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. Argan's Revenue for the
three
months ended in Jan. 2024 was $164.6 Mil. Argan's average Accounts Receivable for the
three
months ended in Jan. 2024 was $48.6 Mil.
Hence, Argan's Receivables Turnover for the
three
months ended in Jan. 2024 was 3.38.
Argan Receivables Turnover Historical Data
The historical data trend for Argan'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 Argan's Receivables Turnover
For the Engineering & Construction subindustry, Argan'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.
Argan's Receivables Turnover Distribution in the Construction Industry
For the Construction industry and Industrials sector, Argan's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Argan's Receivables Turnover falls into.
Argan Receivables Turnover Calculation
Receivables Turnover measures the number of times a company collects its average accounts receivable balance.
Argan's Receivables Turnover for the fiscal year that ended in Jan. 2024 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.
Argan (NYSE:AGX) 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.
Argan Receivables Turnover Related Terms
Thank you for viewing the detailed overview of Argan's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
Argan Inc is a United States-based company that primarily operates in the power industry services segment through its wholly-owned subsidiaries. Gemma Power Systems and affiliates, one of Argan's subsidiaries, contributed almost all Argan's sales. GPS is a contractor that provides a full range of engineering, procurement, and construction services for power-generating projects. GPS' works encompass complete plant design, construction, electrical interconnection, plant testing, and commissioning. Argan also generates a small portion of sales from industrial fabrication and field services, as well as telecommunication infrastructure services. It operates in three segments: Power Services, Industrial Services, and Telecom Services, out of which Power Services derive majority revenue.
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