Lhyfe (XPAR:LHYFE) Receivables Turnover : 5.09 (As of Jun. 2023)

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What is Lhyfe 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. Lhyfe's Revenue for the six months ended in Jun. 2023 was €0.39 Mil. Lhyfe's average Accounts Receivable for the six months ended in Jun. 2023 was €0.08 Mil. Hence, Lhyfe's Receivables Turnover for the six months ended in Jun. 2023 was 5.09.

Lhyfe Receivables Turnover Historical Data

The historical data trend for Lhyfe'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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Lhyfe Receivables Turnover Chart

Lhyfe Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Receivables Turnover

0.93

4.45

Lhyfe Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Receivables Turnover	Get a 7-Day Free Trial			-	0.93	1.57	3.15	5.09

Competitive Comparison of Lhyfe's Receivables Turnover

For the Specialty Chemicals subindustry, Lhyfe'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.

Lhyfe's Receivables Turnover Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Lhyfe's Receivables Turnover distribution charts can be found below:

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

Lhyfe Receivables Turnover Calculation

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

Lhyfe'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 )
=	0.57	/ (	(0.211	+	0.045)	/	2 )
=	0.57	/	0.128
=	4.45

Lhyfe's Receivables Turnover for the quarter that ended in Jun. 2023 is calculated as

	Receivables Turnover (Q: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2023 )	/ (	(Accounts Receivable (Q: Dec. 2022 )	+	Accounts Receivable (Q: Jun. 2023 ))	/	count )
=	0.387	/ (	(0.045	+	0.107)	/	2 )
=	0.387	/	0.076
=	5.09

Lhyfe (XPAR:LHYFE) 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.

Lhyfe Receivables Turnover Related Terms

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Lhyfe (XPAR:LHYFE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Lhyfe SA (XPAR:LHYFE) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

LHYFF:USA F1B:Germany

Address

30 Rue Jean Jaures, Nantes, FRA, 44000

Website

https://www.lhyfe.com

Lhyfe SA is engaged in the production of green hydrogen for mobility and industry. The company designs, builds and exploits its green hydrogen production sites, which have the particularity of being directly connected to the various available renewable energy sources. The Group addresses two priority markets, which are among the emitters of greenhouse gases: the heavy mobility sector (trucks, buses, trains and in the long term, maritime and air transport) as well as (ii) the industry sector, among which chemistry (production of ammonia, methanol, etc.), steel production and glass production are priority targets.

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