Remor Solar Polska (WAR:RSP) Receivables Turnover : 0.48 (As of Mar. 2024)

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What is Remor Solar Polska 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. Remor Solar Polska's Revenue for the three months ended in Mar. 2024 was zł9.90 Mil. Remor Solar Polska's average Accounts Receivable for the three months ended in Mar. 2024 was zł20.79 Mil. Hence, Remor Solar Polska's Receivables Turnover for the three months ended in Mar. 2024 was 0.48.

Remor Solar Polska Receivables Turnover Historical Data

The historical data trend for Remor Solar Polska'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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Remor Solar Polska Receivables Turnover Chart

Remor Solar Polska Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Receivables Turnover

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0.24

2.71

12.37

2.72

4.78

Remor Solar Polska Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															0.96	1.50	0.70	1.67	0.48

Competitive Comparison of Remor Solar Polska's Receivables Turnover

For the Solar subindustry, Remor Solar Polska'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.

Remor Solar Polska's Receivables Turnover Distribution in the Semiconductors Industry

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

* The bar in red indicates where Remor Solar Polska's Receivables Turnover falls into.

Remor Solar Polska Receivables Turnover Calculation

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

Remor Solar Polska'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 )
=	53.732	/ (	(8.768	+	13.733)	/	2 )
=	53.732	/	11.2505
=	4.78

Remor Solar Polska'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 )
=	9.904	/ (	(21.273	+	20.301)	/	2 )
=	9.904	/	20.787
=	0.48

Remor Solar Polska (WAR:RSP) 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.

Remor Solar Polska Receivables Turnover Related Terms

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Remor Solar Polska (WAR:RSP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Remor Solar Polska SA (WAR:RSP) » Definitions » Receivables Turnover

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Address

ul. Kolejowa 48, Recz, POL, 73-210

Website

http://www.remorsolar.com

Remor Solar Polska SA is a solar mounting system manufacturer. It is engaged in offering mounting solutions for all types of solar projects, and also offers technical planning, as well as installation services for all REMOR Solar mounting systems.