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. Danimer Scientific's Revenue for the
three
months ended in Sep. 2024 was $8.63 Mil. Danimer Scientific's average Accounts Receivable for the
three
months ended in Sep. 2024 was $11.34 Mil.
Hence, Danimer Scientific's Receivables Turnover for the
three
months ended in Sep. 2024 was 0.76.
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.
Danimer Scientific Receivables Turnover Related Terms
Danimer Scientific Receivables Turnover Historical Data
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The historical data trend for Danimer Scientific'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.
DNMR vs HGAS, BON, CNEY: Receivables Turnover Comparison
For the Specialty Chemicals subindustry, Danimer Scientific'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.
Danimer Scientific Receivables Turnover vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Danimer Scientific's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Danimer Scientific'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.
Danimer Scientific (DNMR) has a Receivables Turnover of 0.76 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 Danimer Scientific and its competitors.
Is Danimer Scientific's Receivables Turnover too high?
Danimer Scientific's current Receivables Turnover is 0.76. The Chemicals industry median Receivables Turnover is 5.57. Danimer Scientific's value of 0.76 is 86.4% below this industry median. Overall, Danimer Scientific has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Danimer Scientific's Receivables Turnover compare to HGAS and BON?
Danimer Scientific's Receivables Turnover of 0.76 can be compared against companies in the Chemicals industry. The industry median Receivables Turnover is 5.57. Danimer Scientific's value of 0.76 is 86.4% 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 a Chemicals company?
The median Receivables Turnover among Chemicals companies is 5.57, based on 1,576 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. Danimer Scientific's current Receivables Turnover of 0.76 is 86.4% 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 Danimer Scientific and its competitors. For the Chemicals industry, the median Receivables Turnover is 5.57 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Danimer Scientific's current Receivables Turnover is 0.76. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Danimer Scientific stock overvalued right now?
Danimer Scientific (DNMR) has a current Receivables Turnover of 0.76. The current Receivables Turnover is 0.76 and 86.4% below the Chemicals industry median of 5.57. Danimer Scientific's overall GF Score™ is 12/100. 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 Danimer Scientific (DNMR), the current Receivables Turnover is 0.76 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.
Danimer Scientific Inc creates more sustainable, more natural ways to make plastic products sold under the proprietary Nodax brand name. The company's renewable and sustainable biopolymers have helped create plastic products that are biodegradable and compostable. Danimer Scientific's products return to nature instead of polluting lands and waters. Its technology can be found in a vast array of plastic end-use products that people use every day. Applications for its biopolymers include additives, aqueous coatings, fibers, filaments, films, and injection-molded articles, among others. Geographically, the company generates a majority of its revenue from the United States and the rest from Germany, Poland, Belgium, and other regions.
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