GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Astrotech Corp (NAS:ASTC) » Definitions » Receivables Turnover

Astrotech (Astrotech) Receivables Turnover : 3.26 (As of Dec. 2023)


View and export this data going back to 1995. Start your Free Trial

What is Astrotech 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. Astrotech's Revenue for the three months ended in Dec. 2023 was $1.12 Mil. Astrotech's average Accounts Receivable for the three months ended in Dec. 2023 was $0.34 Mil. Hence, Astrotech's Receivables Turnover for the three months ended in Dec. 2023 was 3.26.


Astrotech Receivables Turnover Historical Data

The historical data trend for Astrotech'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.

Astrotech Receivables Turnover Chart

Astrotech Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 16.93 9.38 6.30 28.49 5.34

Astrotech 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 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 3.51 0.38 2.77 1.38 3.26

Competitive Comparison of Astrotech's Receivables Turnover

For the Aerospace & Defense subindustry, Astrotech'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.


Astrotech's Receivables Turnover Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Astrotech's Receivables Turnover distribution charts can be found below:

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



Astrotech Receivables Turnover Calculation

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

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

Receivables Turnover (A: Jun. 2023 )
=Revenue / Average Total Inventories
=Revenue (A: Jun. 2023 ) / ((Accounts Receivable (A: Jun. 2022 ) + Accounts Receivable (A: Jun. 2023 )) / count )
=0.75 / ((0.056 + 0.225) / 2 )
=0.75 / 0.1405
=5.34

Astrotech'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 )
=1.115 / ((0.391 + 0.294) / 2 )
=1.115 / 0.3425
=3.26

* 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.


Astrotech  (NAS:ASTC) 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.


Astrotech Receivables Turnover Related Terms

Thank you for viewing the detailed overview of Astrotech's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.


Astrotech (Astrotech) Business Description

Traded in Other Exchanges
Address
2105 Donley Drive, Suite 100, Austin, TX, USA, 78758
Astrotech Corp is a science and technology development company. The firm invents, acquires, and commercializes technological innovations sourced from internal research, universities, laboratories, and research institutions. The 1st Detect develops, manufactures, and sells chemical analyzers for use in the airport security, military, breath analysis markets. AgLAB develops a series of mass spectrometers for use in the agriculture market.
Executives
Robert N Mcfarland director C/O EZENIA, INC., 14 CELINA AVE, SUITE 17-18, NASHUA NH 03063
Russler Daniel T Jr director 2105 DONLEY DRIVE, SUITE 100, AUSTIN TX 78758
James Frank Becker director 283 HEMLOCK LANE, WEST CHICAGO IL 60185
Jaime Hinojosa officer: CFO 2028 E BEN WHITE BLVD STE 240-9530, AUSTIN TX 78741
Braden Michael Leonard 10 percent owner 156 S. FIRST STREET, ZIONSVILLE IN 46077
Thomas Wiley Wilkinson director 3 COLERIDGE LANE, AUSTIN TX 78746
Winn Interests, Ltd. 10 percent owner 800 N. SHORELINE, 1900 N. TOWER, CORPUS CHRISTI TX 78401
Mark Adams director 12130 HIGHWAY 3, BUILDING 1, WEBSTER TX 77598
William F Readdy director 12130 HIGHWAY 3, BUILDING 1, WEBSTER TX 77598
Ronald W Cantwell director 250 PARK AVE, SUITE 2020, NEW YORK NY 10017
Michael R. Humphrey director 401 CONGRESS AVE., SUITE 1650, AUSTIN TX 78701
Eric Stober officer: Chief Financial Officer 201 W. 5TH STREET, SUITE 1275, AUSTIN TX 78701
Pickens Thomas Boone Iii director, 10 percent owner, officer: Chief Executive Officer 12130 HIGHWAY 3, BLDG. 1, WEBSTER TX 77598
Sha-chelle Manning director 907 GEMINI STREET, HOUSTON TX 77058
Rajesh K Mellacheruvu officer: Chief Operating Officer 401 CONGRESS AVE, SUITE 1650, AUSTIN TX 78701