Polar Power (Polar Power) Receivables Turnover : 1.20 (As of Mar. 2024)

View and export this data going back to 2016. Start your Free Trial

What is Polar Power 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. Polar Power's Revenue for the three months ended in Mar. 2024 was $1.78 Mil. Polar Power's average Accounts Receivable for the three months ended in Mar. 2024 was $1.48 Mil. Hence, Polar Power's Receivables Turnover for the three months ended in Mar. 2024 was 1.20.

Polar Power Receivables Turnover Historical Data

The historical data trend for Polar 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.

* Premium members only.

Polar Power Receivables Turnover Chart

Polar Power Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

Get a 7-Day Free Trial

5.73

8.50

6.22

4.96

7.83

Polar Power Quarterly Data
	Jun19	Sep19	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															1.54	1.61	0.72	2.21	1.20

Competitive Comparison of Polar Power's Receivables Turnover

For the Electrical Equipment & Parts subindustry, Polar 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.

Polar Power's Receivables Turnover Distribution in the Industrial Products Industry

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

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

Polar Power Receivables Turnover Calculation

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

Polar Power'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 )
=	15.293	/ (	(2.23	+	1.676)	/	2 )
=	15.293	/	1.953
=	7.83

Polar Power'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 )
=	1.775	/ (	(1.676	+	1.282)	/	2 )
=	1.775	/	1.479
=	1.20

Polar Power (NAS:POLA) 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.

Polar Power Receivables Turnover Related Terms

Thank you for viewing the detailed overview of Polar Power's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Polar Power (Polar Power) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Polar Power Inc (NAS:POLA) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

PPW:Germany

Address

249 East Gardena Boulevard, Gardena, CA, USA, 90248

Website

https://www.polarpower.com

Polar Power Inc is engaged in designing, manufacture, and sell DC power generators, renewable energy and cooling systems for applications primarily in the telecommunications market and, to a lesser extent, in other markets, including military, electric vehicle, marine and industrial. The company's products include DC generators, Back-up DC generators, hybrid power systems, Li-Ion battery systems, and Marine DC generators. The Companie's geographical presence is in United States, Canada, Mexico, South Pacific Islands, Japan, Europe and Middle East and Other Asia Pacific countries.

Executives

Keith Albrecht	director	249 E. GARDENA BOULEVARD, GARDENA CA 90248
Arthur D. Sams	director, 10 percent owner, officer: President, CEO, Secretary	249 E. GARDENA BOULEVARD, GARDENA CA 90248
Rajesh Masina	officer: Chief Operating Officer	249 E. GARDENA BOULEVARD, GARDENA CA 90248
Luis Zavala	officer: Chief Financial Officer	249 E. GARDENA BOULEVARD, GARDENA CA 90248
Peter Gross	director	249 E. GARDENA BLVD., GARDENA CA 90248
Matthew Goldman	director	249 E. GARDENA BOULEVARD, GARDENA CA 90248