SIRC (Solar Integrated Roofing) Receivables Turnover: 10.39 (As of Sep. 2022)


What is Solar Integrated Roofing Receivables Turnover?

Solar Integrated Roofing SIRC -99.00% Receivables Turnover is 10.39 as of Sep. 2022.

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. Solar Integrated Roofing's Revenue for the three months ended in Sep. 2022 was $57.27 Mil. Solar Integrated Roofing's average Accounts Receivable for the three months ended in Sep. 2022 was $5.51 Mil. Hence, Solar Integrated Roofing's Receivables Turnover for the three months ended in Sep. 2022 was 10.39.

Solar Integrated Roofing  (OTCPK:SIRC) 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.

Solar Integrated Roofing Receivables Turnover Related Terms

Solar Integrated Roofing Receivables Turnover Historical Data

* Premium members only.

The historical data trend for Solar Integrated Roofing'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.

Solar Integrated Roofing Receivables Turnover Chart

Solar Integrated Roofing Annual Data
Trend Feb08 Feb09
Receivables Turnover
0.00 0.00

Solar Integrated Roofing Quarterly Data
Aug07 Nov07 Feb08 May08 Aug08 Nov08 Feb09 May09 Aug09 Nov09 Feb10 May10 Aug10 Nov10 Sep21 Sep22
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 0.00 0.00 0.00 0.00 10.39

SIRC vs YGEHY, BSRC: Receivables Turnover Comparison

For the Solar subindustry, Solar Integrated Roofing'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.

Solar Integrated Roofing Receivables Turnover vs Semiconductors Industry

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

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


Solar Integrated Roofing Receivables Turnover Calculation

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

Solar Integrated Roofing's Receivables Turnover for the fiscal year that ended in Feb. 2009 is calculated as

Receivables Turnover (A: Feb. 2009 )
=Revenue / Average Accounts Receivable
=Revenue (A: Feb. 2009 ) / ((Accounts Receivable (A: Feb. 2008 ) + Accounts Receivable (A: Feb. 2009 )) / count )
=0 / ((0 + 0) / 1 )
=0 / 0
=N/A

Solar Integrated Roofing's Receivables Turnover for the quarter that ended in Sep. 2022 is calculated as

Receivables Turnover (Q: Sep. 2022 )
=Revenue / Average Accounts Receivable
=Revenue (Q: Sep. 2022 ) / ((Accounts Receivable (Q: Sep. 2021 ) + Accounts Receivable (Q: Sep. 2022 )) / count )
=57.267 / ((0 + 5.512) / 1 )
=57.267 / 5.512
=10.39

* 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.

Frequently Asked Questions Learn more about Receivables Turnover →
What does a Receivables Turnover of 10.39 mean?
Solar Integrated Roofing (SIRC) has a Receivables Turnover of 10.39 as of Sep. 2022. The accounts 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. View historical data on Solar Integrated Roofing and its competitors.
Is Solar Integrated Roofing's Receivables Turnover too high?
Solar Integrated Roofing's current Receivables Turnover is 10.39. The Semiconductors industry median Receivables Turnover is 5.82. Solar Integrated Roofing's value of 10.39 is 78.5% above this industry median.
How does Solar Integrated Roofing's Receivables Turnover compare to YGEHY and BSRC?
Solar Integrated Roofing's Receivables Turnover of 10.39 can be compared against companies in the Semiconductors industry. The industry median Receivables Turnover is 5.82. Solar Integrated Roofing's value of 10.39 is 78.5% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Receivables Turnover for a Semiconductors company?
The median Receivables Turnover among Semiconductors companies is 5.82, based on 1,017 companies in the industry. Companies in the top quartile (top 25%) have a Receivables Turnover significantly above this median, while those in the bottom quartile fall well below. However, Receivables Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Solar Integrated Roofing's current Receivables Turnover of 10.39 is 78.5% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Receivables Turnover mean?
A high Receivables Turnover can signal that a stock is expensive relative to its fundamentals. The accounts 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. View historical data on Solar Integrated Roofing and its competitors. For the Semiconductors industry, the median Receivables Turnover is 5.82 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Solar Integrated Roofing's current Receivables Turnover is 10.39. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Solar Integrated Roofing stock overvalued right now?
Solar Integrated Roofing (SIRC) has a current Receivables Turnover of 10.39. The current Receivables Turnover is 10.39 and 78.5% above the Semiconductors industry median of 5.82. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Receivables Turnover calculated?
Receivables Turnover is calculated from a company's financial statements. For Solar Integrated Roofing (SIRC), the current Receivables Turnover is 10.39 as of Sep. 2022. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Solar Integrated Roofing Business Description

Address 2831 Saint Rose Parkway, Suite 200, Henderson, NV, USA, 89052
Solar Integrated Roofing Corp is an integrated, single-source solar power, EV (Electric Vehicle) charging, microgrids and roofing systems installation company providing products and services to government, commercial and residential facilities, and properties. The company has segments namely: Solar Residential; Solar Commercial; Roofing Construction; EV Charging; and Supplemental. It derives maximum revenue from Solar Commercial Segment.