Ameritek Ventures (Ameritek Ventures) Receivables Turnover : 1.66 (As of Mar. 2024)

Ameritek Ventures Receivables Turnover Chart

Ameritek Ventures Annual Data
	Trend	May11	May12	May13	May14	May15	May16	May17	May18	Dec22	Dec23
Receivables Turnover		Get a 7-Day Free Trial					-	-	-	2.88	3.75

Ameritek Ventures Quarterly Data
	Aug16	Nov16	Feb17	May17	Aug17	Nov17	Feb18	May18	Aug18	Nov18	Feb19	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															1.04	3.58	2.72	2.39	1.66

Competitive Comparison of Ameritek Ventures's Receivables Turnover

For the Specialty Industrial Machinery subindustry, Ameritek Ventures'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.

Ameritek Ventures's Receivables Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Ameritek Ventures's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Ameritek Ventures's Receivables Turnover falls into.

Ameritek Ventures Receivables Turnover Calculation

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

Ameritek Ventures's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as

Ameritek Ventures's Receivables Turnover for the quarter that ended in Mar. 2024 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.

Ameritek Ventures  (OTCPK:ATVK) 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.

Ameritek Ventures Receivables Turnover Related Terms

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Ameritek Ventures (Ameritek Ventures) Business Description