ZEVY (Lightning eMotors) Receivables Turnover: 1.34 (As of Sep. 2023)

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ZEVY Lightning eMotors Inc ZEVY
12 GF Score
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What is Lightning eMotors Receivables Turnover?

Lightning eMotors ZEVY 12 Receivables Turnover is 1.34 as of Sep. 2023. GuruFocus rates ZEVY with a GF Score™ of 12/100.

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. Lightning eMotors's Revenue for the three months ended in Sep. 2023 was $12.37 Mil. Lightning eMotors's average Accounts Receivable for the three months ended in Sep. 2023 was $9.20 Mil. Hence, Lightning eMotors's Receivables Turnover for the three months ended in Sep. 2023 was 1.34.


Lightning eMotors  (OTCPK:ZEVY) 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.


Lightning eMotors Receivables Turnover Related Terms


Lightning eMotors Receivables Turnover Historical Data

* Premium members only.

The historical data trend for Lightning eMotors'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.

Lightning eMotors Receivables Turnover Chart

Lightning eMotors Annual Data
Trend Dec19 Dec20 Dec21 Dec22
Receivables Turnover
2.86 3.48 3.16 2.56

Lightning eMotors Quarterly Data
Dec19 Mar20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.30 0.43 0.13 0.81 1.34

ZEVY vs AMMX, CEAD, ARTW: Receivables Turnover Comparison

For the Farm & Heavy Construction Machinery subindustry, Lightning eMotors'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.


Lightning eMotors Receivables Turnover vs Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Lightning eMotors's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Lightning eMotors's Receivables Turnover falls into.


ZEVY
12GF Score
Lightning eMotors Inc ZEVY
Receivables Turnover is just one metric. See GF Score™, valuation, warning signs, and more.
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Lightning eMotors Receivables Turnover Calculation

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

Lightning eMotors's Receivables Turnover for the fiscal year that ended in Dec. 2022 is calculated as

Receivables Turnover (A: Dec. 2022 )
=Revenue / Average Accounts Receivable
=Revenue (A: Dec. 2022 ) / ((Accounts Receivable (A: Dec. 2021 ) + Accounts Receivable (A: Dec. 2022 )) / count )
=24.413 / ((9.172 + 9.899) / 2 )
=24.413 / 9.5355
=2.56

Lightning eMotors's Receivables Turnover for the quarter that ended in Sep. 2023 is calculated as

Receivables Turnover (Q: Sep. 2023 )
=Revenue / Average Accounts Receivable
=Revenue (Q: Sep. 2023 ) / ((Accounts Receivable (Q: Jun. 2023 ) + Accounts Receivable (Q: Sep. 2023 )) / count )
=12.366 / ((8.66 + 9.747) / 2 )
=12.366 / 9.2035
=1.34

* 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.

Frequently Asked Questions Learn more about Receivables Turnover →
What does a Receivables Turnover of 1.34 mean?
Lightning eMotors (ZEVY) has a Receivables Turnover of 1.34 as of Sep. 2023. The accounts 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. View historical data on Lightning eMotors and its competitors.
Is Lightning eMotors' Receivables Turnover too high?
Lightning eMotors' current Receivables Turnover is 1.34. The Farm & Heavy Construction Machinery industry median Receivables Turnover is 4.97. Lightning eMotors' value of 1.34 is 73% below this industry median. Overall, Lightning eMotors has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Lightning eMotors' Receivables Turnover compare to AMMX and CEAD?
Lightning eMotors' Receivables Turnover of 1.34 can be compared against companies in the Farm & Heavy Construction Machinery industry. The industry median Receivables Turnover is 4.97. Lightning eMotors' value of 1.34 is 73% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Receivables Turnover for a Farm & Heavy Construction Machinery company?
The median Receivables Turnover among Farm & Heavy Construction Machinery companies is 4.97, based on 210 companies in the industry. Companies in the top quartile (top 25%) have a Receivables Turnover significantly above this median, while those in the bottom quartile fall well below. However, Receivables Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Lightning eMotors's current Receivables Turnover of 1.34 is 73% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Receivables Turnover mean?
A high Receivables Turnover can signal that a stock is expensive relative to its fundamentals. The accounts 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. View historical data on Lightning eMotors and its competitors. For the Farm & Heavy Construction Machinery industry, the median Receivables Turnover is 4.97 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Lightning eMotors's current Receivables Turnover is 1.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Lightning eMotors stock overvalued right now?
Lightning eMotors (ZEVY) has a current Receivables Turnover of 1.34. The current Receivables Turnover is 1.34 and 73% below the Farm & Heavy Construction Machinery industry median of 4.97. Lightning eMotors' overall GF Score™ is 12/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Receivables Turnover calculated?
Receivables Turnover is calculated from a company's financial statements. For Lightning eMotors (ZEVY), the current Receivables Turnover is 1.34 as of Sep. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Lightning eMotors Business Description

Address 815 14th Street South West, Suite A100, Loveland, CO, USA, 80537
Lightning eMotors Inc is engaged in designing and manufacturing zero-emission commercial trucks and buses and charging infrastructure solutions for fleets, large enterprises, original equipment manufacturers, and governments. Its product offerings range from cargo vans, transit and shuttle buses, school buses, specialty work trucks, ambulances, and electric powertrains for school buses, transit buses, and motor coaches. Its product solutions help its customers reduce their greenhouse gas emissions, lower operating costs and improve energy efficiency.
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