Art's-Way Manufacturing Co (FRA:ID2) Receivables Turnover : 2.36 (As of May. 2024)

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What is Art's-Way Manufacturing Co 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. Art's-Way Manufacturing Co's Revenue for the three months ended in May. 2024 was €6.23 Mil. Art's-Way Manufacturing Co's average Accounts Receivable for the three months ended in May. 2024 was €2.64 Mil. Hence, Art's-Way Manufacturing Co's Receivables Turnover for the three months ended in May. 2024 was 2.36.

Art's-Way Manufacturing Co Receivables Turnover Historical Data

The historical data trend for Art's-Way Manufacturing Co'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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Art's-Way Manufacturing Co Receivables Turnover Chart

Art's-Way Manufacturing Co Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Receivables Turnover

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14.42

10.70

10.04

10.59

10.01

Art's-Way Manufacturing Co Quarterly Data
	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24
Receivables Turnover	Get a 7-Day Free Trial															2.15	1.93	1.74	1.77	2.36

Competitive Comparison of Art's-Way Manufacturing Co's Receivables Turnover

For the Farm & Heavy Construction Machinery subindustry, Art's-Way Manufacturing Co'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.

Art's-Way Manufacturing Co's Receivables Turnover Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Art's-Way Manufacturing Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Art's-Way Manufacturing Co's Receivables Turnover falls into.

Art's-Way Manufacturing Co Receivables Turnover Calculation

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

Art's-Way Manufacturing Co's Receivables Turnover for the fiscal year that ended in Nov. 2023 is calculated as

	Receivables Turnover (A: Nov. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Nov. 2023 )	/ (	(Accounts Receivable (A: Nov. 2022 )	+	Accounts Receivable (A: Nov. 2023 ))	/	count )
=	27.98	/ (	(2.42	+	3.171)	/	2 )
=	27.98	/	2.7955
=	10.01

Art's-Way Manufacturing Co's Receivables Turnover for the quarter that ended in May. 2024 is calculated as

	Receivables Turnover (Q: May. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: May. 2024 )	/ (	(Accounts Receivable (Q: Feb. 2024 )	+	Accounts Receivable (Q: May. 2024 ))	/	count )
=	6.225	/ (	(2.824	+	2.448)	/	2 )
=	6.225	/	2.636
=	2.36

Art's-Way Manufacturing Co (FRA:ID2) 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.

Art's-Way Manufacturing Co Receivables Turnover Related Terms

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Art's-Way Manufacturing Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Art's-Way Manufacturing Co Inc (FRA:ID2) » Definitions » Receivables Turnover

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Traded in Other Exchanges

ARTW:USA

Address

5556 Highway 9, P.O. Box 288, Armstrong, IA, USA, 50514

Website

https://www.artsway-mfg.com

Art's-Way Manufacturing Co Inc is a manufacturer of agricultural equipment. It has three reportable segments: Agricultural Products, Modular Buildings, and Tools. The Agricultural Products segment fabricates and sells farming products as well as related equipment and replacement parts for these products in the United States and worldwide. Its Modular Buildings segment manufactures and installs modular buildings for animal containment and various laboratory uses. The Tools segment manufactures steel cutting tools and inserts. It derives revenues from the Agricultural Products segment.

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