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. Servotronics's Revenue for the
three
months ended in Dec. 2023 was $12.34 Mil. Servotronics's average Accounts Receivable for the
three
months ended in Dec. 2023 was $12.18 Mil.
Hence, Servotronics's Receivables Turnover for the
three
months ended in Dec. 2023 was 1.01.
Servotronics Receivables Turnover Historical Data
The historical data trend for Servotronics'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 Servotronics's Receivables Turnover
For the Electrical Equipment & Parts subindustry, Servotronics'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.
Servotronics's Receivables Turnover Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, Servotronics's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Servotronics's Receivables Turnover falls into.
Servotronics Receivables Turnover Calculation
Receivables Turnover measures the number of times a company collects its average accounts receivable balance.
Servotronics'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.
Servotronics Receivables Turnover Related Terms
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Servotronics Inc is a U.S based company that designs, manufactures, and markets technology products consisting of control components and consumer products, consisting of knives and various types of cutlery and other edged products. The company operates in the segments of Technology Group, which is the key revenue-generating segment, and Consumer Products Group. Technology Group operations involve the design, manufacture, and marketing of servo-control components, which include torque motors, control valves, and actuators, among others for government, commercial and industrial applications. Consumer Products Group operations involve the designing, manufacturing, and marketing of a range of cutlery products for use by consumers and government agencies.
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