Array Technologies (STU:9AY) Receivables Turnover : 0.55 (As of Mar. 2024)

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What is Array Technologies 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. Array Technologies's Revenue for the three months ended in Mar. 2024 was €141 Mil. Array Technologies's average Accounts Receivable for the three months ended in Mar. 2024 was €258 Mil. Hence, Array Technologies's Receivables Turnover for the three months ended in Mar. 2024 was 0.55.

Array Technologies Receivables Turnover Historical Data

The historical data trend for Array Technologies'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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Array Technologies Receivables Turnover Chart

Array Technologies Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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8.84

7.79

4.93

5.10

4.12

Array Technologies 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															0.90	1.10	0.76	0.89	0.55

Competitive Comparison of Array Technologies's Receivables Turnover

For the Solar subindustry, Array Technologies'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.

Array Technologies's Receivables Turnover Distribution in the Semiconductors Industry

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

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

Array Technologies Receivables Turnover Calculation

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

Array Technologies'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 )
=	1445.697	/ (	(397.597	+	304.583)	/	2 )
=	1445.697	/	351.09
=	4.12

Array Technologies'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 )
=	141.131	/ (	(304.583	+	210.886)	/	2 )
=	141.131	/	257.7345
=	0.55

Array Technologies (STU:9AY) 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.

Array Technologies Receivables Turnover Related Terms

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Array Technologies (STU:9AY) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Array Technologies Inc (STU:9AY) » Definitions » Receivables Turnover

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ARRY:USA

Address

3901 Midway Place NE, Albuquerque, NM, USA, 87109

Website

https://www.arraytechinc.com

Array Technologies Inc manufacturer of ground-mounting systems used in solar energy projects. The company's product is an integrated system of steel supports, electric motors, gearboxes and electronic controllers referred to as a single-axis tracker that move solar panels throughout the day to maintain an optimal orientation to the sun, which increases their energy production. Its operations are in the United States, Australia, Spain, Brazil and Rest of the World with the United States deriving the majority of the revenue.

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