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. SIFCO Industries's Revenue for the
three
months ended in Mar. 2024 was $26.54 Mil. SIFCO Industries's average Accounts Receivable for the
three
months ended in Mar. 2024 was $21.66 Mil.
Hence, SIFCO Industries's Receivables Turnover for the
three
months ended in Mar. 2024 was 1.23.
SIFCO Industries Receivables Turnover Historical Data
The historical data trend for SIFCO Industries'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 SIFCO Industries's Receivables Turnover
For the Aerospace & Defense subindustry, SIFCO Industries'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.
SIFCO Industries's Receivables Turnover Distribution in the Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, SIFCO Industries's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where SIFCO Industries's Receivables Turnover falls into.
SIFCO Industries Receivables Turnover Calculation
Receivables Turnover measures the number of times a company collects its average accounts receivable balance.
SIFCO Industries's Receivables Turnover for the fiscal year that ended in Sep. 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.
SIFCO Industries Receivables Turnover Related Terms
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SIFCO Industries (SIFCO Industries) Business Description
SIFCO Industries Inc is engaged in the production of forgings and machined components for the Aerospace and Energy, Defense and Commercial Space markets. Its processes and services include forging, heat-treating and machining. It serves original equipment manufacturers (OEM) as well as aftermarket customers. Its products are made of steel, stainless steel, titanium and aluminium and include OEM and aftermarket components for aircraft and industrial gas turbine engines, steam turbine blades, structural airframe components, aircraft landing gear components, aircraft wheels and brakes, critical rotating components for helicopters and industrial products. Substantial revenue is derived from North America as well as operates in Europe.
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