Innergex Renewable Energy (Innergex Renewable Energy) Receivables Turnover : 1.34 (As of Dec. 2023)

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What is Innergex 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. Innergex Renewable Energy's Revenue for the three months ended in Dec. 2023 was $181.5 Mil. Innergex Renewable Energy's average Accounts Receivable for the three months ended in Dec. 2023 was $135.3 Mil. Hence, Innergex Renewable Energy's Receivables Turnover for the three months ended in Dec. 2023 was 1.34.

Innergex Renewable Energy Receivables Turnover Historical Data

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

Innergex Renewable Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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7.23

9.92

10.10

8.14

7.12

Innergex Renewable Energy Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															1.48	1.27	1.27	1.27	1.34

Competitive Comparison of Innergex Renewable Energy's Receivables Turnover

For the Utilities - Renewable subindustry, Innergex 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.

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

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

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

Innergex Renewable Energy Receivables Turnover Calculation

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

Innergex Renewable Energy'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 )
=	722.935	/ (	(91.534	+	111.419)	/	2 )
=	722.935	/	101.4765
=	7.12

Innergex Renewable Energy'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: Sep. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	181.517	/ (	(159.154	+	111.419)	/	2 )
=	181.517	/	135.2865
=	1.34

Innergex Renewable Energy (OTCPK:INGXF) 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.

Innergex Renewable Energy Receivables Turnover Related Terms

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Innergex Renewable Energy (Innergex Renewable Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Innergex Renewable Energy Inc (OTCPK:INGXF) » Definitions » Receivables Turnover

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Address

1225 Saint-Charles Street West, 10th Floor, Longueuil, QC, CAN, J4K 0B9

Website

https://www.innergex.com

Innergex Renewable Energy Inc is an independent Canadian renewable power producer. It develops, acquires, owns, and operates hydroelectric, wind, and solar facilities in Canada, the United States, France, and Chile. Most of the energy that the company generates comes from its hydroelectric facilities. Innergex Renewable Energy primarily generates revenue through the sale of electricity from its hydroelectric sites. The company's wind farms also generate substantial amounts of energy and revenue.

Innergex Renewable Energy (Innergex Renewable Energy) Headlines

From GuruFocus

Innergex Announces Signature of a 12-Year Power Purchase Agreement for Foard City Wind Project in Texas, USA

By PRNewswire PRNewswire • 05-07-2018