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. Badger Meter's Revenue for the
three
months ended in Sep. 2024 was $208.4 Mil. Badger Meter's average Accounts Receivable for the
three
months ended in Sep. 2024 was $99.8 Mil.
Hence, Badger Meter's Receivables Turnover for the
three
months ended in Sep. 2024 was 2.09.
Badger Meter Receivables Turnover Historical Data
The historical data trend for Badger Meter'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 Badger Meter's Receivables Turnover
For the Scientific & Technical Instruments subindustry, Badger Meter'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.
Badger Meter's Receivables Turnover Distribution in the Hardware Industry
For the Hardware industry and Technology sector, Badger Meter's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Badger Meter's Receivables Turnover falls into.
Badger Meter Receivables Turnover Calculation
Receivables Turnover measures the number of times a company collects its average accounts receivable balance.
Badger Meter'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.
Badger Meter (NYSE:BMI) 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.
Badger Meter Receivables Turnover Related Terms
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Badger Meter Inc is an innovator, manufacturer, and marketer of products incorporating flow measurement, quality, control, and other system solutions serving markets. The company's products measure water, oil, chemicals, and other fluids, and provide and communicate timely measurement data. Badger's product lines include two categories: sales of water meters, radios, software, and related technologies, and water quality monitoring solutions to water utilities (utility water) and sales of meters and other sensing instruments, valves, software, and other solutions for industrial applications in water, wastewater, and other industries (flow instrumentation). It derives a majority of its revenues from the United States.
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