Gosol Energy Group AB (XSAT:GOSOL) Receivables Turnover : 17.71 (As of Dec. 2023)

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What is Gosol Energy Group AB 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. Gosol Energy Group AB's Revenue for the six months ended in Dec. 2023 was kr275.8 Mil. Gosol Energy Group AB's average Accounts Receivable for the six months ended in Dec. 2023 was kr15.6 Mil. Hence, Gosol Energy Group AB's Receivables Turnover for the six months ended in Dec. 2023 was 17.71.

Gosol Energy Group AB Receivables Turnover Historical Data

The historical data trend for Gosol Energy Group AB'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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Gosol Energy Group AB Receivables Turnover Chart

Gosol Energy Group AB Annual Data

Trend

Dec22

Dec23

Receivables Turnover

13.80

17.71

Gosol Energy Group AB Semi-Annual Data
	Dec22	Dec23
Receivables Turnover	13.80	17.71

Competitive Comparison of Gosol Energy Group AB's Receivables Turnover

For the Solar subindustry, Gosol Energy Group AB'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.

Gosol Energy Group AB's Receivables Turnover Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Gosol Energy Group AB's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Gosol Energy Group AB's Receivables Turnover falls into.

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Gosol Energy Group AB Receivables Turnover Calculation

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

Gosol Energy Group AB'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 )
=	275.847	/ (	(12.841	+	18.317)	/	2 )
=	275.847	/	15.579
=	17.71

Gosol Energy Group AB'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: Dec. 2022 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	275.847	/ (	(12.841	+	18.317)	/	2 )
=	275.847	/	15.579
=	17.71

Gosol Energy Group AB (XSAT:GOSOL) 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.

Gosol Energy Group AB Receivables Turnover Related Terms

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Gosol Energy Group AB Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Gosol Energy Group AB (XSAT:GOSOL) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

Telefonvagen 30, Stockholm, SWE, 126 26

Website

https://www.gosol.se

Gosol Energy Group AB is a comprehensive supplier of energy solutions with a focus on solar cells, charging infrastructure and battery solutions for private individuals and companies.

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