Energy & Technology (Energy & Technology) Receivables Turnover : 1.87 (As of Sep. 2018)

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What is Energy & Technology 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. Energy & Technology's Revenue for the three months ended in Sep. 2018 was $0.76 Mil. Energy & Technology's average Accounts Receivable for the three months ended in Sep. 2018 was $0.41 Mil. Hence, Energy & Technology's Receivables Turnover for the three months ended in Sep. 2018 was 1.87.

Energy & Technology Receivables Turnover Historical Data

The historical data trend for Energy & Technology'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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Energy & Technology Receivables Turnover Chart

Energy & Technology Annual Data

Trend

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Receivables Turnover

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9.42

6.51

7.97

7.76

9.90

Energy & Technology Quarterly Data
	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18
Receivables Turnover	Get a 7-Day Free Trial															1.73	1.33	2.46	2.64	1.87

Competitive Comparison of Energy & Technology's Receivables Turnover

For the Oil & Gas Equipment & Services subindustry, Energy & Technology'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.

Energy & Technology's Receivables Turnover Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Energy & Technology's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Energy & Technology's Receivables Turnover falls into.

Energy & Technology Receivables Turnover Calculation

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

Energy & Technology's Receivables Turnover for the fiscal year that ended in Dec. 2017 is calculated as

	Receivables Turnover (A: Dec. 2017 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2017 )	/ (	(Accounts Receivable (A: Dec. 2016 )	+	Accounts Receivable (A: Dec. 2017 ))	/	count )
=	2.56	/ (	(0.244	+	0.273)	/	2 )
=	2.56	/	0.2585
=	9.90

Energy & Technology's Receivables Turnover for the quarter that ended in Sep. 2018 is calculated as

	Receivables Turnover (Q: Sep. 2018 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2018 )	/ (	(Accounts Receivable (Q: Jun. 2018 )	+	Accounts Receivable (Q: Sep. 2018 ))	/	count )
=	0.759	/ (	(0.417	+	0.394)	/	2 )
=	0.759	/	0.4055
=	1.87

Energy & Technology (OTCPK:ENGT) 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.

Energy & Technology Receivables Turnover Related Terms

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Energy & Technology (Energy & Technology) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Energy & Technology Corp (OTCPK:ENGT) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

P.O. Box 52523, Lafayette, LA, USA, 70505

Website

https://www.engt.com

Energy & Technology Corp is engaged in the manufacturing and reclamation of commodities, energy, technology, oil and gas equipment, and products. The company offers services, which include engineering, manufacturing, reclamation, sales, destructive and non-destructive testing (NDT), inspection services, storage, and maintenance for pipes and equipment utilized in the energy industry. The manufactured pipe and equipment are supplied to the company by various steel mills in finished or unfinished form for it to process.

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