Vast Renewables (Vast Renewables) Receivables Turnover : 2.79 (As of Jun. 2023)

View and export this data going back to 2023. Start your Free Trial

What is Vast Renewables 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. Vast Renewables's Revenue for the six months ended in Jun. 2023 was $0.06 Mil. Vast Renewables's average Accounts Receivable for the six months ended in Jun. 2023 was $0.02 Mil. Hence, Vast Renewables's Receivables Turnover for the six months ended in Jun. 2023 was 2.79.

Vast Renewables Receivables Turnover Historical Data

The historical data trend for Vast Renewables'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.

Vast Renewables Receivables Turnover Chart

Vast Renewables Annual Data

Trend

Jun20

Jun21

Jun22

Receivables Turnover

1.21

2.13

Vast Renewables Semi-Annual Data
	Jun21	Dec21	Jun22	Dec22	Jun23
Receivables Turnover	-	0.54	20.75	9.67	2.79

Competitive Comparison of Vast Renewables's Receivables Turnover

For the Solar subindustry, Vast Renewables'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.

Vast Renewables's Receivables Turnover Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Vast Renewables's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Vast Renewables's Receivables Turnover falls into.

Vast Renewables Receivables Turnover Calculation

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

Vast Renewables's Receivables Turnover for the fiscal year that ended in Jun. 2022 is calculated as

	Receivables Turnover (A: Jun. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jun. 2022 )	/ (	(Accounts Receivable (A: Jun. 2021 )	+	Accounts Receivable (A: Jun. 2022 ))	/	count )
=	0.163	/ (	(0.149	+	0.004)	/	2 )
=	0.163	/	0.0765
=	2.13

Vast Renewables's Receivables Turnover for the quarter that ended in Jun. 2023 is calculated as

	Receivables Turnover (Q: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2023 )	/ (	(Accounts Receivable (Q: Dec. 2022 )	+	Accounts Receivable (Q: Jun. 2023 ))	/	count )
=	0.06	/ (	(0.039	+	0.004)	/	2 )
=	0.06	/	0.0215
=	2.79

Vast Renewables (NAS:VSTE) 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.

Vast Renewables Receivables Turnover Related Terms

Thank you for viewing the detailed overview of Vast Renewables's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Vast Renewables (Vast Renewables) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Vast Renewables Ltd (NAS:VSTE) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

226-230 Liverpool Street, Darlinghurst, NSW, AUS, 2010

Website

https://www.vast.energy

Vast Solar Pty Ltd is a clean, renewable energy company specializing in the design and manufacturing of concentrated solar thermal power (CSP) systems to generate carbon-free, utility-scale electricity, industrial heat, and green fuels. The Company's differentiated modular CSP system, utilizing proprietary sodium loop heat transfer technology, provides customers with a solution to the enduring challenge of intermittent renewable energy through 24/7 dispatchable power and heat.

Vast Renewables (Vast Renewables) Headlines

From GuruFocus

Vast Announces Appointment of Two Additional Directors to its Recently Expanded Board of Directors

By Business Wire • 01-12-2024