GPHBF (G6 Materials) Receivables Turnover: 9.87 (As of Feb. 2024)

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GPHBF G6 Materials Corp GPHBF
12 GF Score
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What is G6 Materials Receivables Turnover?

G6 Materials GPHBF -99.00% 12 Receivables Turnover is 9.87 as of Feb. 2024. GuruFocus rates GPHBF 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. G6 Materials's Revenue for the three months ended in Feb. 2024 was $0.22 Mil. G6 Materials's average Accounts Receivable for the three months ended in Feb. 2024 was $0.02 Mil. Hence, G6 Materials's Receivables Turnover for the three months ended in Feb. 2024 was 9.87.


G6 Materials  (OTCPK:GPHBF) 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.


G6 Materials Receivables Turnover Related Terms


G6 Materials Receivables Turnover Historical Data

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The historical data trend for G6 Materials'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.

G6 Materials Receivables Turnover Chart

G6 Materials Annual Data
Trend Jul14 May15 May16 May17 May18 May19 May20 May21 May22 May23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 16.76 18.84 143.70 48.50 39.24

G6 Materials Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
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 10.60 9.43 7.47 7.54 9.87

GPHBF vs CBNT, PVNNF, ILDO: Receivables Turnover Comparison

For the Specialty Chemicals subindustry, G6 Materials'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.


G6 Materials Receivables Turnover vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, G6 Materials's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where G6 Materials's Receivables Turnover falls into.


GPHBF
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G6 Materials Corp GPHBF
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G6 Materials Receivables Turnover Calculation

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

G6 Materials's Receivables Turnover for the fiscal year that ended in May. 2023 is calculated as

Receivables Turnover (A: May. 2023 )
=Revenue / Average Accounts Receivable
=Revenue (A: May. 2023 ) / ((Accounts Receivable (A: May. 2022 ) + Accounts Receivable (A: May. 2023 )) / count )
=1.55 / ((0.036 + 0.043) / 2 )
=1.55 / 0.0395
=39.24

G6 Materials's Receivables Turnover for the quarter that ended in Feb. 2024 is calculated as

Receivables Turnover (Q: Feb. 2024 )
=Revenue / Average Accounts Receivable
=Revenue (Q: Feb. 2024 ) / ((Accounts Receivable (Q: Nov. 2023 ) + Accounts Receivable (Q: Feb. 2024 )) / count )
=0.222 / ((0.036 + 0.009) / 2 )
=0.222 / 0.0225
=9.87

* 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 9.87 mean?
G6 Materials (GPHBF) has a Receivables Turnover of 9.87 as of Feb. 2024. 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 G6 Materials and its competitors.
Is G6 Materials' Receivables Turnover too high?
G6 Materials' current Receivables Turnover is 9.87. The Chemicals industry median Receivables Turnover is 5.60. G6 Materials' value of 9.87 is 76.3% above this industry median. Overall, G6 Materials has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does G6 Materials' Receivables Turnover compare to CBNT and PVNNF?
G6 Materials' Receivables Turnover of 9.87 can be compared against companies in the Chemicals industry. The industry median Receivables Turnover is 5.60. G6 Materials' value of 9.87 is 76.3% above 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. G6 Materials's current Receivables Turnover of 9.87 is 76.3% above 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 G6 Materials 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. G6 Materials's current Receivables Turnover is 9.87. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is G6 Materials stock overvalued right now?
G6 Materials (GPHBF) has a current Receivables Turnover of 9.87. The current Receivables Turnover is 9.87 and 76.3% above the Chemicals industry median of 5.60. G6 Materials' 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 G6 Materials (GPHBF), the current Receivables Turnover is 9.87 as of Feb. 2024. 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.

G6 Materials Business Description

Address 760 Koehler Avenue, Suite 2, Ronkonkoma, NY, USA, 11779
G6 Materials Corp is a technology company engaged in the development of graphene-based solutions. The company's target industries include but are not limited to aerospace, automotive, healthcare, marine, medical prosthetics and various branches of the military.
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Receivables Turnover is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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