Sunpower Group (SGX:5GD) Receivables Turnover : 0.86 (As of Sep. 2024)

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What is Sunpower Group 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. Sunpower Group's Revenue for the three months ended in Sep. 2024 was S$137.2 Mil. Sunpower Group's average Accounts Receivable for the three months ended in Sep. 2024 was S$160.3 Mil. Hence, Sunpower Group's Receivables Turnover for the three months ended in Sep. 2024 was 0.86.

Sunpower Group Receivables Turnover Historical Data

The historical data trend for Sunpower Group'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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Sunpower Group Receivables Turnover Chart

Sunpower Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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3.99

1.29

3.94

6.24

4.61

Sunpower Group Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Receivables Turnover	Get a 7-Day Free Trial															1.07	1.28	0.97	1.01	0.86

Competitive Comparison of Sunpower Group's Receivables Turnover

For the Utilities - Independent Power Producers subindustry, Sunpower Group'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.

Sunpower Group's Receivables Turnover Distribution in the Utilities - Independent Power Producers Industry

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

* The bar in red indicates where Sunpower Group's Receivables Turnover falls into.

Sunpower Group Receivables Turnover Calculation

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

Sunpower Group'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 )
=	634.887	/ (	(123.731	+	151.682)	/	2 )
=	634.887	/	137.7065
=	4.61

Sunpower Group's Receivables Turnover for the quarter that ended in Sep. 2024 is calculated as

	Receivables Turnover (Q: Sep. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2024 )	/ (	(Accounts Receivable (Q: Jun. 2024 )	+	Accounts Receivable (Q: Sep. 2024 ))	/	count )
=	137.214	/ (	(171.352	+	149.274)	/	2 )
=	137.214	/	160.313
=	0.86

Sunpower Group (SGX:5GD) 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.

Sunpower Group Receivables Turnover Related Terms

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Sunpower Group Business Description

Industry

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Address

No. 2111 Chengxin Avenue, High-tech Industrial Park, Jiangning District, Jiangsu, Nanjing, CHN, 211112

Website

http://www.sunpower.com.cn

Sunpower Group Ltd is a centralised provider of clean industrial steam to industrial parks, civil heating to households, electricity to the State Grid, and other industrial products such as compressed air, in China. The company's portfolio of Green Investments ("GI") projects help China attain its Carbon Peak and Carbon Neutrality goals by facilitating the development of the circular economy and through initiatives such as the clean and efficient use of feedstock and diversification of feedstock sources to include industrial sludge, biomass and general solid waste.The company generates all of its revenue from the PRC region.

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