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Govena Lighting (WAR:GOV) Receivables Turnover : 0.41 (As of Mar. 2024)


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What is Govena Lighting 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. Govena Lighting's Revenue for the three months ended in Mar. 2024 was zł0.79 Mil. Govena Lighting's average Accounts Receivable for the three months ended in Mar. 2024 was zł1.91 Mil. Hence, Govena Lighting's Receivables Turnover for the three months ended in Mar. 2024 was 0.41.


Govena Lighting Receivables Turnover Historical Data

The historical data trend for Govena Lighting'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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Govena Lighting Receivables Turnover Chart

Govena Lighting Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Receivables Turnover
Get a 7-Day Free Trial 4.48 5.49 5.97 4.35 3.50

Govena Lighting Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Sep23 Mar24
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 0.01 0.02 1.02 0.37 0.41

Competitive Comparison of Govena Lighting's Receivables Turnover

For the Electrical Equipment & Parts subindustry, Govena Lighting'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.


Govena Lighting's Receivables Turnover Distribution in the Industrial Products Industry

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

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



Govena Lighting Receivables Turnover Calculation

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

Govena Lighting'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 )
=6.558 / ((1.997 + 1.746) / 2 )
=6.558 / 1.8715
=3.50

Govena Lighting'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: Sep. 2023 ) + Accounts Receivable (Q: Mar. 2024 )) / count )
=0.787 / ((1.819 + 1.993) / 2 )
=0.787 / 1.906
=0.41

* 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.


Govena Lighting  (WAR:GOV) 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.


Govena Lighting Receivables Turnover Related Terms

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Govena Lighting (WAR:GOV) Business Description

Traded in Other Exchanges
N/A
Address
ul. Sluzewska 8-15, Torun, POL, 87-100
Govena Lighting SA is a manufacturer of electronics, a contractor of services and a supplier of finished and semi-finished products. It works with lighting-industry customers, manufacturers of electricity meters and cash registers, and with power-industry customers. The products offered by the company include Electronic Transformers, LED power supply, Dimmer, Switches and sockets and LED profiles.

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