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Lena Lighting (WAR:LEN) Receivables Turnover : 0.97 (As of Mar. 2024)


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What is Lena Lighting 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. Lena Lighting's Revenue for the three months ended in Mar. 2024 was zł33.4 Mil. Lena Lighting's average Accounts Receivable for the three months ended in Mar. 2024 was zł34.6 Mil. Hence, Lena Lighting's Receivables Turnover for the three months ended in Mar. 2024 was 0.97.


Lena Lighting Receivables Turnover Historical Data

The historical data trend for Lena Lighting'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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Lena Lighting Receivables Turnover Chart

Lena Lighting Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.97 4.87 4.62 4.55 4.43

Lena Lighting 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.06 1.11 1.18 1.27 0.97

Competitive Comparison of Lena Lighting's Receivables Turnover

For the Electrical Equipment & Parts subindustry, Lena Lighting'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.


Lena Lighting's Receivables Turnover Distribution in the Industrial Products Industry

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

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



Lena Lighting Receivables Turnover Calculation

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

Lena Lighting'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 )
=166.628 / ((39.354 + 35.83) / 2 )
=166.628 / 37.592
=4.43

Lena Lighting'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 )
=33.408 / ((35.83 + 33.325) / 2 )
=33.408 / 34.5775
=0.97

* 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.


Lena Lighting  (WAR:LEN) 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.


Lena Lighting Receivables Turnover Related Terms

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Lena Lighting (WAR:LEN) Business Description

Traded in Other Exchanges
N/A
Address
ul. Kornicka 52, Sroda Wielkopolska, POL, 63-000
Lena Lighting SA is a Poland based producer of professional, investment light fittings. Its products include surface-mounted wall and ceiling fitting for use with fluorescent tubes; one-sided and double-sided evacuation lighting fittings.