ReTo Eco-Solutions (ReTo Eco-Solutions) Receivables Turnover : 2.48 (As of Dec. 2023)

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What is ReTo Eco-Solutions 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. ReTo Eco-Solutions's Revenue for the six months ended in Dec. 2023 was $2.00 Mil. ReTo Eco-Solutions's average Accounts Receivable for the six months ended in Dec. 2023 was $0.81 Mil. Hence, ReTo Eco-Solutions's Receivables Turnover for the six months ended in Dec. 2023 was 2.48.

ReTo Eco-Solutions Receivables Turnover Historical Data

The historical data trend for ReTo Eco-Solutions'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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ReTo Eco-Solutions Receivables Turnover Chart

ReTo Eco-Solutions Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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1.36

1.18

2.18

5.00

2.01

ReTo Eco-Solutions Semi-Annual Data
	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial												3.98	1.79	1.45	0.91	2.48

Competitive Comparison of ReTo Eco-Solutions's Receivables Turnover

For the Building Materials subindustry, ReTo Eco-Solutions'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.

ReTo Eco-Solutions's Receivables Turnover Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, ReTo Eco-Solutions's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where ReTo Eco-Solutions's Receivables Turnover falls into.

ReTo Eco-Solutions Receivables Turnover Calculation

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

ReTo Eco-Solutions's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Receivables Turnover (A: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2023 )	/ (	(Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )
=	3.236	/ (	(2.15	+	1.062)	/	2 )
=	3.236	/	1.606
=	2.01

ReTo Eco-Solutions's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Jun. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	2.003	/ (	(0.555	+	1.062)	/	2 )
=	2.003	/	0.8085
=	2.48

ReTo Eco-Solutions (NAS:RETO) 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.

ReTo Eco-Solutions Receivables Turnover Related Terms

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ReTo Eco-Solutions (ReTo Eco-Solutions) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » ReTo Eco-Solutions Inc (NAS:RETO) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

C/o Beijing REIT Technology Development Co., Ltd., X-702, Runfengdeshangyuan, 60 Anli Road, Chaoyang District, Beijing, CHN, 100101

Website

http://www.retoeco.com

ReTo Eco-Solutions Inc is a manufacturer and distributor of eco-friendly construction materials and fly-ash, as well as equipment used to produce these eco-friendly construction materials. The company engaged in providing consultation, design, project implementation and construction of urban ecological environments for capturing, controlling and re-using rainwater. It operates through four segments namely Machinery and Equipment sales, Construction materials sales, Municipal Construction Projects, and Technology Consulting and other services. The company earns its revenue from Machinery and Equipment sales segment. Geographically, it derives a majority of its revenue from China.