1.46	1.63	1.84

Competitive Comparison of Polaris Renewable Energy's Receivables Turnover

For the Utilities - Renewable subindustry, Polaris Renewable 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.

Polaris Renewable Energy's Receivables Turnover Distribution in the Utilities - Independent Power Producers Industry

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

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

Polaris Renewable Energy Receivables Turnover Calculation

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

Polaris Renewable Energy'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 )
=	78.522	/ (	(11.239	+	10.63)	/	2 )
=	78.522	/	10.9345
=	7.18

Polaris Renewable Energy'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 )
=	20.632	/ (	(10.63	+	11.825)	/	2 )
=	20.632	/	11.2275
=	1.84

Polaris Renewable Energy (OTCPK:RAMPF) 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.

Polaris Renewable Energy Receivables Turnover Related Terms

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Polaris Renewable Energy (Polaris Renewable Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Polaris Renewable Energy Inc (OTCPK:RAMPF) » Definitions » Receivables Turnover

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N4T:Germany PIF:Canada

Address

7 St. Thomas Street, Suite 606, Toronto, ON, CAN, M5S 2B7

Website

https://www.polarisrei.com

Polaris Renewable Energy Inc is engaged in the acquisition, exploration, development and operation of renewable energy projects in the Americas. The Company operates in five reportable operating segments: 1) Nicaragua which includes the acquisition, exploration, development and operation of a geothermal project; 2) Peru which includes the acquisition, exploration, development and operation of hydroelectric projects; 3) Panama which includes acquisition, development and operation of solar projects; 4) Dominican Republic which includes acquisition, development and operation of solar projects; 5) Ecuador which includes acquisition, exploration, development and operation of hydroelectric projects.