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Porvair (Porvair) Receivables Turnover : 3.70 (As of Nov. 2023)


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What is Porvair 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. Porvair's Revenue for the six months ended in Nov. 2023 was $106.3 Mil. Porvair's average Accounts Receivable for the six months ended in Nov. 2023 was $28.8 Mil. Hence, Porvair's Receivables Turnover for the six months ended in Nov. 2023 was 3.70.


Porvair Receivables Turnover Historical Data

The historical data trend for Porvair'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.

Porvair Receivables Turnover Chart

Porvair Annual Data
Trend Nov14 Nov15 Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.79 6.64 7.63 7.73 8.60

Porvair Semi-Annual Data
May14 Nov14 May15 Nov15 May16 Nov16 May17 Nov17 May18 Nov18 May19 Nov19 May20 Nov20 May21 Nov21 May22 Nov22 May23 Nov23
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 3.57 3.35 3.46 3.83 3.70

Competitive Comparison of Porvair's Receivables Turnover

For the Pollution & Treatment Controls subindustry, Porvair'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.


Porvair's Receivables Turnover Distribution in the Industrial Products Industry

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

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



Porvair Receivables Turnover Calculation

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

Porvair's Receivables Turnover for the fiscal year that ended in Nov. 2023 is calculated as

Receivables Turnover (A: Nov. 2023 )
=Revenue / Average Total Inventories
=Revenue (A: Nov. 2023 ) / ((Accounts Receivable (A: Nov. 2022 ) + Accounts Receivable (A: Nov. 2023 )) / count )
=218.922 / ((26.212 + 24.705) / 2 )
=218.922 / 25.4585
=8.60

Porvair's Receivables Turnover for the quarter that ended in Nov. 2023 is calculated as

Receivables Turnover (Q: Nov. 2023 )
=Revenue / Average Total Inventories
=Revenue (Q: Nov. 2023 ) / ((Accounts Receivable (Q: May. 2023 ) + Accounts Receivable (Q: Nov. 2023 )) / count )
=106.295 / ((32.806 + 24.705) / 2 )
=106.295 / 28.7555
=3.70

* 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.


Porvair  (OTCPK:PVARF) 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.


Porvair Receivables Turnover Related Terms

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Porvair (Porvair) Business Description

Traded in Other Exchanges
Address
7 Regis Place, Bergen Way, King's Lynn, Norfolk, GBR, PE30 2JN
Porvair PLC is an environmental treatment control company. It develops filtration solutions to be used by various types of industries. The company caters to its clients through three divisions, Aerospace and Industrial, Laboratory and Metal Melt Quality. Aerospace and Industrial Division is a key revenue generator, designs and manufactures specialist filtration equipment for application in aerospace, energy, bioscience, water and industrial applications. Laboratory Division designs and manufactures instruments and consumables for use in environmental and bioscience laboratories. Metal Melt Quality Division designs and manufactures porous ceramic filters for the filtration of molten metals. The company generates majority of its manufacturing revenue from sales in the United States.

Porvair (Porvair) Headlines

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