The Eastern Co (The Eastern Co) Receivables Turnover : 1.68 (As of Dec. 2023)

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What is The Eastern Co 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. The Eastern Co's Revenue for the three months ended in Dec. 2023 was $67.0 Mil. The Eastern Co's average Accounts Receivable for the three months ended in Dec. 2023 was $39.9 Mil. Hence, The Eastern Co's Receivables Turnover for the three months ended in Dec. 2023 was 1.68.

The Eastern Co Receivables Turnover Historical Data

The historical data trend for The Eastern Co'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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The Eastern Co Receivables Turnover Chart

The Eastern Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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7.38

5.67

6.58

6.49

6.84

The Eastern Co 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															1.47	1.66	1.58	1.55	1.68

Competitive Comparison of The Eastern Co's Receivables Turnover

For the Tools & Accessories subindustry, The Eastern Co'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.

The Eastern Co's Receivables Turnover Distribution in the Industrial Products Industry

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

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

The Eastern Co Receivables Turnover Calculation

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

The Eastern Co'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 )
=	273.455	/ (	(42.886	+	37.057)	/	2 )
=	273.455	/	39.9715
=	6.84

The Eastern Co'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 )
=	66.986	/ (	(42.839	+	37.057)	/	2 )
=	66.986	/	39.948
=	1.68

The Eastern Co (NAS:EML) 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.

The Eastern Co Receivables Turnover Related Terms

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The Eastern Co (The Eastern Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » The Eastern Co (NAS:EML) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

3 Enterprise Drive, Suite 408, Shelton, CT, USA, 06484

Website

https://www.easterncompany.com

The Eastern Co manages industrial businesses that design, manufacture and sell engineered solutions to industrial markets. It operates in United States and Other Countries, and generates majority of the revenue from United States.

Executives

Frederick D. Disanto	director	6060 PARKLAND, SUITE 200, CLEVELAND OH 44124
Mark Anthony Hernandez	director	112 BRIDGE STREET, NAUGATUCK CT 06770
Michael J Mardy	director
Charles W Henry	director	62 TUNXIS VILLAGE, FARMINGTON CT 06032
James A Mitarotonda	director, 10 percent owner	888 SEVENTH AVENUE 17TH FL, NEW YORK NY 10019
Nicholas Alec Vlahos	officer: Chief Financial Officer	3 ENTERPRISE DRIVE SUITE 408, SHELTON CT 06484
Peter S. O'hara	officer: Chief Financial Officer	112 BRIDGE STREET, NAUGATUCK CT 06770
Barington Capital Group L P	director, 10 percent owner	888 SEVENTH AVENUE, 6TH FLOOR, NEW YORK NY 10019
Barington Companies Equity Partners L P	director, 10 percent owner	888 SEVENTH AVENUE, 6TH FLOOR, NEW YORK NY 10019
Barington Companies Investors, Llc	director, 10 percent owner	C/O BARINGTON CAPITAL GROUP, L.P., 888 SEVENTH AVENUE, 17TH FLOOR, NEW YORK NY 10019
James P. Woidke	officer: Chief Operating Officer	112 BRIDGE STREET, NAUGATUCK CT 06770
Sullivan John L Iii	officer: VP, Sect'y and Treas	13 CEDAR DRIVE, CROMWELL CT 06416
August M. Vlak	officer: President & CEO	112 BRIDGE STREET, NAUGATUCK CT 06770
Peggy Scott	director	15438 NORTH FLORIDA AVENUE, SUITE 201, TAMPA FL 33613
Angelo Labbadia	officer: Vice President & COO	230 SYCAMORE DRIVE, PROSPECT CT 06712