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. Plug Power's Revenue for the
three
months ended in Dec. 2023 was $222.2 Mil. Plug Power's average Accounts Receivable for the
three
months ended in Dec. 2023 was $203.5 Mil.
Hence, Plug Power's Receivables Turnover for the
three
months ended in Dec. 2023 was 1.09.
Plug Power Receivables Turnover Historical Data
The historical data trend for Plug Power'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.
Competitive Comparison of Plug Power's Receivables Turnover
For the Electrical Equipment & Parts subindustry, Plug Power'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.
Plug Power's Receivables Turnover Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, Plug Power's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Plug Power's Receivables Turnover falls into.
Plug Power Receivables Turnover Calculation
Receivables Turnover measures the number of times a company collects its average accounts receivable balance.
Plug Power's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
Plug Power (NAS:PLUG) 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.
Plug Power Receivables Turnover Related Terms
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Plug Power is building an end-to-end green hydrogen ecosystem—from production, storage and delivery to energy generation. The company plans to build and operate green hydrogen highways across North America and Europe. Plug will deliver its green hydrogen solutions directly to its customers and through joint venture partners into multiple end markets—including material handling, e-mobility, power generation, and industrial applications.
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