Shimmick (Shimmick) Receivables Turnover : 2.31 (As of Mar. 2024)

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What is Shimmick 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. Shimmick's Revenue for the three months ended in Mar. 2024 was $120.0 Mil. Shimmick's average Accounts Receivable for the three months ended in Mar. 2024 was $51.9 Mil. Hence, Shimmick's Receivables Turnover for the three months ended in Mar. 2024 was 2.31.

Shimmick Receivables Turnover Historical Data

The historical data trend for Shimmick'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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Shimmick Receivables Turnover Chart

Shimmick Annual Data

Trend

Dec21

Dec22

Dec23

Receivables Turnover

4.40

7.12

11.44

Shimmick Quarterly Data
	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial				2.91	2.53	2.71	2.25	2.31

Competitive Comparison of Shimmick's Receivables Turnover

For the Engineering & Construction subindustry, Shimmick'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.

Shimmick's Receivables Turnover Distribution in the Construction Industry

For the Construction industry and Industrials sector, Shimmick's Receivables Turnover distribution charts can be found below:

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

Shimmick Receivables Turnover Calculation

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

Shimmick's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Receivables Turnover (A: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2023 )	/ (	(Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )
=	632.806	/ (	(56.43	+	54.178)	/	2 )
=	632.806	/	55.304
=	11.44

Shimmick's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	120.043	/ (	(54.178	+	49.7)	/	2 )
=	120.043	/	51.939
=	2.31

Shimmick (NAS:SHIM) 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.

Shimmick Receivables Turnover Related Terms

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Shimmick (Shimmick) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Shimmick Corp (NAS:SHIM) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

530 Technology Drive, Suite 300, Irvine, CA, USA, 92618

Website

https://www.shimmick.com

Shimmick Corp is a leading provider of water and other critical infrastructure solutions nationwide. It selectively focuses on the following types of infrastructure projects: Water Treatment, Water Resources, and Other Critical Infrastructure. In water treatment projects the company expands, rehabilitates, upgrades, builds and rebuilds water and wastewater treatment infrastructure, including desalination plants. In water resources projects company builds, expands, and improves water storage and conveyance, dams, levees, flood control systems, pump stations, and coastal protection. In Other Critical Infrastructure projects, It builds, retrofits, expands, rehabilitates, operates, and maintains its nation's critical infrastructure, including mass transit, bridges, and military infrastructure.

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