Northern Technologies International (Northern Technologies International) Receivables Turnover : 1.36 (As of Feb. 2024)

Northern Technologies International Receivables Turnover Chart

Northern Technologies International Annual Data
	Trend	Aug14	Aug15	Aug16	Aug17	Aug18	Aug19	Aug20	Aug21	Aug22	Aug23
Receivables Turnover		Get a 7-Day Free Trial					5.24	4.97	5.57	5.58	5.21

Northern Technologies International Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Receivables Turnover	Get a 7-Day Free Trial															1.17	1.30	1.30	1.31	1.36

Competitive Comparison of Northern Technologies International's Receivables Turnover

For the Specialty Chemicals subindustry, Northern Technologies International'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.

Northern Technologies International's Receivables Turnover Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Northern Technologies International's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Northern Technologies International's Receivables Turnover falls into.

Northern Technologies International Receivables Turnover Calculation

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

Northern Technologies International's Receivables Turnover for the fiscal year that ended in Aug. 2023 is calculated as

Northern Technologies International's Receivables Turnover for the quarter that ended in Feb. 2024 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.

Northern Technologies International  (NAS:NTIC) 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.

Northern Technologies International Receivables Turnover Related Terms

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Northern Technologies International (Northern Technologies International) Business Description