Energy Solar Tech (XMAD:ETC) Receivables Turnover : 12.86 (As of Dec. 2021)

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What is Energy Solar Tech 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. Energy Solar Tech's Revenue for the six months ended in Dec. 2021 was €4.23 Mil. Energy Solar Tech's average Accounts Receivable for the six months ended in Dec. 2021 was €0.33 Mil. Hence, Energy Solar Tech's Receivables Turnover for the six months ended in Dec. 2021 was 12.86.

Energy Solar Tech Receivables Turnover Historical Data

The historical data trend for Energy Solar Tech'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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Energy Solar Tech Receivables Turnover Chart

Energy Solar Tech Annual Data

Trend

Dec20

Dec21

Receivables Turnover

4.26

12.86

Energy Solar Tech Semi-Annual Data
	Dec20	Dec21
Receivables Turnover	4.26	12.86

Competitive Comparison of Energy Solar Tech's Receivables Turnover

For the Utilities - Renewable subindustry, Energy Solar Tech'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.

Energy Solar Tech's Receivables Turnover Distribution in the Utilities - Independent Power Producers Industry

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

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

Energy Solar Tech Receivables Turnover Calculation

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

Energy Solar Tech's Receivables Turnover for the fiscal year that ended in Dec. 2021 is calculated as

	Receivables Turnover (A: Dec. 2021 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2021 )	/ (	(Accounts Receivable (A: Dec. 2020 )	+	Accounts Receivable (A: Dec. 2021 ))	/	count )
=	4.232	/ (	(0.082	+	0.576)	/	2 )
=	4.232	/	0.329
=	12.86

Energy Solar Tech's Receivables Turnover for the quarter that ended in Dec. 2021 is calculated as

	Receivables Turnover (Q: Dec. 2021 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2021 )	/ (	(Accounts Receivable (Q: Dec. 2020 )	+	Accounts Receivable (Q: Dec. 2021 ))	/	count )
=	4.232	/ (	(0.082	+	0.576)	/	2 )
=	4.232	/	0.329
=	12.86

Energy Solar Tech (XMAD:ETC) 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.

Energy Solar Tech Receivables Turnover Related Terms

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Energy Solar Tech (XMAD:ETC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Energy Solar Tech SA (XMAD:ETC) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

DH4:Germany

Address

C/ Ruso, 18, Las Rozas de Madrid, Madrid, ESP, 28290

Website

https://www.energysolartech.com

Energy Solar Tech SA is a technology company in the energy sector whose mission is to facilitate the migration of companies to renewable energies, The company offers its clients energy generation and efficiency technologies through its offer of energy Outsourcing services under the Energy As A Service model.

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