Sunworks (STU:7SL2) Receivables Turnover : 2.32 (As of Sep. 2023)

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What is Sunworks 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. Sunworks's Revenue for the three months ended in Sep. 2023 was €26.9 Mil. Sunworks's average Accounts Receivable for the three months ended in Sep. 2023 was €11.6 Mil. Hence, Sunworks's Receivables Turnover for the three months ended in Sep. 2023 was 2.32.

Sunworks Receivables Turnover Historical Data

The historical data trend for Sunworks'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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Sunworks Receivables Turnover Chart

Sunworks Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Receivables Turnover

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7.43

7.66

6.76

27.89

17.84

Sunworks Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Receivables Turnover	Get a 7-Day Free Trial															5.38	4.87	2.88	2.55	2.32

Competitive Comparison of Sunworks's Receivables Turnover

For the Solar subindustry, Sunworks'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.

Sunworks's Receivables Turnover Distribution in the Semiconductors Industry

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

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

Sunworks Receivables Turnover Calculation

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

Sunworks's Receivables Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Receivables Turnover (A: Dec. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2022 )	/ (	(Accounts Receivable (A: Dec. 2021 )	+	Accounts Receivable (A: Dec. 2022 ))	/	count )
=	152.867	/ (	(4.043	+	13.096)	/	2 )
=	152.867	/	8.5695
=	17.84

Sunworks's Receivables Turnover for the quarter that ended in Sep. 2023 is calculated as

	Receivables Turnover (Q: Sep. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2023 )	/ (	(Accounts Receivable (Q: Jun. 2023 )	+	Accounts Receivable (Q: Sep. 2023 ))	/	count )
=	26.888	/ (	(13.579	+	9.56)	/	2 )
=	26.888	/	11.5695
=	2.32

Sunworks (STU:7SL2) 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.

Sunworks Receivables Turnover Related Terms

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Sunworks (STU:7SL2) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Sunworks Inc (STU:7SL2) » Definitions » Receivables Turnover

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SUNW:USA 7SL2:Germany

Address

1555 Freedom Boulevard, Provo, UT, USA, 84604

Website

https://www.sunworksusa.com

Sunworks Inc provides photovoltaic (PV) and battery-based power and storage systems for the residential and commercial markets. Commercial projects include commercial, agricultural, industrial, and public works projects. It has three operating segments; Residential Solar offers design, arrangement to finance, integrate, install, and manage systems for residential homeowners, Commercial Solar offers design, arrangement to finance, integration, install, and manage systems ranging in size from 50kW (kilowatt) to multi-MW (megawatt) systems for larger commercial and public works projects, and Corporate segment includes general company oversight and management. The company derives a majority of its revenue from the residential solar segment.

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