Raven Industries (Raven Industries) Receivables Turnover : 1.69 (As of Jul. 2021)

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What is Raven Industries 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. Raven Industries's Revenue for the three months ended in Jul. 2021 was $114.4 Mil. Raven Industries's average Accounts Receivable for the three months ended in Jul. 2021 was $67.6 Mil. Hence, Raven Industries's Receivables Turnover for the three months ended in Jul. 2021 was 1.69.

Raven Industries Receivables Turnover Historical Data

The historical data trend for Raven 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.

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Raven Industries Receivables Turnover Chart

Raven Industries Annual Data

Trend

Jan12

Jan13

Jan14

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Receivables Turnover

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6.69

7.48

7.34

6.90

6.64

Raven Industries Quarterly Data
	Oct16	Jan17	Apr17	Jul17	Oct17	Jan18	Apr18	Jul18	Oct18	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21
Receivables Turnover	Get a 7-Day Free Trial															1.55	1.87	1.59	2.01	1.69

Competitive Comparison of Raven Industries's Receivables Turnover

For the Specialty Industrial Machinery subindustry, Raven 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.

Raven Industries's Receivables Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Raven Industries's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Raven Industries's Receivables Turnover falls into.

Raven Industries Receivables Turnover Calculation

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

Raven Industries's Receivables Turnover for the fiscal year that ended in Jan. 2021 is calculated as

	Receivables Turnover (A: Jan. 2021 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jan. 2021 )	/ (	(Accounts Receivable (A: Jan. 2020 )	+	Accounts Receivable (A: Jan. 2021 ))	/	count )
=	348.359	/ (	(56.978	+	47.879)	/	2 )
=	348.359	/	52.4285
=	6.64

Raven Industries's Receivables Turnover for the quarter that ended in Jul. 2021 is calculated as

	Receivables Turnover (Q: Jul. 2021 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jul. 2021 )	/ (	(Accounts Receivable (Q: Apr. 2021 )	+	Accounts Receivable (Q: Jul. 2021 ))	/	count )
=	114.426	/ (	(63.788	+	71.413)	/	2 )
=	114.426	/	67.6005
=	1.69

Raven Industries (NAS:RAVN) 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.

Raven Industries Receivables Turnover Related Terms

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Raven Industries (Raven Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Raven Industries Inc (NAS:RAVN) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

205 East 6th Street, P.O. Box 5107, Sioux Falls, SD, USA, 57117- 5107

Website

http://www.ravenind.com

Raven Industries Inc is a diversified technology company providing products to customers within the industrial, agricultural, energy, construction, and defense markets. The company has three reportable segments namely Applied Technology, Engineered Films Division, and Aerostar Division. Applied Technology sells its precision agriculture control products to both original equipment manufacturers and through aftermarket distribution partners. Its Engineered Films produces high-performance plastic films and sheeting for geomembrane, agricultural, construction, and industrial applications, and Aerostar serves the aerospace/defense, radar, and lighter-than-air markets. It generates a majority of its revenue from the Engineered Films segment.

Executives

Brian E Meyer	officer: Division Vice President & GM	P.O. BOX 5107 SIOUX FALLS SD 57117
Marc E Lebaron	director	600 WEST E STREET, LINCOLN NE 68522
Steven E Brazones	officer: VP & CFO, Treasurer	P.O. BOX 5107 SIOUX FALLS SD 57117
Jason M Andringa	director	PO BOX 5107 SIOUX FALLS SD 57117
Lee A Magnuson	officer: General Counsel and VP	P.O. BOX 5107 SIOUX FALLS SD 57117-5107
Lois M Martin	director	PO BOX 1101, ADC TELCOMMUNICATIONS INC, MINNEAPOLIS MN 55440-1104
Janet M Holloway	director	MONSANTO COMPANY 800 N. LINDBERGH BLVD. ST. LOUIS MO 63167
Thomas S Everist	director
Rick Parod	director	2707 N 108TH STREET STE102, OMAHA NE 68164
Kevin T. Kirby	director	P.O. BOX 5107 SIOUX FALLS SD 57117
Nicole M Freesemann	officer: Vice President HR	P.O. BOX 5107 SIOUX FALLS SD 57117-5107
Scott W Wickersham	officer: Div VP & General Manager	P.O. BOX 5107 SIOUX FALLS SD 57117-5107
Johnson Schmidt Anthony D	officer: Division VP and GM	P.O. BOX 5107 SIOUX FALLS SD 57117
Daniel A Rykhus	director, officer: President & CEO	C/O RAVEN INDUSTRIES, PO BOX 5107, SIOUX FALLS SD 57117
David L Chicoine	director	800 NORTH LINDBERGH BLVD. ST. LOUIS MO 63167