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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. Lightning eMotors's Revenue for the three months ended in Sep. 2023 was $12.37 Mil. Lightning eMotors's average Accounts Receivable for the three months ended in Sep. 2023 was $9.20 Mil. Hence, Lightning eMotors's Receivables Turnover for the three months ended in Sep. 2023 was 1.34.
The historical data trend for Lightning eMotors'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.
Lightning eMotors Annual Data | |||||||||
Trend | Dec19 | Dec20 | Dec21 | Dec22 | |||||
Receivables Turnover | 2.86 | 3.48 | 3.16 | 2.56 |
Lightning eMotors Quarterly Data | |||||||||||||||
Dec19 | Mar20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | |
Receivables Turnover | Get a 7-Day Free Trial | 1.30 | 0.43 | 0.13 | 0.81 | 1.34 |
For the Farm & Heavy Construction Machinery subindustry, Lightning eMotors'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.
For the Farm & Heavy Construction Machinery industry and Industrials sector, Lightning eMotors's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Lightning eMotors's Receivables Turnover falls into.
Receivables Turnover measures the number of times a company collects its average accounts receivable balance.
Lightning eMotors'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 ) |
= | 24.413 | / ( | (9.172 | + | 9.899) | / | 2 ) |
= | 24.413 | / | 9.5355 | ||||
= | 2.56 |
Lightning eMotors's Receivables Turnover for the quarter that ended in Sep. 2023 is calculated as
Receivables Turnover (Q: Sep. 2023 ) | |||||||
= | Revenue | / | Average Total Inventories | ||||
= | Revenue (Q: Sep. 2023 ) | / ( | (Accounts Receivable (Q: Jun. 2023 ) | + | Accounts Receivable (Q: Sep. 2023 )) | / | count ) |
= | 12.366 | / ( | (8.66 | + | 9.747) | / | 2 ) |
= | 12.366 | / | 9.2035 | ||||
= | 1.34 |
* 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.
Lightning eMotors (OTCPK:ZEVY) 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.
Thank you for viewing the detailed overview of Lightning eMotors's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
Rosella Holdings Ltd | 10 percent owner | TRAFALGAR COURT, 3RD FLOOR, WEST WING, LES BANQUES, ST PETER PORT Y7 GY1 2JA |
David Agatston | officer: Chief Financial Officer | C/O LIGHTNING EMOTORS, INC., 815 14TH STREET SW, SUITE A100, LOVELAND CO 80537 |
Wanda Jackson-davis | director | C/O LIGHTNING EMOTORS, INC., 815 14TH STREET SW, SUITE A100, LOVELAND CO 80537 |
Shashi Seth | officer: Chief Revenue Officer | 3080 SOUTH CT, PALO ALTO CA 94306 |
Jack Kenneth P. Jr. | director | 815 14TH STREET SW, SUITE A100, LOVELAND CO 80537 |
Robert Fenwick-smith | director | C/O LIGHTNING EMOTORS, INC., 815 14TH STREET SW, SUITE A100, LOVELAND CO 80537 |
Bruce Coventry | director | C/O LIGHTNING EMOTORS, INC., 815 14TH STREET SW, SUITE A100, LOVELAND CO 80537 |
Timothy Reeser | director, officer: Chief Executive Officer | C/O LIGHTNING EMOTORS, INC., 815 14TH STREET SW, SUITE A100, LOVELAND CO 80537 |
Teresa Covington | officer: Chief Financial Officer | C/O AEROVIRONMENT, INC., 181 W. HUNTINGTON DR., SUITE 202, MONROVIA CA 91016 |
Raluca Dinu | director | C/O GIGCAPITAL2, INC., 2479 E. BAYSHORE RD., SUITE 200, PALO ALTO CA 94303 |
Diana D Tremblay | director | 2111 NORTH MOLTER ROAD, LIBERTY LAKE WA 99019 |
Thaddeus Senko | director | C/O AUTOLIV, INC., KLARABERGSVIADUKTEN 70, SECTION B7, STOCKHOLM V7 SE-11164 |
Andrea Betti-berutto | other: former director | C/O GIGCAPITAL3, INC., 1731 EMBARCADERO RD., SUITE 200, PALO ALTO CA 94303 |
Peter S Wang | other: former director | GIGCAPITAL, INC., 3000 EL CAMINO REAL, BLDG 4, SUITE 232, PALO ALTO CA 94306 |
John J Mikulsky | other: former director | C/O KALEYRA, INC., 1731 EMBARCADERO ROAD, SUITE 200, PALO ALTO CA 94303 |
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