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. Delta Apparel's Revenue for the
three
months ended in Mar. 2024 was $78.9 Mil. Delta Apparel's average Accounts Receivable for the
three
months ended in Mar. 2024 was $33.7 Mil.
Hence, Delta Apparel's Receivables Turnover for the
three
months ended in Mar. 2024 was 2.34.
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.
Delta Apparel Receivables Turnover Related Terms
Delta Apparel Receivables Turnover Historical Data
* Premium members only.
The historical data trend for Delta Apparel'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.
DLAPQ vs RL, VFC, LEVI: Receivables Turnover Comparison
For the Apparel Manufacturing subindustry, Delta Apparel'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.
Delta Apparel Receivables Turnover vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Delta Apparel's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Delta Apparel'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.
Delta Apparel (DLAPQ) has a Receivables Turnover of 2.34 as of Mar. 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 Delta Apparel and its competitors.
Is Delta Apparel's Receivables Turnover too high?
Delta Apparel's current Receivables Turnover is 2.34. The Manufacturing - Apparel & Accessories industry median Receivables Turnover is 6.98. Delta Apparel's value of 2.34 is 66.5% below this industry median. Overall, Delta Apparel has a GF Score™ of 16/100, reflecting its overall financial health beyond just this single metric.
How does Delta Apparel's Receivables Turnover compare to RL and VFC?
Delta Apparel's Receivables Turnover of 2.34 can be compared against companies in the Manufacturing - Apparel & Accessories industry. The industry median Receivables Turnover is 6.98. Delta Apparel's value of 2.34 is 66.5% 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 Manufacturing - Apparel & Accessories company?
The median Receivables Turnover among Manufacturing - Apparel & Accessories companies is 6.98, based on 1,027 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. Delta Apparel's current Receivables Turnover of 2.34 is 66.5% 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 Delta Apparel and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Receivables Turnover is 6.98 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Delta Apparel's current Receivables Turnover is 2.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Delta Apparel stock overvalued right now?
Delta Apparel (DLAPQ) has a current Receivables Turnover of 2.34. The current Receivables Turnover is 2.34 and 66.5% below the Manufacturing - Apparel & Accessories industry median of 6.98. Delta Apparel's overall GF Score™ is 16/100. 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 Delta Apparel (DLAPQ), the current Receivables Turnover is 2.34 as of Mar. 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.
Delta Apparel Inc together with its subsidiaries is an international apparel design, marketing, manufacturing, and sourcing company. It operates its business in two distinct segments: Delta Group and Salt Life Group. The company offers a diverse portfolio of lifestyle basics and branded activewear apparel, headwear, and related accessory products. It specializes in selling casual and athletic products through distribution channels and distribution tiers, including specialty stores, boutiques, department stores, mid and mass channels, e-retailers, and the U.S. military. It also offers its products to consumers on its websites and in its retail stores. The company derives the maximum revenue from the wholesale of goods through the Delta Group in the United States.
16GF Score
Get the complete analysis for DLAPQ
Receivables Turnover is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
DLAPQ has been successfully added to your 
