Hybrid Power Solutions (XCNQ:HPSS) Receivables Turnover : 1.57 (As of Feb. 2024)

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What is Hybrid Power Solutions 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. Hybrid Power Solutions's Revenue for the three months ended in Feb. 2024 was C$0.73 Mil. Hybrid Power Solutions's average Accounts Receivable for the three months ended in Feb. 2024 was C$0.46 Mil. Hence, Hybrid Power Solutions's Receivables Turnover for the three months ended in Feb. 2024 was 1.57.

Hybrid Power Solutions Receivables Turnover Historical Data

The historical data trend for Hybrid Power Solutions'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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Hybrid Power Solutions Receivables Turnover Chart

Hybrid Power Solutions Annual Data

Trend

May21

May22

May23

Receivables Turnover

4.74

11.35

17.99

Hybrid Power Solutions Quarterly Data
	May21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Receivables Turnover	Get a 7-Day Free Trial					2.44	2.13	1.84	1.95	1.57

Competitive Comparison of Hybrid Power Solutions's Receivables Turnover

For the Electrical Equipment & Parts subindustry, Hybrid Power Solutions'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.

Hybrid Power Solutions's Receivables Turnover Distribution in the Industrial Products Industry

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

* The bar in red indicates where Hybrid Power Solutions's Receivables Turnover falls into.

Hybrid Power Solutions Receivables Turnover Calculation

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

Hybrid Power Solutions's Receivables Turnover for the fiscal year that ended in May. 2023 is calculated as

	Receivables Turnover (A: May. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: May. 2023 )	/ (	(Accounts Receivable (A: May. 2022 )	+	Accounts Receivable (A: May. 2023 ))	/	count )
=	3.301	/ (	(0.185	+	0.182)	/	2 )
=	3.301	/	0.1835
=	17.99

Hybrid Power Solutions's Receivables Turnover for the quarter that ended in Feb. 2024 is calculated as

	Receivables Turnover (Q: Feb. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Feb. 2024 )	/ (	(Accounts Receivable (Q: Nov. 2023 )	+	Accounts Receivable (Q: Feb. 2024 ))	/	count )
=	0.727	/ (	(0.327	+	0.598)	/	2 )
=	0.727	/	0.4625
=	1.57

Hybrid Power Solutions (XCNQ:HPSS) 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.

Hybrid Power Solutions Receivables Turnover Related Terms

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Hybrid Power Solutions (XCNQ:HPSS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Hybrid Power Solutions Inc (XCNQ:HPSS) » Definitions » Receivables Turnover

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Traded in Other Exchanges

E092:Germany

Address

333 Terminal Avenue, Suite 208, Vancouver, BC, CAN, V6A 4C1

Website

https://www.hybridps.ca

Hybrid Power Solutions Inc is a Canadian clean energy company specializing in producing, developing, and installing direct-to-consumer clean technology products such as portable power packs and stationary energy storage. It mainly designs and manufactures patent-pending portable battery systems and customized energy solutions for a variety of industrial markets, including the mining, railway, public transit, and construction sectors. It also has a franchise network of solar power installers that operate under the Company's trademark and offer the sale and installation of the Company's products. Geographically, the company operates in Canada which is the key revenue generating market, and the United States.

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