Enerside Energy (XMAD:ENRS) Receivables Turnover : 0.41 (As of Dec. 2023)

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What is Enerside Energy 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. Enerside Energy's Revenue for the six months ended in Dec. 2023 was €3.71 Mil. Enerside Energy's average Accounts Receivable for the six months ended in Dec. 2023 was €9.07 Mil. Hence, Enerside Energy's Receivables Turnover for the six months ended in Dec. 2023 was 0.41.

Enerside Energy Receivables Turnover Historical Data

The historical data trend for Enerside Energy'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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Enerside Energy Receivables Turnover Chart

Enerside Energy Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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2.40

3.48

2.98

3.43

2.01

Enerside Energy Semi-Annual Data
	Dec18	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial				1.55	1.74	1.81	1.26	0.41

Competitive Comparison of Enerside Energy's Receivables Turnover

For the Engineering & Construction subindustry, Enerside Energy'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.

Enerside Energy's Receivables Turnover Distribution in the Construction Industry

For the Construction industry and Industrials sector, Enerside Energy's Receivables Turnover distribution charts can be found below:

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

Enerside Energy Receivables Turnover Calculation

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

Enerside Energy'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 )
=	19.771	/ (	(13.532	+	6.137)	/	2 )
=	19.771	/	9.8345
=	2.01

Enerside Energy's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Jun. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	3.71	/ (	(11.996	+	6.137)	/	2 )
=	3.71	/	9.0665
=	0.41

Enerside Energy (XMAD:ENRS) 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.

Enerside Energy Receivables Turnover Related Terms

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Enerside Energy (XMAD:ENRS) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Enerside Energy SA (XMAD:ENRS) » Definitions » Receivables Turnover

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9O8:Germany

Address

Carrer Tuset 3, 3, Barcelona, ESP, 08006

Website

https://www.enerside.com

Enerside Energy SA is engaged in the development, construction, and maintenance of renewable energy projects. The company has solar photovoltaic generation projects for industrial clients in Europe and Latin America.

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