BUKS (Butler National) Receivables Turnover: 2.12 (As of Apr. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

BUKS Butler National Corp BUKS
72 GF Score
Price $4.84
GF Value $1.87
Valuation Significantly Overvalued
! 4 Warning Signs
View Full Analysis

What is Butler National Receivables Turnover?

Butler National BUKS +0.83% 72 Receivables Turnover is 2.12 as of Apr. 2026. GuruFocus rates BUKS with a GF Score™ of 72/100 and a GF Value™ of $1.87 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 348 Aerospace & Defense companies, Butler National ranks better than 79.89% on this metric.

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. Butler National's Revenue for the three months ended in Apr. 2026 was $27.68 Mil. Butler National's average Accounts Receivable for the three months ended in Apr. 2026 was $13.08 Mil. Hence, Butler National's Receivables Turnover for the three months ended in Apr. 2026 was 2.12.


Butler National  (OTCPK:BUKS) 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.


Butler National Receivables Turnover Related Terms


Butler National Receivables Turnover Historical Data

* Premium members only.

The historical data trend for Butler National'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.

Butler National Receivables Turnover Chart

Butler National Annual Data
Trend Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23 Apr24 Apr25 Apr26
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 25.56 20.24 16.38 14.42 9.86

Butler National Quarterly Data
Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
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 3.56 2.99 3.08 2.73 2.12

BUKS vs SPCE, MRLN, ISSC: Receivables Turnover Comparison

For the Aerospace & Defense subindustry, Butler National'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.


Butler National Receivables Turnover vs Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Butler National's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Butler National's Receivables Turnover falls into.


BUKS
72GF Score
Butler National Corp BUKS
Receivables Turnover is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Butler National Receivables Turnover Calculation

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

Butler National's Receivables Turnover for the fiscal year that ended in Apr. 2026 is calculated as

Receivables Turnover (A: Apr. 2026 )
=Revenue / Average Accounts Receivable
=Revenue (A: Apr. 2026 ) / ((Accounts Receivable (A: Apr. 2025 ) + Accounts Receivable (A: Apr. 2026 )) / count )
=97.967 / ((5.867 + 13.996) / 2 )
=97.967 / 9.9315
=9.86

Butler National's Receivables Turnover for the quarter that ended in Apr. 2026 is calculated as

Receivables Turnover (Q: Apr. 2026 )
=Revenue / Average Accounts Receivable
=Revenue (Q: Apr. 2026 ) / ((Accounts Receivable (Q: Jan. 2026 ) + Accounts Receivable (Q: Apr. 2026 )) / count )
=27.678 / ((12.168 + 13.996) / 2 )
=27.678 / 13.082
=2.12

* 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 2.12 mean?
Butler National (BUKS) has a Receivables Turnover of 2.12 as of Apr. 2026. 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 Butler National and its competitors. According to the industry distribution chart, Butler National ranks #70 out of 348 companies in the Aerospace & Defense industry, placing it in the top 20.1%.
Is Butler National's Receivables Turnover too high?
Butler National's current Receivables Turnover is 2.12. The Aerospace & Defense industry median Receivables Turnover is 5.64. Butler National's value of 2.12 is 62.4% below this industry median. Based on the distribution chart, Butler National ranks #70 out of 348 companies in the Aerospace & Defense industry, which is in the top quartile — a strong position relative to peers. Overall, Butler National has a GF Score™ of 72/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Butler National's Receivables Turnover compare to SPCE and MRLN?
According to the Aerospace & Defense industry distribution chart, Butler National ranks #70 out of 348 companies for Receivables Turnover. This places Butler National in the top 20% of its industry — outperforming the majority of peers. The industry median Receivables Turnover is 5.64. Butler National's value of 2.12 is 62.4% below 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 Aerospace & Defense company?
The median Receivables Turnover among Aerospace & Defense companies is 5.64, based on 348 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. Butler National's current Receivables Turnover of 2.12 is 62.4% below 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 Butler National and its competitors. For the Aerospace & Defense industry, the median Receivables Turnover is 5.64 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Butler National's current Receivables Turnover is 2.12. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Butler National stock overvalued right now?
Based on GuruFocus' analysis, Butler National (BUKS) is currently considered Significantly Overvalued. The stock's GF Value™ is $1.87, compared to a current price of $4.84 — trading 158.8% above its estimated fair value. The current Receivables Turnover is 2.12 and 62.4% below the Aerospace & Defense industry median of 5.64. Butler National's overall GF Score™ is 72/100 with 4 warning signs to review. 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 Butler National (BUKS), the current Receivables Turnover is 2.12 as of Apr. 2026. 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.

Is Butler National (BUKS) Overvalued in 2026?

Based on GuruFocus' analysis, Butler National stock appears to be overvalued. The current stock price of $4.84 is trading 158.8% above its estimated GF Value™ of $1.87. GuruFocus considers Butler National to be Significantly Overvalued.

Key valuation signals for BUKS:

  • Receivables Turnover: 2.12
  • GF Value™: $1.87 vs. price of $4.84 (158.8% above fair value)
  • GF Score™: 72/100 with 4 warning signs
  • Industry Position: 62.4% below the Aerospace & Defense median (#70 of 348)

No single metric tells the full story. See the BUKS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Butler National Business Description

Address One Aero Plaza, New Century, KS, USA, 66031
Butler National Corp is involved in the design, engineering, manufacturing, selling, integrating, installing, repairing, modifying, overhauling, servicing, and distributing portfolio of aerostructures, aircraft components, avionics, accessories, subassemblies, and systems (Aerospace Products). The group serves the aviation industry, including owners of aircraft and contractors involved with private, commercial, business, and government aircraft operations. It also serves commercial weapon manufacturers and suppliers to governments and their agencies. The company has two operating segments: Professional Services and Aerospace Products. Its main source of revenue comes from the Aerospace Products segment. It operates in North America, Europe, Asia, Australia, and other geographical regions.
72GF Score

Get the complete analysis for BUKS

Receivables Turnover is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$4.84
Price
$1.87
GF Value