Zeo Energy (Zeo Energy) Receivables Turnover : 3.76 (As of Mar. 2024)

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What is Zeo Energy 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. Zeo Energy's Revenue for the three months ended in Mar. 2024 was $19.49 Mil. Zeo Energy's average Accounts Receivable for the three months ended in Mar. 2024 was $5.18 Mil. Hence, Zeo Energy's Receivables Turnover for the three months ended in Mar. 2024 was 3.76.

Zeo Energy Receivables Turnover Historical Data

The historical data trend for Zeo Energy'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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Zeo Energy Receivables Turnover Chart

Zeo Energy Annual Data

Trend

Dec21

Dec22

Dec23

Receivables Turnover

63.05

186.51

62.27

Zeo Energy Quarterly Data
	Dec21	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial			40.59	33.21	5.59	4.79	3.76

Competitive Comparison of Zeo Energy's Receivables Turnover

For the Solar subindustry, Zeo Energy'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.

Zeo Energy's Receivables Turnover Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Zeo Energy's Receivables Turnover distribution charts can be found below:

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

Zeo Energy Receivables Turnover Calculation

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

Zeo Energy'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 )
=	110.067	/ (	(0.564	+	2.971)	/	2 )
=	110.067	/	1.7675
=	62.27

Zeo Energy'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 )
=	19.488	/ (	(2.971	+	7.392)	/	2 )
=	19.488	/	5.1815
=	3.76

Zeo Energy (NAS:ZEO) 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.

Zeo Energy Receivables Turnover Related Terms

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Zeo Energy (Zeo Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Zeo Energy Corp (NAS:ZEO) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

7625 little Road, Suite 200A, New Port Richley, FL, USA, 34654

Website

Zeo Energy Corp is a vertically integrated provider of residential solar energy systems, other energy efficient equipment and related services currently serving customers in Florida, Texas, Arkansas and Missouri.