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. United-Guardian's Revenue for the
three
months ended in Dec. 2023 was $2.61 Mil. United-Guardian's average Accounts Receivable for the
three
months ended in Dec. 2023 was $1.69 Mil.
Hence, United-Guardian's Receivables Turnover for the
three
months ended in Dec. 2023 was 1.54.
United-Guardian Receivables Turnover Historical Data
The historical data trend for United-Guardian'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.
Competitive Comparison of United-Guardian's Receivables Turnover
For the Household & Personal Products subindustry, United-Guardian'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.
United-Guardian's Receivables Turnover Distribution in the Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, United-Guardian's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where United-Guardian's Receivables Turnover falls into.
United-Guardian Receivables Turnover Calculation
Receivables Turnover measures the number of times a company collects its average accounts receivable balance.
United-Guardian's Receivables Turnover for the fiscal year that ended in Dec. 2023 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.
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.
United-Guardian Receivables Turnover Related Terms
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United-Guardian (United-Guardian) Business Description
United-Guardian Inc manufactures and markets cosmetic ingredients, pharmaceuticals, medical lubricants, and specialty industrial products. Its product portfolio includes Klensoft, Deselex, Renacidin, Lubrajel Fluid and others. The company's pharmaceutical products are sold to and distributed by full-line drug wholesalers throughout the United States. Its medical and specialty industrial products are sold directly by the company to the end-users of those products or, in some cases, to contract manufacturers used by some of those end users. It derives key revenue from the sales made in the U.S.
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