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. LSI Industries's Revenue for the
three
months ended in Dec. 2023 was $109.0 Mil. LSI Industries's average Accounts Receivable for the
three
months ended in Dec. 2023 was $77.2 Mil.
Hence, LSI Industries's Receivables Turnover for the
three
months ended in Dec. 2023 was 1.41.
LSI Industries Receivables Turnover Historical Data
The historical data trend for LSI 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 LSI Industries's Receivables Turnover
For the Electronic Components subindustry, LSI 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.
LSI Industries's Receivables Turnover Distribution in the Hardware Industry
For the Hardware industry and Technology sector, LSI Industries's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where LSI Industries's Receivables Turnover falls into.
LSI Industries Receivables Turnover Calculation
Receivables Turnover measures the number of times a company collects its average accounts receivable balance.
LSI Industries's Receivables Turnover for the fiscal year that ended in Jun. 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.
LSI Industries Receivables Turnover Related Terms
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LSI Industries (LSI Industries) Business Description
LSI Industries Inc provides corporate visual image solutions to the petroleum and convenience store industry. The company's operating segments include Lighting and Display Solutions. It generates maximum revenue from the Lighting segment. Lighting Segment manufactures and markets outdoor and indoor lighting and lighting controls for the commercial, industrial, and multi-site retail markets including the petroleum/convenience store, quick-service, and automotive markets. The Display Solutions Segment manufactures, sells and installs exterior and interior visual image and display elements, including printed graphics, structural graphics, digital signage, menu board systems, display fixtures, refrigerated displays, and custom display elements.
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