What is ToughBuilt 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. ToughBuilt Industries's Revenue for the
three
months ended in Sep. 2023 was $20.63 Mil. ToughBuilt Industries's average Accounts Receivable for the
three
months ended in Sep. 2023 was $8.41 Mil.
Hence, ToughBuilt Industries's Receivables Turnover for the
three
months ended in Sep. 2023 was 2.45.
ToughBuilt Industries Receivables Turnover Historical Data
The historical data trend for ToughBuilt 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.
Competitive Comparison of ToughBuilt Industries's Receivables Turnover
For the Tools & Accessories subindustry, ToughBuilt 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.
ToughBuilt Industries's Receivables Turnover Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, ToughBuilt Industries's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where ToughBuilt Industries's Receivables Turnover falls into.
* 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.
ToughBuilt Industries Receivables Turnover Related Terms
Thank you for viewing the detailed overview of ToughBuilt Industries's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
ToughBuilt Industries (ToughBuilt Industries) Business Description
ToughBuilt Industries Inc designs and distributes home improvement and construction product lines under the brand name TOUGHBUILT. Its major categories contain a total of approximately 11 product lines, consisting of Soft Goods, which includes kneepads, tool bags, pouches and tool belts; Metal Goods, which consists of sawhorses, tool stands and workbench and; Utility Products, which includes utility knives, aviation snips, shears, lasers and levels. Geographically, the group derives revenue from Canada, Europe, USA, and other countries, of which prime revenue is derived from the USA.
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