XCHG (XCH) Receivables Turnover : 0.86 (As of Jun. 2024)

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What is XCHG 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. XCHG's Revenue for the three months ended in Jun. 2024 was $9.00 Mil. XCHG's average Accounts Receivable for the three months ended in Jun. 2024 was $10.48 Mil. Hence, XCHG's Receivables Turnover for the three months ended in Jun. 2024 was 0.86.

XCHG Receivables Turnover Historical Data

The historical data trend for XCHG'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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XCHG Receivables Turnover Chart

XCHG Annual Data

Trend

Dec21

Dec22

Dec23

Receivables Turnover

3.05

4.95

3.84

XCHG Quarterly Data
	Dec21	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Receivables Turnover	Get a 7-Day Free Trial				1.17	0.87	0.98	0.78	0.86

Competitive Comparison of XCHG's Receivables Turnover

For the Specialty Industrial Machinery subindustry, XCHG'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.

XCHG's Receivables Turnover Distribution in the Industrial Products Industry

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

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

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XCHG Receivables Turnover Calculation

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

XCHG'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 )
=	38.512	/ (	(7.56	+	12.495)	/	2 )
=	38.512	/	10.0275
=	3.84

XCHG'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 )
=	8.998	/ (	(16.233	+	4.723)	/	2 )
=	8.998	/	10.478
=	0.86

XCHG (NAS:XCH) 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.

XCHG Receivables Turnover Related Terms

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XCHG Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » XCHG Ltd (NAS:XCH) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Hamburg-Mitte Grevenweg 24, Hamburg, DEU, 20537

Website

https://www.xcharge.com

XCHG Ltd engaged in designing, manufacturing and selling of Electric Vehicle (EV) chargers and EV charging solutions which include the DC fast chargers named the C6 series and the C7 series, the battery-integrated DC fast chargers which is Net Zero Series (NZS), as well as accompanying services. Its integrated solution combining proprietary charging technology, energy storage technology and accompanying services significantly improves EV charging efficiency and unlocks the value of energy storage and management. Its NZS solution enables fast charging at low power locations or vis-a-vis aged grid infrastructures (which typically are not compatible with fast charging equipment) with no site improvements or grid upgrades needed.