Cymat Technologies (Cymat Technologies) Receivables Turnover : 6.68 (As of Jan. 2024)

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What is Cymat Technologies 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. Cymat Technologies's Revenue for the three months ended in Jan. 2024 was $0.18 Mil. Cymat Technologies's average Accounts Receivable for the three months ended in Jan. 2024 was $0.03 Mil. Hence, Cymat Technologies's Receivables Turnover for the three months ended in Jan. 2024 was 6.68.

Cymat Technologies Receivables Turnover Historical Data

The historical data trend for Cymat 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.

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Cymat Technologies Receivables Turnover Chart

Cymat Technologies Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Receivables Turnover

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12.43

51.11

92.31

13.27

12.94

Cymat Technologies Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Receivables Turnover	Get a 7-Day Free Trial															2.37	8.64	29.62	3.64	6.68

Competitive Comparison of Cymat Technologies's Receivables Turnover

For the Metal Fabrication subindustry, Cymat 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.

Cymat Technologies's Receivables Turnover Distribution in the Industrial Products Industry

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

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

Cymat Technologies Receivables Turnover Calculation

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

Cymat Technologies's Receivables Turnover for the fiscal year that ended in Apr. 2023 is calculated as

	Receivables Turnover (A: Apr. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Apr. 2023 )	/ (	(Accounts Receivable (A: Apr. 2022 )	+	Accounts Receivable (A: Apr. 2023 ))	/	count )
=	2.264	/ (	(0.317	+	0.033)	/	2 )
=	2.264	/	0.175
=	12.94

Cymat Technologies's Receivables Turnover for the quarter that ended in Jan. 2024 is calculated as

	Receivables Turnover (Q: Jan. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jan. 2024 )	/ (	(Accounts Receivable (Q: Oct. 2023 )	+	Accounts Receivable (Q: Jan. 2024 ))	/	count )
=	0.177	/ (	(0.025	+	0.028)	/	2 )
=	0.177	/	0.0265
=	6.68

Cymat Technologies (OTCPK:CYMHF) 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.

Cymat Technologies Receivables Turnover Related Terms

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Cymat Technologies (Cymat Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Cymat Technologies Ltd (OTCPK:CYMHF) » Definitions » Receivables Turnover

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CYM:Canada

Address

6320 Danville Road, Unit 2, Mississauga, ON, CAN, L5T 2L7

Website

https://www.cymat.com

Cymat Technologies Ltd is a manufacturing company, which holds licenses and related patents to make, use and sell Stabilized Aluminum Foam (SAF). SAF is produced utilizing a proprietary process in which gas is bubbled into molten alloyed aluminum containing a dispersion of fine ceramic particles to create foam, which is then cast into lightweight panels and shapes. The firm is manufacturing SAF for use in architectural, blast mitigation and energy absorption applications. Its products are used in the automotive and industrial markets.