Expion360 (Expion360) Receivables Turnover : 4.93 (As of Mar. 2024)

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What is Expion360 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. Expion360's Revenue for the three months ended in Mar. 2024 was $0.97 Mil. Expion360's average Accounts Receivable for the three months ended in Mar. 2024 was $0.20 Mil. Hence, Expion360's Receivables Turnover for the three months ended in Mar. 2024 was 4.93.

Expion360 Receivables Turnover Historical Data

The historical data trend for Expion360'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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Expion360 Receivables Turnover Chart

Expion360 Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

44.16

13.05

9.18

13.35

26.41

Expion360 Quarterly Data
	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial											3.25	3.32	4.29	2.74	4.93

Competitive Comparison of Expion360's Receivables Turnover

For the Electrical Equipment & Parts subindustry, Expion360'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.

Expion360's Receivables Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Expion360's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Expion360's Receivables Turnover falls into.

Expion360 Receivables Turnover Calculation

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

Expion360'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 )
=	5.981	/ (	(0.298	+	0.155)	/	2 )
=	5.981	/	0.2265
=	26.41

Expion360'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 )
=	0.972	/ (	(0.155	+	0.239)	/	2 )
=	0.972	/	0.197
=	4.93

Expion360 (NAS:XPON) 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.

Expion360 Receivables Turnover Related Terms

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Expion360 (Expion360) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Expion360 Inc (NAS:XPON) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

2025 SW Deerhound Avenue, Redmond, OR, USA, 97756

Website

https://www.expion360.com

Expion360 Inc is focused on the design, assembly, manufacturing and sales of lithium iron phosphate (LiFePO4) batteries and supporting accessories for recreational vehicles ("RV's") and marine applications with plans to expand into home energy storage products and industrial applications. Its product offerings include some of the minimal-footprint batteries in the RV & Marine industry.

Executives

John Henry Yozamp	director, 10 percent owner, officer: Chief Executive Officer	2025 SW DEERHOUND AVE, REDMOND OR 97756
Tien Quoc Nguyen	director	2025 SW DEERHOUND AVE., REDMOND OR 97756
Gregory Scott Aydelott	officer: Chief Accounting Officer	2025 SW DEERHOUND AVE, REDMOND OR 97756
Paul Thomas Shoun	director, officer: Chief Operating Officer	2025 SW DEERHOUND AVE, REDMOND OR 97756
Brian Paul Schaffner	officer: Chief Financial Officer	2025 SW DEERHOUND AVE, REDMOND OR 97756
David Leigh Hendrickson	director	2025 SW DEERHOUND AVE, REDMOND OR 97756
Steve Shum	director	9025 SW HILLMAN COURT, SUITE 3126, WILSONVILLE OR 97070
George Lefevre	director	18101 VON KARMAN AVENUE, SUITE 330, IRVINE CA 96212