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Advent Technologies Holdings Inc (NASDAQ: ADN) |
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Advent Technologies Holdings Inc Accounts Receivables Turnover Ratio from the third quarter 2024 to the third quarter 2023
Quarterly Results, Trends, Rankings, Statistics
Advent Technologies Holdings Inc 's ability to collect its outstanding accounts receivable from its corporate clients, has improved in the third quarter 2024 to a ratio of 6.67, above the company average. This is a clear sign of healthy business climate in the Industrial Machinery and Components industry and improving liquidity at their respective customers, during the third quarter 2024. Average receivable collection period, for the Advent Technologies Holdings Inc in Sep 30 2024 quarter, has decreased to 55 days, compared to 58 days, in the Jun 30 2024 quarter.
If we take a look into Capital Goods sector 120 other companies have achieved higher receivables turnover ratio. While total ranking has deteriorated relative to the period ending Sep 30 2024 from 1922 to 1927.
What is Receivable Turnover Ratio?
What is Advent Technologies Holdings Inc Selling?
What is Receivable Turnover Ratio?
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Accounts Receivables Turnover▼
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Accounts Receivables Turnover▼
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| ADN Receivables Turnover Ratio |
(Sep 30 2024)
III. Quarter |
(Jun 30 2024)
II. Quarter |
(Dec 31 2023)
IV. Quarter |
(Sep 30 2023)
III. Quarter |
(Jun 30 2023)
II. Quarter |
| Y / Y Receivable Change |
-73.14 % |
63.77 % |
-80.49 % |
-58.08 % |
-60.09 % |
| Y / Y Revenue Change |
-88.49 % |
-17.6 % |
-23.05 % |
-47.31 % |
-50.02 % |
| Receivable Turnover Ratio (TTM) |
6.67 |
6.32 |
7.46 |
6.26 |
5.67 |
| ADN's Total
Ranking |
# 1927 |
# 1922 |
# 3106 |
# 2029 |
# |
| Average receivable collection period |
55 |
58 |
49 |
58 |
64 |
| Seq. Receivable Change |
-70.28 % |
382.72 % |
-77.07 % |
-18.33 % |
81.17 % |
| Seq. Revenue Change |
-84.1 % |
-46.55 % |
19.15 % |
13.67 % |
13.82 % |
| Receivable
Turnover Ratio Statistics |
| High |
Average |
Low |
| 7.46 |
4.47 |
2.1 |
| (Dec 31 2023) |
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(Sep 30 2021) |
| Companies with similar Receivables Turnover Ratio for the quarter ending Sep 30 2024, within Capital Goods Sector | Receivable Turnover Ratio | Revenues for 12 Months ending Sep 30 2024 | Receivable at quarter ending Sep 30 2024 | | Tri Pointe Homes Inc | 35.48 | $ 5,101.255 Millions | $ 143.783 Millions | | Byrna Technologies Inc | 34.83 | $ 71.781 Millions | $ 2.061 Millions | | Dream Homes and Development Corporation | 33.32 | $ 5.564 Millions | $ 0.167 Millions | | Skyline Champion Corporation | 33.26 | $ 2,221.580 Millions | $ 66.798 Millions | | Lockheed Martin Corporation | 30.15 | $ 71,295.000 Millions | $ 2,365.000 Millions | | Comfort Systems Usa inc | 28.53 | $ 6,517.238 Millions | $ 228.403 Millions | | Mastercraft Boat Holdings Inc | 24.71 | $ 327.059 Millions | $ 13.238 Millions | | Malibu Boats Inc | 22.72 | $ 743.510 Millions | $ 32.720 Millions | | Cavco Industries Inc | 21.85 | $ 1,850.521 Millions | $ 84.707 Millions | | Reliant Holdings Inc | 18.69 | $ 3.107 Millions | $ 0.166 Millions | | Forza X1 Inc | 18.39 | $ 0.575 Millions | $ 0.031 Millions | | Kb Home | 18.01 | $ 6,604.175 Millions | $ 366.700 Millions | | Dragonfly Energy Holdings Corp | 17.99 | $ 47.121 Millions | $ 2.620 Millions | | L3harris Technologies Inc | 16.86 | $ 21,244.000 Millions | $ 1,260.000 Millions | | Acorn Energy Inc | 16.78 | $ 10.308 Millions | $ 0.614 Millions | | Leonardo Drs Inc | 16.51 | $ 3,179.000 Millions | $ 192.500 Millions | | Shimmick Corporation | 16.15 | $ 831.556 Millions | $ 51.478 Millions | | Huntington Ingalls Industries Inc | 15.45 | $ 11,547.000 Millions | $ 747.250 Millions | | Energy Vault Holdings Inc | 15.19 | $ 130.287 Millions | $ 8.575 Millions | | Winnebago Industries Inc | 15.19 | $ 2,843.100 Millions | $ 187.225 Millions | | Fluor Corporation | 15.07 | $ 16,226.000 Millions | $ 1,076.500 Millions | | Cpi Aerostructures Inc | 14.82 | $ 82.628 Millions | $ 5.574 Millions | | Expion360 Inc | 14.27 | $ 5.365 Millions | $ 0.376 Millions | | Northrop Grumman Corp | 13.35 | $ 40,985.000 Millions | $ 3,070.500 Millions | | Sono Tek Corp | 12.68 | $ 20.651 Millions | $ 1.629 Millions | | Redwire Corporation | 12.01 | $ 296.175 Millions | $ 24.670 Millions | | Hillman Solutions Corp | 11.98 | $ 1,470.841 Millions | $ 122.738 Millions | | Sunrun Inc | 11.57 | $ 2,035.817 Millions | $ 176.031 Millions | | Ampco pittsburgh Corp | 11.16 | $ 425.477 Millions | $ 38.125 Millions | | Rocket Lab Usa Inc | 10.46 | $ 363.286 Millions | $ 34.742 Millions |
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Date modified: 2025-01-01T19:31:26+00:00
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