Sterling Consolidated (Sterling Consolidated) Receivables Turnover : 1.60 (As of Sep. 2022)

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What is Sterling Consolidated 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. Sterling Consolidated's Revenue for the three months ended in Sep. 2022 was $4.73 Mil. Sterling Consolidated's average Accounts Receivable for the three months ended in Sep. 2022 was $2.95 Mil. Hence, Sterling Consolidated's Receivables Turnover for the three months ended in Sep. 2022 was 1.60.

Sterling Consolidated Receivables Turnover Historical Data

The historical data trend for Sterling Consolidated'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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Sterling Consolidated Receivables Turnover Chart

Sterling Consolidated Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Receivables Turnover

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9.83

8.37

8.25

6.88

7.87

Sterling Consolidated Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Receivables Turnover	Get a 7-Day Free Trial															1.59	1.69	1.71	1.60	1.60

Competitive Comparison of Sterling Consolidated's Receivables Turnover

For the Specialty Chemicals subindustry, Sterling Consolidated'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.

Sterling Consolidated's Receivables Turnover Distribution in the Chemicals Industry

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

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

Sterling Consolidated Receivables Turnover Calculation

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

Sterling Consolidated's Receivables Turnover for the fiscal year that ended in Dec. 2021 is calculated as

	Receivables Turnover (A: Dec. 2021 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2021 )	/ (	(Accounts Receivable (A: Dec. 2020 )	+	Accounts Receivable (A: Dec. 2021 ))	/	count )
=	10.445	/ (	(1.178	+	1.475)	/	2 )
=	10.445	/	1.3265
=	7.87

Sterling Consolidated's Receivables Turnover for the quarter that ended in Sep. 2022 is calculated as

	Receivables Turnover (Q: Sep. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2022 )	/ (	(Accounts Receivable (Q: Jun. 2022 )	+	Accounts Receivable (Q: Sep. 2022 ))	/	count )
=	4.728	/ (	(2.779	+	3.128)	/	2 )
=	4.728	/	2.9535
=	1.60

Sterling Consolidated (OTCPK:STCC) 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.

Sterling Consolidated Receivables Turnover Related Terms

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Sterling Consolidated (Sterling Consolidated) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Sterling Consolidated Corp (OTCPK:STCC) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

1105 Green Grove Road, Neptune, NJ, USA, 07753

Website

http://www.sterlingconsolidated.com

Sterling Consolidated Corp is engaged in the distribution and sale of O-rings used for sealing purposes. It also distributes rubber seals, oil seals, custom molded rubber parts, custom Teflon parts, Teflon rods, O-ring cord, bonded seals, O-ring kits, and stuffing box sealantsbna. These are used in different industries such as automotive, pump, transmissions, oil and energy, machinery, and packaging. It is mainly used as seals to prevent leakage of liquids or air. The company generates most of its revenues through the sale of O-rings and rubber seal products in the US.

Executives

Darren Derosa

director, 10 percent owner, officer: Chief Executive Officer

1105 GREEN GROVE ROAD, NEPTUNE NJ 07753