California Nanotechnologies (California Nanotechnologies) Receivables Turnover : 1.82 (As of Nov. 2023)

View and export this data going back to 2014. Start your Free Trial

What is California Nanotechnologies 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. California Nanotechnologies's Revenue for the three months ended in Nov. 2023 was $1.16 Mil. California Nanotechnologies's average Accounts Receivable for the three months ended in Nov. 2023 was $0.64 Mil. Hence, California Nanotechnologies's Receivables Turnover for the three months ended in Nov. 2023 was 1.82.

California Nanotechnologies Receivables Turnover Historical Data

The historical data trend for California Nanotechnologies'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.

California Nanotechnologies Receivables Turnover Chart

California Nanotechnologies Annual Data

Trend

Feb14

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Receivables Turnover

Get a 7-Day Free Trial

13.51

15.83

17.87

5.46

5.24

California Nanotechnologies Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
Receivables Turnover	Get a 7-Day Free Trial															2.32	1.89	2.00	1.54	1.82

Competitive Comparison of California Nanotechnologies's Receivables Turnover

For the Specialty Chemicals subindustry, California Nanotechnologies'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.

California Nanotechnologies's Receivables Turnover Distribution in the Chemicals Industry

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

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

California Nanotechnologies Receivables Turnover Calculation

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

California Nanotechnologies's Receivables Turnover for the fiscal year that ended in Feb. 2023 is calculated as

	Receivables Turnover (A: Feb. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Feb. 2023 )	/ (	(Accounts Receivable (A: Feb. 2022 )	+	Accounts Receivable (A: Feb. 2023 ))	/	count )
=	1.382	/ (	(0.351	+	0.176)	/	2 )
=	1.382	/	0.2635
=	5.24

California Nanotechnologies's Receivables Turnover for the quarter that ended in Nov. 2023 is calculated as

	Receivables Turnover (Q: Nov. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Nov. 2023 )	/ (	(Accounts Receivable (Q: Aug. 2023 )	+	Accounts Receivable (Q: Nov. 2023 ))	/	count )
=	1.159	/ (	(0.559	+	0.713)	/	2 )
=	1.159	/	0.636
=	1.82

California Nanotechnologies (OTCPK:CANOF) 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.

California Nanotechnologies Receivables Turnover Related Terms

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

California Nanotechnologies (California Nanotechnologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » California Nanotechnologies Corp (OTCPK:CANOF) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

CNO:Canada

Address

900, 517 - 10th Avenue S.W., Calgary, AB, CAN, T2R 0A8

Website

https://www.calnanocorp.com

California Nanotechnologies Corp engages in the production, and research and development of nanostructured components and materials. Its products include precision forged components, thermal spray powders, nano light alloy powders, nanoalloy billets, nano superalloy powders, cemented carbides, and tooling. The company products are used in Aerospace, Defense, Automotive, Medical, and Sport and Recreation industries.