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. Cadre Holdings's Revenue for the
three
months ended in Dec. 2023 was $124.6 Mil. Cadre Holdings's average Accounts Receivable for the
three
months ended in Dec. 2023 was $59.8 Mil.
Hence, Cadre Holdings's Receivables Turnover for the
three
months ended in Dec. 2023 was 2.08.
Cadre Holdings Receivables Turnover Historical Data
The historical data trend for Cadre Holdings'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.
Competitive Comparison of Cadre Holdings's Receivables Turnover
For the Aerospace & Defense subindustry, Cadre Holdings'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.
Cadre Holdings's Receivables Turnover Distribution in the Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Cadre Holdings's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Cadre Holdings's Receivables Turnover falls into.
Cadre Holdings Receivables Turnover Calculation
Receivables Turnover measures the number of times a company collects its average accounts receivable balance.
Cadre Holdings's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
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.
Cadre Holdings Receivables Turnover Related Terms
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Cadre Holdings (Cadre Holdings) Business Description
Cadre Holdings Inc is engaged in the design and manufacture of a diversified product portfolio of critical safety and survivability equipment to protect first responders, federal agencies, outdoor recreation, and personal protection markets. The Company's equipment provides critical protection to allow its users to safely and securely perform their duties and protect those around them in hazardous or life-threatening situations. Its operations are comprised of two reportable segments: Products and Distribution.
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