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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. C-Bond Systems's Revenue for the
three
months ended in Sep. 2024 was $0.66 Mil. C-Bond Systems's average Accounts Receivable for the
three
months ended in Sep. 2024 was $0.24 Mil.
Hence, C-Bond Systems's Receivables Turnover for the
three
months ended in Sep. 2024 was 2.81.
C-Bond Systems (OTCPK:CBNT) 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.
C-Bond Systems Receivables Turnover Related Terms
C-Bond Systems Receivables Turnover Historical Data
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The historical data trend for C-Bond Systems'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.
CBNT vs HGAS, CRKN, ILDO: Receivables Turnover Comparison
For the Specialty Chemicals subindustry, C-Bond Systems'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.
C-Bond Systems Receivables Turnover vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, C-Bond Systems's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where C-Bond Systems's Receivables Turnover falls into.
* 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.
C-Bond Systems (CBNT) has a Receivables Turnover of 2.81 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 C-Bond Systems and its competitors.
Is C-Bond Systems' Receivables Turnover too high?
C-Bond Systems' current Receivables Turnover is 2.81. The Chemicals industry median Receivables Turnover is 5.70. C-Bond Systems' value of 2.81 is 50.7% below this industry median.
How does C-Bond Systems' Receivables Turnover compare to HGAS and CRKN?
C-Bond Systems' Receivables Turnover of 2.81 can be compared against companies in the Chemicals industry. The industry median Receivables Turnover is 5.70. C-Bond Systems' value of 2.81 is 50.7% 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 a Chemicals company?
The median Receivables Turnover among Chemicals companies is 5.70, based on 1,583 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. C-Bond Systems's current Receivables Turnover of 2.81 is 50.7% 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 C-Bond Systems and its competitors. For the Chemicals industry, the median Receivables Turnover is 5.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. C-Bond Systems's current Receivables Turnover is 2.81. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is C-Bond Systems stock overvalued right now?
C-Bond Systems (CBNT) has a current Receivables Turnover of 2.81. The current Receivables Turnover is 2.81 and 50.7% below the Chemicals industry median of 5.70. 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 C-Bond Systems (CBNT), the current Receivables Turnover is 2.81 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.
C-Bond Systems Inc is a nanotechnology company and the sole owner and developer of the patented C-Bond technology. It engaged in the implementation of proprietary nanotechnology applications and processes to enhance the properties of strength, functionality, and sustainability of brittle material systems. It operates in two divisions: C-Bond and Patriot Glass. The company generates maximum revenue from the Patriot Glass Segment. The Patriot Glass Segment is engaged in the distribution and installation of window film solutions. C-Bond segment is engaged in the manufacturing and sale of a windshield strengthening water repellent solution as well as a disinfection product, and other.
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