Webco Industries (Webco Industries) Receivables Turnover : 9.48 (As of Jul. 2023)

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What is Webco 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. Webco Industries's Revenue for the six months ended in Jul. 2023 was $686.9 Mil. Webco Industries's average Accounts Receivable for the six months ended in Jul. 2023 was $72.5 Mil. Hence, Webco Industries's Receivables Turnover for the six months ended in Jul. 2023 was 9.48.

Webco Industries Receivables Turnover Historical Data

The historical data trend for Webco 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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Webco Industries Receivables Turnover Chart

Webco Industries Annual Data

Trend

Jul05

Jul06

Jul12

Jul13

Jul14

Jul15

Jul16

Jul17

Jul18

Jul23

Receivables Turnover

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9.74

8.18

8.29

7.73

9.48

Webco Industries Semi-Annual Data
	Jul95	Jul96	Jul97	Jul98	Jul99	Jul00	Jul01	Jul02	Jul03	Jul04	Jul05	Jul06	Jul12	Jul13	Jul14	Jul15	Jul16	Jul17	Jul18	Jul23
Receivables Turnover	Get a 7-Day Free Trial															9.74	8.18	8.29	7.73	9.48

Competitive Comparison of Webco Industries's Receivables Turnover

For the Steel subindustry, Webco 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.

Webco Industries's Receivables Turnover Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Webco Industries's Receivables Turnover distribution charts can be found below:

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

Webco Industries Receivables Turnover Calculation

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

Webco Industries's Receivables Turnover for the fiscal year that ended in Jul. 2023 is calculated as

	Receivables Turnover (A: Jul. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jul. 2023 )	/ (	(Accounts Receivable (A: Jul. 2018 )	+	Accounts Receivable (A: Jul. 2023 ))	/	count )
=	686.916	/ (	(76.483	+	68.478)	/	2 )
=	686.916	/	72.4805
=	9.48

Webco Industries's Receivables Turnover for the quarter that ended in Jul. 2023 is calculated as

	Receivables Turnover (Q: Jul. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jul. 2023 )	/ (	(Accounts Receivable (Q: Jul. 2018 )	+	Accounts Receivable (Q: Jul. 2023 ))	/	count )
=	686.916	/ (	(76.483	+	68.478)	/	2 )
=	686.916	/	72.4805
=	9.48

Webco Industries (OTCPK:WEBC) 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.

Webco Industries Receivables Turnover Related Terms

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Webco Industries (Webco Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Webco Industries Inc (OTCPK:WEBC) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

9101 West 21st Street S, P.O. Box 100, Sand Springs, OK, USA, 74063

Website

https://www.webcotube.com

Webco Industries Inc is a specialty manufacturer of high-quality carbon and stainless steel tubing products that are designed to industry and customer specifications. The company's products include Welded tubing; Cold drawn- Welded and Cold drawn- Seamless. Its value-added services include bending, custom mill length, end formed/swaged, finning, heat treating, packaging, precision cutting, product availability and responsiveness.

Executives

Dana Suzette Weber	director, 10 percent owner, officer: Pres and COO
F William Weber	director, 10 percent owner, officer: Chmn and CEO
Bradley Scott Vetal	director	10701 E UTE STREET, TULSA OK 74116
Jack D Mccarthy	director
David Edward Boyer	officer: Sr VP - Tubing Oper and Secy
Michael Paul Howard	officer: Sr VP - Fin and Adm / CFO
Kenneth Eugene Case	director
Christopher Lee Kowalski	director, officer: Pres of 100% owned sub