Aryt Industries (XTAE:ARYT) Receivables Turnover : 1.19 (As of Jun. 2024)

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What is Aryt 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. Aryt Industries's Revenue for the six months ended in Jun. 2024 was ₪29.22 Mil. Aryt Industries's average Accounts Receivable for the six months ended in Jun. 2024 was ₪24.55 Mil. Hence, Aryt Industries's Receivables Turnover for the six months ended in Jun. 2024 was 1.19.

Aryt Industries Receivables Turnover Historical Data

The historical data trend for Aryt 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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Aryt Industries Receivables Turnover Chart

Aryt Industries Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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7.10

4.31

0.57

4.45

2.62

Aryt Industries Semi-Annual Data
	Dec13	Dec14	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Receivables Turnover	Get a 7-Day Free Trial															3.12	2.63	0.97	2.66	1.19

Competitive Comparison of Aryt Industries's Receivables Turnover

For the Aerospace & Defense subindustry, Aryt 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.

Aryt Industries's Receivables Turnover Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Aryt Industries's Receivables Turnover distribution charts can be found below:

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

Aryt Industries Receivables Turnover Calculation

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

Aryt Industries'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 )
=	57.883	/ (	(9.613	+	34.558)	/	2 )
=	57.883	/	22.0855
=	2.62

Aryt Industries's Receivables Turnover for the quarter that ended in Jun. 2024 is calculated as

	Receivables Turnover (Q: Jun. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Jun. 2024 ))	/	count )
=	29.22	/ (	(34.558	+	14.538)	/	2 )
=	29.22	/	24.548
=	1.19

Aryt Industries (XTAE:ARYT) 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.

Aryt Industries Receivables Turnover Related Terms

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Aryt Industries Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Aryt Industries Ltd (XTAE:ARYT) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

7 HaPlada Street, P.O. Box 696, Or Yehuda, ISR, 60256

Website

http://www.arytltd.com

Aryt Industries Ltd, through its subsidiaries, provides electronic weaponry arms for the military. It primarily engages in the production of electronic detonators as well as development of specific electronic detonators as per clients order.

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