ETCK (EnerTeck) Receivables Turnover: 4.91 (As of Sep. 2023)

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ETCK EnerTeck Corp ETCK
12 GF Score
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What is EnerTeck Receivables Turnover?

EnerTeck ETCK 12 Receivables Turnover is 4.91 as of Sep. 2023. GuruFocus rates ETCK with a GF Score™ of 12/100.

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. EnerTeck's Revenue for the three months ended in Sep. 2023 was $0.03 Mil. EnerTeck's average Accounts Receivable for the three months ended in Sep. 2023 was $0.01 Mil. Hence, EnerTeck's Receivables Turnover for the three months ended in Sep. 2023 was 4.91.


EnerTeck  (OTCPK:ETCK) 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.


EnerTeck Receivables Turnover Related Terms


EnerTeck Receivables Turnover Historical Data

* Premium members only.

The historical data trend for EnerTeck'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.

EnerTeck Receivables Turnover Chart

EnerTeck Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 13.00 4.73 3.96 1.81 14.29

EnerTeck Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.55 0.00 0.00 2.00 4.91

ETCK vs LIN, SHW, ECL: Receivables Turnover Comparison

For the Specialty Chemicals subindustry, EnerTeck'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.


EnerTeck Receivables Turnover vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, EnerTeck's Receivables Turnover distribution charts can be found below:

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


ETCK
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EnerTeck Corp ETCK
Receivables Turnover is just one metric. See GF Score™, valuation, warning signs, and more.
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EnerTeck Receivables Turnover Calculation

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

EnerTeck's Receivables Turnover for the fiscal year that ended in Dec. 2022 is calculated as

Receivables Turnover (A: Dec. 2022 )
=Revenue / Average Accounts Receivable
=Revenue (A: Dec. 2022 ) / ((Accounts Receivable (A: Dec. 2021 ) + Accounts Receivable (A: Dec. 2022 )) / count )
=0.1 / ((0 + 0.007) / 1 )
=0.1 / 0.007
=14.29

EnerTeck's Receivables Turnover for the quarter that ended in Sep. 2023 is calculated as

Receivables Turnover (Q: Sep. 2023 )
=Revenue / Average Accounts Receivable
=Revenue (Q: Sep. 2023 ) / ((Accounts Receivable (Q: Jun. 2023 ) + Accounts Receivable (Q: Sep. 2023 )) / count )
=0.027 / ((0.003 + 0.008) / 2 )
=0.027 / 0.0055
=4.91

* 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.

Frequently Asked Questions Learn more about Receivables Turnover →
What does a Receivables Turnover of 4.91 mean?
EnerTeck (ETCK) has a Receivables Turnover of 4.91 as of Sep. 2023. 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 EnerTeck and its competitors.
Is EnerTeck's Receivables Turnover too high?
EnerTeck's current Receivables Turnover is 4.91. The Chemicals industry median Receivables Turnover is 5.60. EnerTeck's value of 4.91 is 12.3% below this industry median. Overall, EnerTeck has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does EnerTeck's Receivables Turnover compare to LIN and SHW?
EnerTeck's Receivables Turnover of 4.91 can be compared against companies in the Chemicals industry. The industry median Receivables Turnover is 5.60. EnerTeck's value of 4.91 is 12.3% 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 5.60, based on 1,577 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. EnerTeck's current Receivables Turnover of 4.91 is 12.3% 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 EnerTeck and its competitors. For the Chemicals industry, the median Receivables Turnover is 5.60 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. EnerTeck's current Receivables Turnover is 4.91. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is EnerTeck stock overvalued right now?
EnerTeck (ETCK) has a current Receivables Turnover of 4.91. The current Receivables Turnover is 4.91 and 12.3% below the Chemicals industry median of 5.60. EnerTeck'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 EnerTeck (ETCK), the current Receivables Turnover is 4.91 as of Sep. 2023. 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.

EnerTeck Business Description

Address 10701 Corporate Drive, Suite 150, Stafford, TX, USA, 77477
EnerTeck Corp is engaged in the business of manufacturing and marketing a fuel borne catalytic engine treatment called EnerBurn for diesel engines. The company mainly serves the trucking, heavy construction, maritime shipping, railroad, and mining industries. Its products and services include the diesel fuel additive product line and EnerBurn Combustion Catalyst for diesel fuel engines. Its EnerBurn is a liquid, chemical formulation, under the product codes differentiated by market application and product concentration, EnerBurn EC5931A, EnerBurn EC5805A, and EnerBurn EC5805C. The company generated the majority of the revenues from the sale of EnerBurn to oilfield service, heavy construction, and mining industries.
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