AATGF (ATI Airtest Technologies) Receivables Turnover: 4.87 (As of Sep. 2024)

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What is ATI Airtest Technologies Receivables Turnover?

ATI Airtest Technologies AATGF Receivables Turnover is 4.87 as of Sep. 2024.

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. ATI Airtest Technologies's Revenue for the three months ended in Sep. 2024 was $0.33 Mil. ATI Airtest Technologies's average Accounts Receivable for the three months ended in Sep. 2024 was $0.07 Mil. Hence, ATI Airtest Technologies's Receivables Turnover for the three months ended in Sep. 2024 was 4.87.


ATI Airtest Technologies  (OTCPK:AATGF) 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.


ATI Airtest Technologies Receivables Turnover Related Terms


ATI Airtest Technologies Receivables Turnover Historical Data

* Premium members only.

The historical data trend for ATI Airtest Technologies'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.

ATI Airtest Technologies Receivables Turnover Chart

ATI Airtest Technologies Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 11.72 12.15 12.37 7.84 6.34

ATI Airtest Technologies Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 1.88 3.32 2.63 5.20 4.87

AATGF vs ETN, PH, ITW: Receivables Turnover Comparison

For the Specialty Industrial Machinery subindustry, ATI Airtest Technologies'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.


ATI Airtest Technologies Receivables Turnover vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, ATI Airtest Technologies's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where ATI Airtest Technologies's Receivables Turnover falls into.



ATI Airtest Technologies Receivables Turnover Calculation

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

ATI Airtest Technologies's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as

Receivables Turnover (A: Dec. 2023 )
=Revenue / Average Accounts Receivable
=Revenue (A: Dec. 2023 ) / ((Accounts Receivable (A: Dec. 2022 ) + Accounts Receivable (A: Dec. 2023 )) / count )
=1.483 / ((0.308 + 0.16) / 2 )
=1.483 / 0.234
=6.34

ATI Airtest Technologies's Receivables Turnover for the quarter that ended in Sep. 2024 is calculated as

Receivables Turnover (Q: Sep. 2024 )
=Revenue / Average Accounts Receivable
=Revenue (Q: Sep. 2024 ) / ((Accounts Receivable (Q: Jun. 2024 ) + Accounts Receivable (Q: Sep. 2024 )) / count )
=0.326 / ((0.081 + 0.053) / 2 )
=0.326 / 0.067
=4.87

* 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.

Frequently Asked Questions Learn more about Receivables Turnover →
What does a Receivables Turnover of 4.87 mean?
ATI Airtest Technologies (AATGF) has a Receivables Turnover of 4.87 as of Sep. 2024. The accounts 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. View historical data on ATI Airtest Technologies and its competitors.
Is ATI Airtest Technologies' Receivables Turnover too high?
ATI Airtest Technologies' current Receivables Turnover is 4.87. The Industrial Products industry median Receivables Turnover is 4.45. ATI Airtest Technologies' value of 4.87 is 9.4% above this industry median.
How does ATI Airtest Technologies' Receivables Turnover compare to ETN and PH?
ATI Airtest Technologies' Receivables Turnover of 4.87 can be compared against companies in the Industrial Products industry. The industry median Receivables Turnover is 4.45. ATI Airtest Technologies' value of 4.87 is 9.4% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Receivables Turnover for an Industrial Products company?
The median Receivables Turnover among Industrial Products companies is 4.45, based on 3,028 companies in the industry. Companies in the top quartile (top 25%) have a Receivables Turnover significantly above this median, while those in the bottom quartile fall well below. However, Receivables Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. ATI Airtest Technologies's current Receivables Turnover of 4.87 is 9.4% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Receivables Turnover mean?
A high Receivables Turnover can signal that a stock is expensive relative to its fundamentals. The accounts 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. View historical data on ATI Airtest Technologies and its competitors. For the Industrial Products industry, the median Receivables Turnover is 4.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ATI Airtest Technologies's current Receivables Turnover is 4.87. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ATI Airtest Technologies stock overvalued right now?
ATI Airtest Technologies (AATGF) has a current Receivables Turnover of 4.87. The current Receivables Turnover is 4.87 and 9.4% above the Industrial Products industry median of 4.45. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Receivables Turnover calculated?
Receivables Turnover is calculated from a company's financial statements. For ATI Airtest Technologies (AATGF), the current Receivables Turnover is 4.87 as of Sep. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

ATI Airtest Technologies Business Description

Address 1520 Cliveden Avenue, Unit 9, Delta, BC, CAN, V3M 6J8
ATI Airtest Technologies Inc is engaged in the manufacturing and selling of air testing equipment and related services in Canada and the United States. Its product offering includes WiFi Transmitters, Portables/Data Logging, EnOcean Transmitters, CO2 Demand Controlled Ventilation, Parking Garage Ventilation, Air Velocity, Agriculture, Gases For Health and Safety, Industrial Dew Point, Industrial Humidity and Temp, Moisture In Oil and Calibration.