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 Receivables Turnover Historical Data
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.
Competitive Comparison of EnerTeck's Receivables Turnover
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's Receivables Turnover Distribution in the 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.
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
* 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.
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
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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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