Taronis Fuels (Taronis Fuels) Receivables Turnover : 1.29 (As of Sep. 2020)

View and export this data going back to 2020. Start your Free Trial

What is Taronis Fuels 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. Taronis Fuels's Revenue for the three months ended in Sep. 2020 was $9.66 Mil. Taronis Fuels's average Accounts Receivable for the three months ended in Sep. 2020 was $7.49 Mil. Hence, Taronis Fuels's Receivables Turnover for the three months ended in Sep. 2020 was 1.29.

Taronis Fuels Receivables Turnover Historical Data

The historical data trend for Taronis Fuels'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.

* Premium members only.

Taronis Fuels Receivables Turnover Chart

Taronis Fuels Annual Data

Trend

Dec17

Dec18

Dec19

Receivables Turnover

9.54

10.88

9.73

Taronis Fuels Quarterly Data
	Dec17	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20
Receivables Turnover	Get a 7-Day Free Trial					1.78	1.67	1.65	2.40	1.29

Competitive Comparison of Taronis Fuels's Receivables Turnover

For the Utilities - Renewable subindustry, Taronis Fuels'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.

Taronis Fuels's Receivables Turnover Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Taronis Fuels's Receivables Turnover distribution charts can be found below:

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

Taronis Fuels Receivables Turnover Calculation

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

Taronis Fuels's Receivables Turnover for the fiscal year that ended in Dec. 2019 is calculated as

	Receivables Turnover (A: Dec. 2019 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2019 )	/ (	(Accounts Receivable (A: Dec. 2018 )	+	Accounts Receivable (A: Dec. 2019 ))	/	count )
=	21.084	/ (	(1.395	+	2.939)	/	2 )
=	21.084	/	2.167
=	9.73

Taronis Fuels's Receivables Turnover for the quarter that ended in Sep. 2020 is calculated as

	Receivables Turnover (Q: Sep. 2020 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2020 )	/ (	(Accounts Receivable (Q: Jun. 2020 )	+	Accounts Receivable (Q: Sep. 2020 ))	/	count )
=	9.662	/ (	(4.429	+	10.553)	/	2 )
=	9.662	/	7.491
=	1.29

Taronis Fuels (OTCPK:TRNFQ) 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.

Taronis Fuels Receivables Turnover Related Terms

Thank you for viewing the detailed overview of Taronis Fuels's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Taronis Fuels (Taronis Fuels) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Taronis Fuels Inc (OTCPK:TRNFQ) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

24980 N. 83rd Avenue, Suite 100, Peoria, AZ, USA, 85383

Website

https://www.taronisfuels.com

Taronis Fuels Inc is a renewable fuel and power generation company. It is a holding company of various gas and welding supply companies. It supplies industrial gases and welding equipment and services to the retail and wholesale metalworking and manufacturing industries. The company also sells and distributes a synthetic gas namely, MagneGas which is a renewable alternative cutting fuel. It has retail locations located throughout California, Texas, Louisiana and Florida.

Executives

Scott Mahoney	director, officer: Chief Executive Officer	4800 NORTH SCOTTSDALE ROAD SUITE 1400 SCOTTSDALE AZ 85251
Dingess, Robert L.	director	150 RAINVILLE ROAD TARPON SPRINGS FL 34689
Tyler B. Wilson	officer: CFO/Treasurer/Secretary	P.O. BOX 8129 ASPEN CO 81612
Kevin Pollack	director	150 RAINVILLE ROAD, TARPON SPRINGS FL 34689
Staunton William W Iii	director