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. Limbach Holdings's Revenue for the
three
months ended in Mar. 2024 was $119.0 Mil. Limbach Holdings's average Accounts Receivable for the
three
months ended in Mar. 2024 was $96.8 Mil.
Hence, Limbach Holdings's Receivables Turnover for the
three
months ended in Mar. 2024 was 1.23.
Limbach Holdings Receivables Turnover Historical Data
The historical data trend for Limbach Holdings'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 Limbach Holdings's Receivables Turnover
For the Building Products & Equipment subindustry, Limbach Holdings'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.
Limbach Holdings's Receivables Turnover Distribution in the Construction Industry
For the Construction industry and Industrials sector, Limbach Holdings's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Limbach Holdings's Receivables Turnover falls into.
Limbach Holdings Receivables Turnover Calculation
Receivables Turnover measures the number of times a company collects its average accounts receivable balance.
Limbach Holdings'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.
Limbach Holdings Receivables Turnover Related Terms
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Limbach Holdings (Limbach Holdings) Business Description
Limbach Holdings Inc is a commercial specialty contractor in the fields of heating, ventilation, air conditioning, plumbing, electrical, and building controls for the design and construction of new and renovated buildings, maintenance services, energy retrofits, and equipment upgrades. It operates in two segments namely General Contractor Relationships (GCR) and Owner Direct Relationships (ODR). The company generates maximum revenue from the GCR segment.
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