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Braille Energy Systems (TSXV:BES) Receivables Turnover : 8.47 (As of Jun. 2024)


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What is Braille Energy Systems 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. Braille Energy Systems's Revenue for the three months ended in Jun. 2024 was C$0.92 Mil. Braille Energy Systems's average Accounts Receivable for the three months ended in Jun. 2024 was C$0.11 Mil. Hence, Braille Energy Systems's Receivables Turnover for the three months ended in Jun. 2024 was 8.47.


Braille Energy Systems Receivables Turnover Historical Data

The historical data trend for Braille Energy Systems'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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Braille Energy Systems Receivables Turnover Chart

Braille Energy Systems Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 35.73 28.72 24.94 35.34 24.34

Braille Energy Systems Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 3.70 2.34 4.90 8.45 8.47

Competitive Comparison of Braille Energy Systems's Receivables Turnover

For the Electrical Equipment & Parts subindustry, Braille Energy Systems'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.


Braille Energy Systems's Receivables Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Braille Energy Systems's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Braille Energy Systems's Receivables Turnover falls into.



Braille Energy Systems Receivables Turnover Calculation

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

Braille Energy Systems's Receivables Turnover for the fiscal year that ended in Sep. 2023 is calculated as

Receivables Turnover (A: Sep. 2023 )
=Revenue / Average Total Inventories
=Revenue (A: Sep. 2023 ) / ((Accounts Receivable (A: Sep. 2022 ) + Accounts Receivable (A: Sep. 2023 )) / count )
=3.76 / ((0.078 + 0.231) / 2 )
=3.76 / 0.1545
=24.34

Braille Energy Systems's Receivables Turnover for the quarter that ended in Jun. 2024 is calculated as

Receivables Turnover (Q: Jun. 2024 )
=Revenue / Average Total Inventories
=Revenue (Q: Jun. 2024 ) / ((Accounts Receivable (Q: Mar. 2024 ) + Accounts Receivable (Q: Jun. 2024 )) / count )
=0.923 / ((0.089 + 0.129) / 2 )
=0.923 / 0.109
=8.47

* 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.


Braille Energy Systems  (TSXV:BES) 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.


Braille Energy Systems Receivables Turnover Related Terms

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Braille Energy Systems Business Description

Traded in Other Exchanges
N/A
Address
945 Princess Street, Box 117, Kingston, ON, CAN, K7L 0E9
Braille Energy Systems Inc is a battery manufacturing and energy storage company supplying batteries to the professional motorsports industry and the pioneer of a complete line of lightweight high powered battery systems for the transportation market. Geographically it serves Europe, the Middle East, Africa, Asia Pacific Australia and earns key revenue from the Americas.
Executives
Lindsay Thomas Weatherdon Director
Jeffrey York 10% Security Holder, Director
Grafoid Inc. 10% Security Holder
Judith Tendai Mazvihwa Senior Officer
Pierre Cleroux Director
Gary Economo 10% Security Holder, Director, Senior Officer

Braille Energy Systems Headlines

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