Ina Energy (ROCO:6987) Receivables Turnover : 4.08 (As of Jun. 2024)

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What is Ina 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. Ina Energy's Revenue for the six months ended in Jun. 2024 was NT$470.4 Mil. Ina Energy's average Accounts Receivable for the six months ended in Jun. 2024 was NT$115.4 Mil. Hence, Ina Energy's Receivables Turnover for the six months ended in Jun. 2024 was 4.08.

Ina Energy Receivables Turnover Historical Data

The historical data trend for Ina 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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Ina Energy Receivables Turnover Chart

Ina Energy Annual Data

Trend

Dec22

Dec23

Receivables Turnover

3.86

6.18

Ina Energy Semi-Annual Data
	Dec22	Jun23	Dec23	Jun24
Receivables Turnover	-	6.07	2.07	4.08

Competitive Comparison of Ina Energy's Receivables Turnover

For the Utilities - Renewable subindustry, Ina 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.

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

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

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

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Ina Energy Receivables Turnover Calculation

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

Ina 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 )
=	760.033	/ (	(62.603	+	183.559)	/	2 )
=	760.033	/	123.081
=	6.18

Ina Energy's Receivables Turnover for the quarter that ended in Jun. 2024 is calculated as

	Receivables Turnover (Q: Jun. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Jun. 2024 ))	/	count )
=	470.418	/ (	(183.559	+	47.298)	/	2 )
=	470.418	/	115.4285
=	4.08

Ina Energy (ROCO:6987) 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.

Ina Energy Receivables Turnover Related Terms

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Ina Energy Business Description

Industry

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Traded in Other Exchanges

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Address

No. 463, Xingshan Road, 114, 8th Floor, Neihu District, Taipei, TWN

Website

https://www.inaenergy.com.tw

Ina Energy Corp is focused on the development and construction of solar power plants. It combines the professional strength of all parties - from the development, design, procurement, and construction to subsequent operation and maintenance of the project site, it all adheres to the coexistence with the land. As a professional renewable energy service provider, It has become the most trustworthy partner for enterprises in achieving short, medium and long-term carbon reduction goals with its rich practical experience.

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