AirBoss of America (AirBoss of America) Receivables Turnover : 1.23 (As of Dec. 2023)

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What is AirBoss of America 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. AirBoss of America's Revenue for the three months ended in Dec. 2023 was $92.7 Mil. AirBoss of America's average Accounts Receivable for the three months ended in Dec. 2023 was $75.6 Mil. Hence, AirBoss of America's Receivables Turnover for the three months ended in Dec. 2023 was 1.23.

AirBoss of America Receivables Turnover Historical Data

The historical data trend for AirBoss of America'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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AirBoss of America Receivables Turnover Chart

AirBoss of America Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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5.34

7.52

8.03

5.52

5.21

AirBoss of America Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															1.31	1.22	1.22	1.22	1.23

Competitive Comparison of AirBoss of America's Receivables Turnover

For the Specialty Chemicals subindustry, AirBoss of America'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.

AirBoss of America's Receivables Turnover Distribution in the Chemicals Industry

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

* The bar in red indicates where AirBoss of America's Receivables Turnover falls into.

AirBoss of America Receivables Turnover Calculation

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

AirBoss of America'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 )
=	426.025	/ (	(92.642	+	71.042)	/	2 )
=	426.025	/	81.842
=	5.21

AirBoss of America's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Sep. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	92.696	/ (	(80.226	+	71.042)	/	2 )
=	92.696	/	75.634
=	1.23

AirBoss of America (OTCPK:ABSSF) 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.

AirBoss of America Receivables Turnover Related Terms

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AirBoss of America (AirBoss of America) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » AirBoss of America Corp (OTCPK:ABSSF) » Definitions » Receivables Turnover

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Traded in Other Exchanges

2S1:Germany BOS:Canada

Address

16441 Yonge Street, Newmarket, ON, CAN, L3X 2G8

Website

https://www.airboss.com

AirBoss of America Corp is a Canada-based manufacturer of rubber-based products for the resource, military, automotive and industrial markets. It operates in three segments, 1) The Rubber Solutions segment includes the manufacturing and distribution of rubber compounds and distribution of rubber compounding-related chemicals. 2) The Engineered Products segment includes the manufacture and distribution of anti-noise, vibration, and harshness dampening parts. 3) The AirBoss Defense Group is engaged in the manufacturing and distributing of personal protection and safety products and the manufacture of semi-finished rubber-related products. The Company operates manufacturing facilities and sales offices in the United States and Canada, selling in North American markets.