Holaluz-Clidom (XMAD:HLZ) Receivables Turnover : 7.76 (As of Dec. 2023)

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What is Holaluz-Clidom 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. Holaluz-Clidom's Revenue for the six months ended in Dec. 2023 was €291.0 Mil. Holaluz-Clidom's average Accounts Receivable for the six months ended in Dec. 2023 was €37.5 Mil. Hence, Holaluz-Clidom's Receivables Turnover for the six months ended in Dec. 2023 was 7.76.

Holaluz-Clidom Receivables Turnover Historical Data

The historical data trend for Holaluz-Clidom'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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Holaluz-Clidom Receivables Turnover Chart

Holaluz-Clidom Annual Data

Trend

Sep19

Sep20

Dec21

Dec22

Dec23

Receivables Turnover

7.48

8.48

14.99

17.32

13.68

Holaluz-Clidom Semi-Annual Data
	Mar19	Sep19	Mar20	Sep20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial					8.36	9.15	5.41	6.43	7.76

Competitive Comparison of Holaluz-Clidom's Receivables Turnover

For the Utilities - Renewable subindustry, Holaluz-Clidom'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.

Holaluz-Clidom's Receivables Turnover Distribution in the Utilities - Independent Power Producers Industry

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

* The bar in red indicates where Holaluz-Clidom's Receivables Turnover falls into.

Holaluz-Clidom Receivables Turnover Calculation

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

Holaluz-Clidom'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 )
=	614.563	/ (	(57.706	+	32.128)	/	2 )
=	614.563	/	44.917
=	13.68

Holaluz-Clidom'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 )
=	291.026	/ (	(42.914	+	32.128)	/	2 )
=	291.026	/	37.521
=	7.76

Holaluz-Clidom (XMAD:HLZ) 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.

Holaluz-Clidom Receivables Turnover Related Terms

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Holaluz-Clidom (XMAD:HLZ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Holaluz-Clidom SA (XMAD:HLZ) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

4H2:Germany

Address

Paseo Juan de Borbon 99-101, 4th Floor, Barcelona, ESP, 08039

Website

https://www.holaluz.com

Holaluz-Clidom SA is a renewable energy company providing green energy. The company's main activity is commercialization of energy in general. Its Holaluz Cloud is a system that allows surplus energy, i.e. energy produced by customers' solar panels that cannot be consumed at the moment, to be deducted from the electricity bill.

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