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CirTran (CirTran) Receivables Turnover : 16.50 (As of Mar. 2024)


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What is CirTran 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. CirTran's Revenue for the three months ended in Mar. 2024 was $0.43 Mil. CirTran's average Accounts Receivable for the three months ended in Mar. 2024 was $0.03 Mil. Hence, CirTran's Receivables Turnover for the three months ended in Mar. 2024 was 16.50.


CirTran Receivables Turnover Historical Data

The historical data trend for CirTran'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.

CirTran Receivables Turnover Chart

CirTran Annual Data
Trend Dec11 Dec12 Dec13 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 101.94 25.53 12.50 38.02

CirTran 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 4.06 4.94 5.08 1.98 16.50

Competitive Comparison of CirTran's Receivables Turnover

For the Conglomerates subindustry, CirTran'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.


CirTran's Receivables Turnover Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, CirTran's Receivables Turnover distribution charts can be found below:

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



CirTran Receivables Turnover Calculation

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

CirTran'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 )
=1.616 / ((0.063 + 0.022) / 2 )
=1.616 / 0.0425
=38.02

CirTran'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 )
=0.429 / ((0.022 + 0.03) / 2 )
=0.429 / 0.026
=16.50

* 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.


CirTran  (OTCPK:CIRX) 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.


CirTran Receivables Turnover Related Terms

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CirTran (CirTran) Business Description

Traded in Other Exchanges
N/A
Address
6360 S Pecos Road, Suite 8, Las Vegas, NV, USA, 89120
CirTran Corp offers diversified expertise in manufacturing, marketing, distribution, and technology services in a wide variety of consumer products, including tobacco products, and medical devices. The company operates under the brand name-HUSTLER and it sells products like condoms, electronic cigarettes, electronic cigars, cigars, hookahs, hookah tobacco, energy drinks, water beverages etc.
Executives
Shaher Hawatmeh officer: Chief Operating Officer 4125 SOUTH 6000 WEST, WEST VALLEY CITY UT 84128
David Harmon officer: CHIEF FINANCIAL OFFICER 4125 SOUTH 6000 WEST, WEST VALLEY CITY UT 84128
Donald L Buehner director 4125 SOUTH 6000 WEST, WEST VALLEY CITY UT 84128
Trevor Saliba director, officer: Chief Marketing Officer 4125 SOUTH 6000 WEST, WEST VALLEY CITY UT 84128
Fadi Nora director 4125 SOUTH 6000 WEST, WEST VALLEY CITY UT 84128
Iehab J Hawatmeh director, officer: President & CEO 4125 SOUTH 6000 WEST, WEST VALLEY CITY UT 84128
Raed Hawatmeh director 4125 SOUTH 6000 WEST, WEST VALLEY CITY UT 84128
Richard T Ferrone officer: CFO 4125 SOUTH 6000 WEST, WEST VALLEY CITY UT 84128

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