NU E Power (XCNQ:NUE) Receivables Turnover : 0.82 (As of Dec. 2024)

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What is NU E Power 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. NU E Power's Revenue for the three months ended in Dec. 2024 was C$0.10 Mil. NU E Power's average Accounts Receivable for the three months ended in Dec. 2024 was C$0.12 Mil. Hence, NU E Power's Receivables Turnover for the three months ended in Dec. 2024 was 0.82.

NU E Power Receivables Turnover Historical Data

The historical data trend for NU E Power'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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NU E Power Receivables Turnover Chart

NU E Power Annual Data

Trend

Dec21

Dec22

Dec23

Dec24

Receivables Turnover

4.07

3.94

NU E Power Quarterly Data
	Dec21	Dec22	Jun23	Sep23	Dec23	Jun24	Sep24	Dec24
Receivables Turnover	Get a 7-Day Free Trial			-	1.05	1.00	0.72	0.82

Competitive Comparison of NU E Power's Receivables Turnover

For the Utilities - Renewable subindustry, NU E Power'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.

NU E Power's Receivables Turnover Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, NU E Power's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where NU E Power's Receivables Turnover falls into.

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NU E Power Receivables Turnover Calculation

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

NU E Power's Receivables Turnover for the fiscal year that ended in Dec. 2024 is calculated as

	Receivables Turnover (A: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2024 )	/ (	(Accounts Receivable (A: Dec. 2023 )	+	Accounts Receivable (A: Dec. 2024 ))	/	count )
=	0.567	/ (	(0.146	+	0.142)	/	2 )
=	0.567	/	0.144
=	3.94

NU E Power's Receivables Turnover for the quarter that ended in Dec. 2024 is calculated as

	Receivables Turnover (Q: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2024 )	/ (	(Accounts Receivable (Q: Sep. 2024 )	+	Accounts Receivable (Q: Dec. 2024 ))	/	count )
=	0.095	/ (	(0.09	+	0.142)	/	2 )
=	0.095	/	0.116
=	0.82

NU E Power (XCNQ:NUE) 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.

NU E Power Receivables Turnover Related Terms

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NU E Power Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » NU E Power Corp (XCNQ:NUE) » Definitions » Receivables Turnover

Traded in Other Exchanges

B5S0:Germany

Address

6404 6a Street Se, Calgary, AB, CAN, T2H 2B7

Website

https://www.nu-ecorp.com

NU E Power Corp is a developer, owner, and operator of renewable energy projects in North America. The Company focuses on solar, wind, and battery storage projects. Its project, Lethbridge One, is a 10.5 MW utility-scale solar generation facility that is currently under construction in Alberta, Canada.

Executives

Samuel Anthony Kyler Hardy

Director