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. US Concrete's Revenue for the
three
months ended in Jun. 2021 was $327 Mil. US Concrete's average Accounts Receivable for the
three
months ended in Jun. 2021 was $192 Mil.
Hence, US Concrete's Receivables Turnover for the
three
months ended in Jun. 2021 was 1.71.
US Concrete Receivables Turnover Historical Data
The historical data trend for US Concrete'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.
Competitive Comparison of US Concrete's Receivables Turnover
For the Building Materials subindustry, US Concrete'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.
US Concrete's Receivables Turnover Distribution in the Building Materials Industry
For the Building Materials industry and Basic Materials sector, US Concrete's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where US Concrete's Receivables Turnover falls into.
US Concrete Receivables Turnover Calculation
Receivables Turnover measures the number of times a company collects its average accounts receivable balance.
US Concrete's Receivables Turnover for the fiscal year that ended in Dec. 2020 is calculated as
* 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.
US Concrete (NAS:USCR) 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.
US Concrete Receivables Turnover Related Terms
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U.S. Concrete sells ready-mixed concrete in several major markets in the United States, primarily in Texas, northern California, and the New York metro area. While U.S. Concrete also produces aggregates in some of its markets and has made more acquisitions in this area in recent years, the company primarily uses its aggregates production internally for its ready-mixed concrete operations. During 2020, U.S. Concrete sold approximately 8.2 million cubic yards of ready-mixed concrete and approximately 12.6 million tons of aggregates.
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