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Universal Security Instruments (Universal Security Instruments) Receivables Turnover : 6.34 (As of Dec. 2023)


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What is Universal Security Instruments 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. Universal Security Instruments's Revenue for the three months ended in Dec. 2023 was $4.66 Mil. Universal Security Instruments's average Accounts Receivable for the three months ended in Dec. 2023 was $0.73 Mil. Hence, Universal Security Instruments's Receivables Turnover for the three months ended in Dec. 2023 was 6.34.


Universal Security Instruments Receivables Turnover Historical Data

The historical data trend for Universal Security Instruments'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.

Universal Security Instruments Receivables Turnover Chart

Universal Security Instruments Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 44.87 62.33 45.92 23.74 31.48

Universal Security Instruments 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 9.47 11.86 10.13 4.30 6.34

Competitive Comparison of Universal Security Instruments's Receivables Turnover

For the Security & Protection Services subindustry, Universal Security Instruments'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.


Universal Security Instruments's Receivables Turnover Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Universal Security Instruments's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Universal Security Instruments's Receivables Turnover falls into.



Universal Security Instruments Receivables Turnover Calculation

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

Universal Security Instruments's Receivables Turnover for the fiscal year that ended in Mar. 2023 is calculated as

Receivables Turnover (A: Mar. 2023 )
=Revenue / Average Total Inventories
=Revenue (A: Mar. 2023 ) / ((Accounts Receivable (A: Mar. 2022 ) + Accounts Receivable (A: Mar. 2023 )) / count )
=22.179 / ((0.994 + 0.415) / 2 )
=22.179 / 0.7045
=31.48

Universal Security Instruments'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 )
=4.655 / ((0.822 + 0.647) / 2 )
=4.655 / 0.7345
=6.34

* 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.


Universal Security Instruments  (AMEX:UUU) 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.


Universal Security Instruments Receivables Turnover Related Terms

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Universal Security Instruments (Universal Security Instruments) Business Description

Traded in Other Exchanges
N/A
Address
11407 Cronhill Drive, Suite A, Owings Mills, MD, USA, 21117
Universal Security Instruments Inc is a U.S based manufacturer and distributor of safety and security devices in the Peoples Republic of China . The company markets a line of residential smoke and carbon monoxide alarms under the trade names UNIVERSAL and USI Electric. It also markets products to the electrical distribution trade such as electrical and lighting distributors as well as manufactured housing companies. Its product portfolio consists of smoke and fire alarms, carbon monoxide alarms, multi-gas alarms, universal smoke sensing technology, and plug-in alarms.
Executives
Bitnile Holdings, Inc. 10 percent owner 11411 SOUTHERN HIGHLANDS PARKWAY, SUITE 240, LAS VEGAS NV 89141
North Star Investment Management Corp. other: SEE NOTE 2 BELOW 20 N. WACKER DRIVE, SUITE # 1416, CHICAGO IL 60606
North Star Micro Cap Fund 10 percent owner 80 ARKAY DRIVE, SUITE 110, HAUPPAUGE NY 11788
Ira Bormel director 11407 CRONHILL DRIVE, SUITE A, OWINGS MILLS MD 21117
Harvey B Grossblatt director, officer: President, CEO 7-A GWYNNS MILL COURT, OWINGS MILLS MD 21117
Ronald A Seff director 7-A GWYNNS MILL COURT, OWINGS MILLS MD 21117
Howard B Silverman director 7-A GWYNNS MILL COURT, OWINGS MILLS MD 21117
Cary Luskin director 7-A GWYNNS MILL COURT, OWINGS MILLS MD 21117
Michael L Kovens 10 percent owner 6 REGENCY CT, BALTIMORE MD 21208
James Ballard Huff officer: Chief Financial Officer 7-A GWYNNS MILL COURT, OWINGS MILLS MD 21117
Ronald S Lazarus 10 percent owner 7-A GWYNNS MILL COURT, OWINGS MILLS MD 21117
Stephen C Knepper director, 10 percent owner, officer: Chairman, CEO 7-A GWYNNS MILL COURT, OWINGS MILLS MD 21117

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