Delta CleanTech (XCNQ:DELT) Receivables Turnover : 0.62 (As of Dec. 2023)

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What is Delta CleanTech 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. Delta CleanTech's Revenue for the three months ended in Dec. 2023 was C$0.13 Mil. Delta CleanTech's average Accounts Receivable for the three months ended in Dec. 2023 was C$0.20 Mil. Hence, Delta CleanTech's Receivables Turnover for the three months ended in Dec. 2023 was 0.62.

Delta CleanTech Receivables Turnover Historical Data

The historical data trend for Delta CleanTech'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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Delta CleanTech Receivables Turnover Chart

Delta CleanTech Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

18.75

6.78

4.31

Delta CleanTech Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial							1.79	1.10	0.60	0.80	0.62

Competitive Comparison of Delta CleanTech's Receivables Turnover

For the Pollution & Treatment Controls subindustry, Delta CleanTech'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.

Delta CleanTech's Receivables Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Delta CleanTech's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Delta CleanTech's Receivables Turnover falls into.

Delta CleanTech Receivables Turnover Calculation

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

Delta CleanTech'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 )
=	1.032	/ (	(0.397	+	0.082)	/	2 )
=	1.032	/	0.2395
=	4.31

Delta CleanTech'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: Sep. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	0.127	/ (	(0.326	+	0.082)	/	2 )
=	0.127	/	0.204
=	0.62

Delta CleanTech (XCNQ:DELT) 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.

Delta CleanTech Receivables Turnover Related Terms

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Delta CleanTech (XCNQ:DELT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Delta CleanTech Inc (XCNQ:DELT) » Definitions » Receivables Turnover

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DCTIF:USA

Address

2308 Palisade Drive S.W., Calgary, AB, CAN, T2V 3V1

Website

https://www.deltacleantech.ca

Delta CleanTech Inc is a clean energy tech business. It is dedicated to providing clean technology solutions that address the environmental and social governance needs of corporations. The principal activity of Delta consists of four pillars namely CO2 capture, hydrogen production, solvent and ethanol purification, and carbon credit certification and trading. The Company operates in Canada, the United States, United Arab Emirates, Kazakhstan, and China.

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