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. FGI Industries's Revenue for the
three
months ended in Mar. 2024 was $30.8 Mil. FGI Industries's average Accounts Receivable for the
three
months ended in Mar. 2024 was $16.0 Mil.
Hence, FGI Industries's Receivables Turnover for the
three
months ended in Mar. 2024 was 1.93.
FGI Industries Receivables Turnover Historical Data
The historical data trend for FGI Industries'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 FGI Industries's Receivables Turnover
For the Furnishings, Fixtures & Appliances subindustry, FGI Industries'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.
FGI Industries's Receivables Turnover Distribution in the Furnishings, Fixtures & Appliances Industry
For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, FGI Industries's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where FGI Industries's Receivables Turnover falls into.
FGI Industries Receivables Turnover Calculation
Receivables Turnover measures the number of times a company collects its average accounts receivable balance.
FGI Industries's Receivables Turnover for the fiscal year that ended in Dec. 2023 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.
FGI Industries Receivables Turnover Related Terms
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FGI Industries (FGI Industries) Business Description
FGI Industries Ltd is a supplier of kitchen and bath products. It offers sanitaryware, bath furniture, shower systems, customer kitchen cabinetry, and other accessory items. It is business to business supplier of bath and kitchen products to large retail, wholesale, commercial, and specialty channel customers around the globe. its revenue is generated by sanitaryware. Geographically it operates in the United States, Canada, Europe, Rest of the World, and the majority of its revenue comes from the United States.
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