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Windon Energy Group AB (XSAT:WEG) Receivables Turnover : 0.83 (As of Mar. 2024)


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What is Windon 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. Windon Energy Group AB's Revenue for the three months ended in Mar. 2024 was kr4.62 Mil. Windon Energy Group AB's average Accounts Receivable for the three months ended in Mar. 2024 was kr5.57 Mil. Hence, Windon Energy Group AB's Receivables Turnover for the three months ended in Mar. 2024 was 0.83.


Windon Energy Group AB Receivables Turnover Historical Data

The historical data trend for Windon 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.

* Premium members only.

Windon Energy Group AB Receivables Turnover Chart

Windon Energy Group AB Annual Data
Trend Dec21 Dec22 Dec23
Receivables Turnover
- - 8.42

Windon Energy Group AB Quarterly Data
Oct21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only - 0.83 1.27 0.85 0.83

Competitive Comparison of Windon Energy Group AB's Receivables Turnover

For the Solar subindustry, Windon 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.


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

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

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



Windon Energy Group AB Receivables Turnover Calculation

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

Windon 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 )
=44.339 / ((0 + 5.269) / 1 )
=44.339 / 5.269
=8.42

Windon Energy Group AB's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

Receivables Turnover (Q: Mar. 2024 )
=Revenue / Average Total Inventories
=Revenue (Q: Mar. 2024 ) / ((Accounts Receivable (Q: Dec. 2023 ) + Accounts Receivable (Q: Mar. 2024 )) / count )
=4.615 / ((5.269 + 5.867) / 2 )
=4.615 / 5.568
=0.83

* 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.


Windon Energy Group AB  (XSAT:WEG) 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.


Windon Energy Group AB Receivables Turnover Related Terms

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Windon Energy Group AB (XSAT:WEG) Business Description

Traded in Other Exchanges
Address
Humlegardsgatan 4, Stockholm, SWE, 114 46
Windon Energy Group AB operates in the energy sector. The company is a supplier of solar cell systems and offers complete system installation consisting of solar panels. Its product offering comprises solar panels, inverters, and montagesystem.

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