ABCO Energy (ABCO Energy) Receivables Turnover : 10.93 (As of Dec. 2022)

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What is ABCO 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. ABCO Energy's Revenue for the three months ended in Dec. 2022 was $0.69 Mil. ABCO Energy's average Accounts Receivable for the three months ended in Dec. 2022 was $0.06 Mil. Hence, ABCO Energy's Receivables Turnover for the three months ended in Dec. 2022 was 10.93.

ABCO Energy Receivables Turnover Historical Data

The historical data trend for ABCO 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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ABCO Energy Receivables Turnover Chart

ABCO Energy Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Receivables Turnover

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37.72

34.84

31.81

35.64

30.95

ABCO Energy Quarterly Data
	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22
Receivables Turnover	Get a 7-Day Free Trial															10.11	5.75	14.66	10.31	10.93

Competitive Comparison of ABCO Energy's Receivables Turnover

For the Solar subindustry, ABCO 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.

ABCO Energy's Receivables Turnover Distribution in the Semiconductors Industry

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

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

ABCO Energy Receivables Turnover Calculation

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

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

	Receivables Turnover (A: Dec. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2022 )	/ (	(Accounts Receivable (A: Dec. 2021 )	+	Accounts Receivable (A: Dec. 2022 ))	/	count )
=	1.981	/ (	(0.034	+	0.094)	/	2 )
=	1.981	/	0.064
=	30.95

ABCO Energy's Receivables Turnover for the quarter that ended in Dec. 2022 is calculated as

	Receivables Turnover (Q: Dec. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2022 )	/ (	(Accounts Receivable (Q: Sep. 2022 )	+	Accounts Receivable (Q: Dec. 2022 ))	/	count )
=	0.694	/ (	(0.033	+	0.094)	/	2 )
=	0.694	/	0.0635
=	10.93

ABCO Energy (OTCPK:ABCE) 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.

ABCO Energy Receivables Turnover Related Terms

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ABCO Energy (ABCO Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » ABCO Energy Inc (OTCPK:ABCE) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

2505 N. Alvernon Way, Tucson, AZ, USA, 85712

Website

https://www.abcosolar.com

ABCO Energy Inc is engaged in is in the Photo Voltaic (PV) solar systems industry, the LED and energy-efficient commercial lighting business and is an electrical product and services supplier. It sells and installs Solar Photovoltaic electric systems that allow the customer to produce their own power on their residence or business property. These products are installed by its crews and are purchased from both USA and offshore manufacturers. It has available and utilizes many suppliers of US-manufactured solar products from such companies as Mia Soleil, Canadian Solar, Westinghouse Solar and various Italian, Korean, German and Chinese suppliers. It offers solar leasing and long-term financing programs that are offered to ABCO customers and other marketing and installation organizations.

Executives

Charles Kristofer O'dowd	director, officer: President & CEO	6610 E. GHOST FLOWER, TUCSON AZ 85750
Wayne Marx	director, officer: Secretary	7700 KNIGHTHOOD LANE, WILLIAMS AZ 86046