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Southwest Iowa Renewable Energy LLC (Southwest Iowa Renewable Energy LLC) Receivables Turnover : 4.87 (As of Mar. 2023)


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What is Southwest Iowa Renewable Energy LLC 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. Southwest Iowa Renewable Energy LLC's Revenue for the three months ended in Mar. 2023 was $96.30 Mil. Southwest Iowa Renewable Energy LLC's average Accounts Receivable for the three months ended in Mar. 2023 was $19.78 Mil. Hence, Southwest Iowa Renewable Energy LLC's Receivables Turnover for the three months ended in Mar. 2023 was 4.87.

Southwest Iowa Renewable Energy LLC Receivables Turnover Historical Data

The historical data trend for Southwest Iowa Renewable Energy LLC'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.

* Premium members only.

Southwest Iowa Renewable Energy LLC Receivables Turnover Chart

Southwest Iowa Renewable Energy LLC Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only 16.56 19.74 22.31 28.50 28.95

Southwest Iowa Renewable Energy LLC Quarterly Data
Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23
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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only 6.07 5.07 6.37 5.64 4.87

Competitive Comparison of Southwest Iowa Renewable Energy LLC's Receivables Turnover

For the Specialty Chemicals subindustry, Southwest Iowa Renewable Energy LLC'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.

Southwest Iowa Renewable Energy LLC's Receivables Turnover Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Southwest Iowa Renewable Energy LLC's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Southwest Iowa Renewable Energy LLC's Receivables Turnover falls into.


Southwest Iowa Renewable Energy LLC Receivables Turnover Calculation

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

Southwest Iowa Renewable Energy LLC's Receivables Turnover for the fiscal year that ended in Sep. 2022 is calculated as

Receivables Turnover (A: Sep. 2022 )
=Revenue / Average Total Inventories
=Revenue (A: Sep. 2022 ) / ((Accounts Receivable (A: Sep. 2021 ) + Accounts Receivable (A: Sep. 2022 )) / count )
=387.125 / ((12.766 + 13.982) / 2 )
=387.125 / 13.374
=28.95

Southwest Iowa Renewable Energy LLC's Receivables Turnover for the quarter that ended in Mar. 2023 is calculated as

Receivables Turnover (Q: Mar. 2023 )
=Revenue / Average Total Inventories
=Revenue (Q: Mar. 2023 ) / ((Accounts Receivable (Q: Dec. 2022 ) + Accounts Receivable (Q: Mar. 2023 )) / count )
=96.298 / ((19.769 + 19.793) / 2 )
=96.298 / 19.781
=4.87

* 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.

Southwest Iowa Renewable Energy LLC  (GREY:SWIOU) 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.

Southwest Iowa Renewable Energy LLC Receivables Turnover Related Terms

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Southwest Iowa Renewable Energy LLC (Southwest Iowa Renewable Energy LLC) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Southwest Iowa Renewable Energy LLC (GREY:SWIOU) » Definitions » Receivables Turnover
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Address
10868 189th Street, Council Bluffs, IA, USA, 51503
Website
http://www.sireethanol.com
Southwest Iowa Renewable Energy LLC is into manufacturing and selling ethanol, distillers grains, corn oil, and carbon dioxide in the continental United States. It also sells dried distillers grains with solubles in the continental United States, Mexico, and the Pacific Rim. Its products are marketed and distributed through professional third-party marketers.

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