Detrex (Detrex) Receivables Turnover : 1.80 (As of Sep. 2017)

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What is Detrex 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. Detrex's Revenue for the three months ended in Sep. 2017 was $8.91 Mil. Detrex's average Accounts Receivable for the three months ended in Sep. 2017 was $4.95 Mil. Hence, Detrex's Receivables Turnover for the three months ended in Sep. 2017 was 1.80.

Detrex Receivables Turnover Historical Data

The historical data trend for Detrex'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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Detrex Receivables Turnover Chart

Detrex Annual Data

Trend

Dec01

Dec02

Dec03

Dec04

Dec05

Dec06

Dec13

Dec14

Dec15

Dec16

Receivables Turnover

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9.48

9.03

8.72

8.74

Detrex Quarterly Data
	Mar06	Jun06	Sep06	Dec06	Mar07	Jun07	Dec13	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17
Receivables Turnover	Get a 7-Day Free Trial															1.99	2.01	2.23	2.03	1.80

Competitive Comparison of Detrex's Receivables Turnover

For the Specialty Chemicals subindustry, Detrex'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.

Detrex's Receivables Turnover Distribution in the Chemicals Industry

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

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

Detrex Receivables Turnover Calculation

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

Detrex's Receivables Turnover for the fiscal year that ended in Dec. 2016 is calculated as

	Receivables Turnover (A: Dec. 2016 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2016 )	/ (	(Accounts Receivable (A: Dec. 2015 )	+	Accounts Receivable (A: Dec. 2016 ))	/	count )
=	37.524	/ (	(4.219	+	4.368)	/	2 )
=	37.524	/	4.2935
=	8.74

Detrex's Receivables Turnover for the quarter that ended in Sep. 2017 is calculated as

	Receivables Turnover (Q: Sep. 2017 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2017 )	/ (	(Accounts Receivable (Q: Jun. 2017 )	+	Accounts Receivable (Q: Sep. 2017 ))	/	count )
=	8.91	/ (	(5.247	+	4.66)	/	2 )
=	8.91	/	4.9535
=	1.80

Detrex (OTCPK:DTRX) 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.

Detrex Receivables Turnover Related Terms

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Detrex (Detrex) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Detrex Corp (OTCPK:DTRX) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

Website

http://www.detrex.com

Detrex Corp manufactures specialty chemicals including petroleum additives and high purity hydrochloric acid through its wholly owned subsidiary, The Elco Corporation (Elco). It sells primarily to petrochemicals and industrial manufacturing companies. Elco's lubricant additives are used for enhancing the properties of hydraulic oils, metalworking fluids, gear oils, greases, and fuels. Elco's products are manufactured in Cleveland, Ohio and Ashtabula, Ohio and sold domestically through a direct sales force and globally through agents and distributors.

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