Aeva Technologies (Aeva Technologies) Receivables Turnover : 2.62 (As of Mar. 2024)

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What is Aeva Technologies 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. Aeva Technologies's Revenue for the three months ended in Mar. 2024 was $2.11 Mil. Aeva Technologies's average Accounts Receivable for the three months ended in Mar. 2024 was $0.80 Mil. Hence, Aeva Technologies's Receivables Turnover for the three months ended in Mar. 2024 was 2.62.

Aeva Technologies Receivables Turnover Historical Data

The historical data trend for Aeva Technologies'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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Aeva Technologies Receivables Turnover Chart

Aeva Technologies Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

34.35

7.47

1.60

2.45

Aeva Technologies Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial													0.43	0.45	0.99	2.31	2.62

Competitive Comparison of Aeva Technologies's Receivables Turnover

For the Software - Infrastructure subindustry, Aeva Technologies'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.

Aeva Technologies's Receivables Turnover Distribution in the Software Industry

For the Software industry and Technology sector, Aeva Technologies's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Aeva Technologies's Receivables Turnover falls into.

Aeva Technologies Receivables Turnover Calculation

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

Aeva Technologies'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 )
=	4.312	/ (	(2.887	+	0.628)	/	2 )
=	4.312	/	1.7575
=	2.45

Aeva Technologies's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	2.107	/ (	(0.628	+	0.978)	/	2 )
=	2.107	/	0.803
=	2.62

Aeva Technologies (NYSE:AEVA) 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.

Aeva Technologies Receivables Turnover Related Terms

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Aeva Technologies (Aeva Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Aeva Technologies Inc (NYSE:AEVA) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

555 Ellis Street, Mountain View, CA, USA, 94043

Website

https://www.aeva.ai

Aeva Technologies Inc through its Frequency Modulated Continuous Wave (FMCW) sensing technology, designs a 4D LiDAR-on-chip that, along with its proprietary software applications, has the potential to enable the adoption of LiDAR across broad applications from automated driving to consumer electronics, consumer health, industrial automation, and security application.

Executives

Stephen Paul Zadesky	director	555 ELLIS STREET, MOUNTAIN VIEW CA 94043
Sylebra Capital Ltd	director, 10 percent owner	28 HENNESSY ROAD, 20TH FLOOR, WAN CHAI, HONG KONG K3 00000
Soroush Salehian Dardashti	director, 10 percent owner, officer: Chief Executive Officer	C/O AEVA TECHNOLOGIES, INC., 555 ELLIS STREET, MOUNTAIN VIEW CA 94043
Erin L Polek	director	5775 MOREHOUSE DRIVE, SAN DIEGO CA 92121
Eberle Christopher G Jr	director	14 E. 4TH ST SUITE 405, NEW YORK NY 10012
Daniel Patrick Gibson	10 percent owner	400 FAIRVIEW AVENUE NORTH, SUITE 1200, SEATTLE WA 98109
Saurabh Sinha	officer: Chief Financial Officer	C/O AEVA TECHNOLOGIES, INC., 555 ELLIS STREET, MOUNTAIN VIEW CA 94043
Peter Hebert	10 percent owner	C/O LUX VENTURES, 295 MADISON AVE, 24TH FLOOR, NEW YORK NY 10017
Shahin Farshchi	director	11740 WILSHIRE BLVD, #A1309, LOS ANGELES CA 90025
Hrach Simonian	director	285 RIVERSIDE AVE., SUITE 250, WESTPORT CT 06880
Mina Rezk	director, 10 percent owner, officer: President & CTO	C/O AEVA TECHNOLOGIES, INC., 555 ELLIS STREET, MOUNTAIN VIEW CA 94043
Josh Wolfe	10 percent owner	C/O LUX HEALTH TECH ACQUISITION CORP., 920 BROADWAY, 11TH FLOOR, NEW YORK NY 10010
Lux Co-invest Opportunities, L.p.	10 percent owner	C/O LUX CAPITAL MANAGEMENT, 920 BROADWAY, 11TH FLOOR, NEW YORK NY 10010
Lux Co-invest Partners, Llc	10 percent owner	C/O LUX CAPITAL, 920 BROADWAY, 11TH FLOOR, NEW YORK NY 10010
Lux Venture Partners Iv, Llc	10 percent owner	920 BROADWAY, 11TH FLOOR, NEW YORK NY 10010