Superior Drilling Products (STU:SDW) Receivables Turnover : 1.97 (As of Mar. 2024)

View and export this data going back to 2021. Start your Free Trial

What is Superior Drilling Products 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. Superior Drilling Products's Revenue for the three months ended in Mar. 2024 was €4.55 Mil. Superior Drilling Products's average Accounts Receivable for the three months ended in Mar. 2024 was €2.31 Mil. Hence, Superior Drilling Products's Receivables Turnover for the three months ended in Mar. 2024 was 1.97.

Superior Drilling Products Receivables Turnover Historical Data

The historical data trend for Superior Drilling Products'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.

Superior Drilling Products Receivables Turnover Chart

Superior Drilling Products Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

Get a 7-Day Free Trial

6.26

3.77

6.47

6.44

6.98

Superior Drilling Products Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															1.74	1.23	1.43	1.66	1.97

Competitive Comparison of Superior Drilling Products's Receivables Turnover

For the Oil & Gas Equipment & Services subindustry, Superior Drilling Products'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.

Superior Drilling Products's Receivables Turnover Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Superior Drilling Products's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Superior Drilling Products's Receivables Turnover falls into.

Superior Drilling Products Receivables Turnover Calculation

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

Superior Drilling Products'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 )
=	19.233	/ (	(3.06	+	2.448)	/	2 )
=	19.233	/	2.754
=	6.98

Superior Drilling Products's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	4.55	/ (	(2.448	+	2.168)	/	2 )
=	4.55	/	2.308
=	1.97

Superior Drilling Products (STU:SDW) 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.

Superior Drilling Products Receivables Turnover Related Terms

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

Superior Drilling Products (STU:SDW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Superior Drilling Products Inc (STU:SDW) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

SDPI:USA

Address

1583 South 1700 East, Vernal, UT, USA, 84078

Website

https://www.sdpi.com

Superior Drilling Products Inc is engaged in providing equipment and services to the oil and gas industry. It specialises in the design and manufacture of drilling tool technologies including the patented Drill-N-Ream wellbore conditioning tool and the patented Strider oscillation system technology. In addition, SDP is a manufacturer and refurbisher of PDC (polycrystalline diamond compact) drill bits for an oilfield services company. The company operates in North America and other international regions, of which key revenue is derived from North America.

Superior Drilling Products (STU:SDW) Headlines

No Headlines