Aeris Industria E Comercio de Equipamentos para Geracao de Energia (BSP:AERI3) Receivables Turnover : 0.77 (As of Mar. 2024)

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What is Aeris Industria E Comercio de Equipamentos para Geracao de Energia 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. Aeris Industria E Comercio de Equipamentos para Geracao de Energia's Revenue for the three months ended in Mar. 2024 was R$515 Mil. Aeris Industria E Comercio de Equipamentos para Geracao de Energia's average Accounts Receivable for the three months ended in Mar. 2024 was R$673 Mil. Hence, Aeris Industria E Comercio de Equipamentos para Geracao de Energia's Receivables Turnover for the three months ended in Mar. 2024 was 0.77.

Aeris Industria E Comercio de Equipamentos para Geracao de Energia Receivables Turnover Historical Data

The historical data trend for Aeris Industria E Comercio de Equipamentos para Geracao de Energia'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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Aeris Industria E Comercio de Equipamentos para Geracao de Energia Receivables Turnover Chart

Aeris Industria E Comercio de Equipamentos para Geracao de Energia Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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10.70

13.86

14.33

4.88

3.18

Aeris Industria E Comercio de Equipamentos para Geracao de Energia Quarterly Data
	Mar19	Jun19	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															0.61	-	1.10	0.34	0.77

Competitive Comparison of Aeris Industria E Comercio de Equipamentos para Geracao de Energia's Receivables Turnover

For the Specialty Industrial Machinery subindustry, Aeris Industria E Comercio de Equipamentos para Geracao de Energia'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.

Aeris Industria E Comercio de Equipamentos para Geracao de Energia's Receivables Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Aeris Industria E Comercio de Equipamentos para Geracao de Energia's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Aeris Industria E Comercio de Equipamentos para Geracao de Energia's Receivables Turnover falls into.

Aeris Industria E Comercio de Equipamentos para Geracao de Energia Receivables Turnover Calculation

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

Aeris Industria E Comercio de Equipamentos para Geracao de Energia'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 )
=	2831.915	/ (	(1066.348	+	713.4)	/	2 )
=	2831.915	/	889.874
=	3.18

Aeris Industria E Comercio de Equipamentos para Geracao de Energia'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 )
=	515.445	/ (	(713.4	+	633.296)	/	2 )
=	515.445	/	673.348
=	0.77

Aeris Industria E Comercio de Equipamentos para Geracao de Energia (BSP:AERI3) 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.

Aeris Industria E Comercio de Equipamentos para Geracao de Energia Receivables Turnover Related Terms

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Aeris Industria E Comercio de Equipamentos para Geracao de Energia (BSP:AERI3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Aeris Industria E Comercio de Equipamentos para Geracao de Energia SA (BSP:AERI3) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Rod. CE-155, km 02, Pecém Industrial and Port Complex, Caucaia, CE, BRA, 61680-000

Website

https://www.aerisenergy.com.br

Aeris Industria E Comercio de Equipamentos para Geracao de Energia SA operates in the renewable energy sector. The company is engaged in the manufacture of wind blades. Also, the company provides inspection, maintenance, and other after-sales services. The factory is located in the Northeast region of Brazil, near the city of Fortaleza, Ceara.

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