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Environmental Tectonics (Environmental Tectonics) Receivables Turnover : 1.93 (As of Aug. 2023)


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What is Environmental Tectonics 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. Environmental Tectonics's Revenue for the six months ended in Aug. 2023 was $16.68 Mil. Environmental Tectonics's average Accounts Receivable for the six months ended in Aug. 2023 was $8.64 Mil. Hence, Environmental Tectonics's Receivables Turnover for the six months ended in Aug. 2023 was 1.93.


Environmental Tectonics Receivables Turnover Historical Data

The historical data trend for Environmental Tectonics'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.

Environmental Tectonics Receivables Turnover Chart

Environmental Tectonics Annual Data
Trend Feb05 Feb06 Feb07 Feb08 Feb09 Feb10 Feb11 Feb12 Feb22 Feb23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.76 5.02 8.60 2.22 5.31

Environmental Tectonics Semi-Annual Data
Feb05 Aug05 Feb06 Aug06 Feb07 Aug07 Feb08 Aug08 Feb09 Aug09 Feb10 Aug10 Feb11 Aug11 Feb12 Aug12 Feb22 Aug22 Feb23 Aug23
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 3.80 - 1.69 4.54 1.93

Competitive Comparison of Environmental Tectonics's Receivables Turnover

For the Aerospace & Defense subindustry, Environmental Tectonics'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.


Environmental Tectonics's Receivables Turnover Distribution in the Aerospace & Defense Industry

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

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



Environmental Tectonics Receivables Turnover Calculation

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

Environmental Tectonics's Receivables Turnover for the fiscal year that ended in Feb. 2023 is calculated as

Receivables Turnover (A: Feb. 2023 )
=Revenue / Average Total Inventories
=Revenue (A: Feb. 2023 ) / ((Accounts Receivable (A: Feb. 2022 ) + Accounts Receivable (A: Feb. 2023 )) / count )
=26.345 / ((6.573 + 3.352) / 2 )
=26.345 / 4.9625
=5.31

Environmental Tectonics's Receivables Turnover for the quarter that ended in Aug. 2023 is calculated as

Receivables Turnover (Q: Aug. 2023 )
=Revenue / Average Total Inventories
=Revenue (Q: Aug. 2023 ) / ((Accounts Receivable (Q: Feb. 2023 ) + Accounts Receivable (Q: Aug. 2023 )) / count )
=16.683 / ((3.352 + 13.937) / 2 )
=16.683 / 8.6445
=1.93

* 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.


Environmental Tectonics  (OTCPK:ETCC) 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.


Environmental Tectonics Receivables Turnover Related Terms

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Environmental Tectonics (Environmental Tectonics) Business Description

Traded in Other Exchanges
N/A
Address
125 James Way, Southampton, PA, USA, 18966
Environmental Tectonics Corp is an environmental simulation company that provides training equipment, emergency response training simulators, and commercial equipment for the automotive, healthcare, and medical device industries. It operates in two primary business segments, Aerospace Solutions, and Commercial/Industrial Systems (CIS). Aerospace encompasses the design, manufacture, and sale of aircrew training systems products; altitude (hypobaric) chambers; hyperbaric chambers as well as integrated logistics support. CIS encompasses the design, manufacture, and sale of steam and gas sterilizers, environmental testing and simulation devices, and hyperbaric chambers. Aerospace Solutions segment is the major revenue contributor to the company.
Executives
William F Mitchell director, officer: CEO and President 125 JAMES WAY, SOUTHAMPTON PA 18966
George A Sawyer director 404 N. UNION ST., ALEXANDRIA VA 22314
Harold Fitzgerald Lenfest director, 10 percent owner 300 BARR HARBOR DRIVE, SUITE 460, WEST CONSHOHOCKEN PA 19428
Michael Malone director 191 OTTO STREET, PORT TOWNSEND WA 98368
Laurent Robert L Jr officer: Chief Financial Officer P O BOX 813, LIBERTY CORNER NJ 07938
Mark Prudenti other: Corporate Controller C/O ENVIRONMENTAL TECTONICS CORPORATION, 125 JAMES WAY, SOUTHAMPTON PA 18966
Linda J Brent director C/O ENVIRONMENTAL TECTONICS CORPORATION, 125 JAMESWAY, SOUTHAMPTON PA 18966
Winston E Scott director C/O ENVIRONMENTAL TECTONICS CORPORATION, 125 JAMESWAY, SOUTHAMPTON PA 18966
Duane D. Deaner officer: Chief Financial Officer C/O ENVIRONMENTAL TECTONICS CORPORATION, 125 JAMESWAY, SOUTHAMPTON PA 18966
James D. Cashel officer: General Counsel C/O ENVIRONMENTAL TECTONICS CORPORATION, 125 JAMESWAY, SOUTHAMPTON PA 18966
Thomas G Loughlin officer: Chief Operating Officer C/O ENVIRONMENTAL TECTONICS CORPORATION, 125 JAMESWAY, SOUTHAMPTON PA 18966
Mitchell William F Jr. officer: VP, Contracts and Purchasing C/O ENVIRONMENTAL TECTONICS CORPORATION, 125 JAMESWAY, SOUTHAMPTON PA 18966
Stephen F Ryan director C/O ENVIRONMENTAL TECTONICS CORP., 125 JAMES WAY, SOUTHAMPTON PA 18966
Alan Mark Gemmill director 941 UPPER HASTINGS WAY, VIRGINIA BEACH VA 23452
George K Anderson director 125 JAMESWAY SOUTH, HAMPTON PA 18966

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