Nobility Homes (Nobility Homes) Receivables Turnover : 5.39 (As of Oct. 2023)

View and export this data going back to 2012. Start your Free Trial

What is Nobility Homes 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. Nobility Homes's Revenue for the three months ended in Oct. 2023 was $14.72 Mil. Nobility Homes's average Accounts Receivable for the three months ended in Oct. 2023 was $2.73 Mil. Hence, Nobility Homes's Receivables Turnover for the three months ended in Oct. 2023 was 5.39.

Nobility Homes Receivables Turnover Historical Data

The historical data trend for Nobility Homes'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.

* Premium members only.

Nobility Homes Receivables Turnover Chart

Nobility Homes Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Receivables Turnover

Get a 7-Day Free Trial

29.57

38.85

61.31

52.33

30.49

Nobility Homes Quarterly Data
	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23
Receivables Turnover	Get a 7-Day Free Trial															15.71	10.69	11.52	8.18	5.39

Competitive Comparison of Nobility Homes's Receivables Turnover

For the Residential Construction subindustry, Nobility Homes'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.

Nobility Homes's Receivables Turnover Distribution in the Homebuilding & Construction Industry

For the Homebuilding & Construction industry and Consumer Cyclical sector, Nobility Homes's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Nobility Homes's Receivables Turnover falls into.

Nobility Homes Receivables Turnover Calculation

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

Nobility Homes's Receivables Turnover for the fiscal year that ended in Oct. 2023 is calculated as

	Receivables Turnover (A: Oct. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Oct. 2023 )	/ (	(Accounts Receivable (A: Oct. 2022 )	+	Accounts Receivable (A: Oct. 2023 ))	/	count )
=	63.318	/ (	(1.289	+	2.865)	/	2 )
=	63.318	/	2.077
=	30.49

Nobility Homes's Receivables Turnover for the quarter that ended in Oct. 2023 is calculated as

	Receivables Turnover (Q: Oct. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Oct. 2023 )	/ (	(Accounts Receivable (Q: Jul. 2023 )	+	Accounts Receivable (Q: Oct. 2023 ))	/	count )
=	14.719	/ (	(2.596	+	2.865)	/	2 )
=	14.719	/	2.7305
=	5.39

Nobility Homes (OTCPK:NOBH) 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.

Nobility Homes Receivables Turnover Related Terms

Thank you for viewing the detailed overview of Nobility Homes's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Nobility Homes (Nobility Homes) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Homebuilding & Construction » Nobility Homes Inc (OTCPK:NOBH) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

3741 South west 7th Street, Ocala, FL, USA, 34474

Website

http://www.nobilityhomes.com

Nobility Homes Inc focuses on designing, manufacturing, and selling manufactured and modular homes through its own retail sales centers across Florida. It also sells its manufactured homes on a wholesale basis to independent manufactured home retail dealers and manufactured home communities. The company's homes are sold as unfurnished dwellings ready for permanent occupancy. The company recognizes revenue from retail sales of new manufactured homes, the sale of the repurchased homes upon transfer of title to the new purchaser, and revenues from its independent dealers.

Executives

Terry Earl Trexler	director, 10 percent owner, officer: President and CEO	P O BOX 240, JACKSONVILLE FL 32201
Terry E. Trexler Revocable Trust	10 percent owner	3741 S.W. 7TH STREET, OCALA FL 34474
Thomas W Trexler	director, officer: Executive Vice President
Terry E. Trexler Irrevocable Trust	10 percent owner	222 SOUTH PENNSYLVANIA AVE., SUITE 200, WINTER PARK FL 32789
Kay Charlton	10 percent owner	222 SOUTH PENNSYLVANIA AVE., SUITE 200, WINTER PARK FL 32789
Lynn J Cramer	officer: Treasurer (Chief Acctg. Off.)
Jean Etheredge	officer: Secretary
Edward C Sims	officer: Vice President