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. NACCO Industries's Revenue for the
three
months ended in Sep. 2024 was $61.7 Mil. NACCO Industries's average Accounts Receivable for the
three
months ended in Sep. 2024 was $41.1 Mil.
Hence, NACCO Industries's Receivables Turnover for the
three
months ended in Sep. 2024 was 1.50.
NACCO Industries Receivables Turnover Historical Data
The historical data trend for NACCO 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 NACCO Industries's Receivables Turnover
For the Thermal Coal subindustry, NACCO 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.
NACCO Industries's Receivables Turnover Distribution in the Other Energy Sources Industry
For the Other Energy Sources industry and Energy sector, NACCO Industries's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where NACCO Industries's Receivables Turnover falls into.
NACCO Industries Receivables Turnover Calculation
Receivables Turnover measures the number of times a company collects its average accounts receivable balance.
NACCO 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.
NACCO Industries Receivables Turnover Related Terms
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NACCO Industries Inc is a holding company that operates in the mining and natural resource industries. It has three operating segments that are coal mining, North American mining (NA mining), and minerals management. The majority of its revenue is from the coal mining segment. This segment operates surface coal mines under long-term contracts with power generation companies and an activated carbon producer pursuant to a service-based business model. The NA mining segment provides value-add contract mining and services for producers. Minerals management generates income from royalty-based leases by acquiring and promoting oil, gas, and coal mineral interests. The company is diversifying beyond coal mining due to political and economic pressures associated with carbon emissions.
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