Econergy Renewable Energy (XTAE:ECNR) Receivables Turnover : 5.93 (As of Dec. 2024)

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What is Econergy Renewable 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. Econergy Renewable Energy's Revenue for the three months ended in Dec. 2024 was ₪3.43 Mil. Econergy Renewable Energy's average Accounts Receivable for the three months ended in Dec. 2024 was ₪0.58 Mil. Hence, Econergy Renewable Energy's Receivables Turnover for the three months ended in Dec. 2024 was 5.93.

Econergy Renewable Energy Receivables Turnover Historical Data

The historical data trend for Econergy Renewable 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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Econergy Renewable Energy Receivables Turnover Chart

Econergy Renewable Energy Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Receivables Turnover

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8.66

9.55

28.30

49.43

16.46

Econergy Renewable Energy Quarterly Data
	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Receivables Turnover	Get a 7-Day Free Trial														1.97	32.56	18.31	6.61	5.93

Competitive Comparison of Econergy Renewable Energy's Receivables Turnover

For the Utilities - Renewable subindustry, Econergy Renewable 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.

Econergy Renewable Energy's Receivables Turnover Distribution in the Utilities - Independent Power Producers Industry

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

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

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Econergy Renewable Energy Receivables Turnover Calculation

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

Econergy Renewable Energy'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 )
=	9.711	/ (	(0	+	0.59)	/	1 )
=	9.711	/	0.59
=	16.46

Econergy Renewable Energy'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 )
=	3.426	/ (	(0.565	+	0.59)	/	2 )
=	3.426	/	0.5775
=	5.93

Econergy Renewable Energy (XTAE:ECNR) 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.

Econergy Renewable Energy Receivables Turnover Related Terms

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Econergy Renewable Energy Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Econergy Renewable Energy Ltd (XTAE:ECNR) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

1 HaTahana Street, Menivim Tower, Kfar Saba, GBR, NW4 4DJ

Website

https://www.econergytech.com

Econergy Renewable Energy Ltd is an international independent power producer of utility-scale renewable energy projects. It develops, owns and operates utility-scale renewable energy projects driven by deep industry, regulatory, and technology expertise at every critical stage from origination to supply.

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