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. Inrad Optics's Revenue for the
three
months ended in Mar. 2024 was $2.89 Mil. Inrad Optics's average Accounts Receivable for the
three
months ended in Mar. 2024 was $1.46 Mil.
Hence, Inrad Optics's Receivables Turnover for the
three
months ended in Mar. 2024 was 1.98.
Inrad Optics Receivables Turnover Historical Data
The historical data trend for Inrad Optics'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 Inrad Optics's Receivables Turnover
For the Electronic Components subindustry, Inrad Optics'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.
Inrad Optics's Receivables Turnover Distribution in the Hardware Industry
For the Hardware industry and Technology sector, Inrad Optics's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Inrad Optics's Receivables Turnover falls into.
Inrad Optics Receivables Turnover Calculation
Receivables Turnover measures the number of times a company collects its average accounts receivable balance.
Inrad Optics'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.
Inrad Optics Receivables Turnover Related Terms
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Inrad Optics Inc develops, manufactures and markets products and services for use in photonics industry sectors. It is a vertically integrated manufacturer focusing on crystal-based optical components and devices, custom optical components from both glass and metal, and precision optical and optomechanical assemblies. Its product categories include Optical Components and Laser System Devices/Instrumentation. The company's customers include corporations in the defense, aerospace, laser systems, process control, and metrology sectors of the photonics industry, as well as the United States Government, National Laboratories and universities around the world.
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