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It Tech Packaging Inc   (ITP)
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It Tech Packaging Inc Accounts Receivables Turnover Ratio from the third quarter 2023 to the third quarter 2022

Quarterly Results, Trends, Rankings, Statistics


It Tech Packaging Inc 's ability to collect accounts receivable sequentially worsen to 11.49, indicating more challenging environment then in the second quarter 2023, but still, it is a far cry from any concerns. It Tech Packaging Inc 's Average receivable collection period in the Sep 30 2023 quarter, has increased to 32 days, from 29 days, in the Jun 30 2023 quarter.

If we take a look into Basic Materials sector 188 other companies have achieved higher receivables turnover ratio. While total ranking has deteriorated relative to the period ending Sep 30 2023 from 961 to 2237.

What is Receivable Turnover Ratio?
What is It Tech Packaging Inc Selling?


What is Receivable Turnover Ratio?




ITP Receivables Turnover Ratio (Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
(Sep 30 2022)
III. Quarter
Y / Y Receivable Change -46 % 111.72 % 70.61 % -96.43 % -97.56 %
Y / Y Revenue Change -50.26 % -5.56 % 27.83 % -98.6 % -
Receivable Turnover Ratio (TTM) 11.49 12.61 15.26 17.24 28.31
ITP's Total Ranking # 2237 # 961 # 610 # 601 # 961
Average receivable collection period 32 29 24 21 13
Seq. Receivable Change -71.7 % -1.51 % 32.6 % 46.12 % 10.95 %
Seq. Revenue Change -47.46 % 51.69 % -7.4 % -32.6 % -0.25 %


Receivable Turnover Company Ranking
Within: No.
Paper & Paper Products Industry # 11
Basic Materials Sector # 189
Overall Market # 2237

Receivable Turnover Ratio Statistics
High Average Low
3.2 1.05 0.44
(Sep 30 2022)   (Sep 30 2023)






Financial Statements
It Tech Packaging Inc 's Accounts Receivable $ 3 Millions Visit ITP's Balance sheet
It Tech Packaging Inc 's Sales TTM $ 87 Millions Visit ITP's Income Statement
Where are ITP's Sales coming from? Visit ITP's Sales by Geography

Other Accounts Receivable Turnover Ratios
Paper & Paper Products Industry Accounts Receivable Turnover Trends and Statistics
Basic Materials Sector Accounts Receivable Turnover Statistics
Accounts Receivables Turnover Trends for overall market
ITP's Receivable Turnover Ratio versus Paper & Paper Products Industry, Basic Materials Sector and total Market
Highest Ranking Accounts Receivables Turnover
Lowest Ranking Accounts Receivables Turnover
Accounts Receivable Turnover for ITP's Competitors
Receivables Turnover Ratio for ITP's Suppliers
Accounts Receivables Turnover Ratio for ITP's Customers

You may also want to know
ITP's Growth Rates ITP's Roa ITP's Inventory Turnover Ratio ITP's Dividend Comparisons
ITP's Profitability Ratios ITP's Roi ITP's Asset Turnover Ratio ITP's Dividend Growth
ITP's Valuation Ratios ITP's Roe ITP's Financial Strength Ratios ITP's Dividend Payout Ratio



Companies with similar Receivables Turnover Ratio for the quarter ending Sep 30 2023, within Basic Materials Sector Receivable Turnover Ratio Revenues for 12 Months ending Sep 30 2023 Receivable at quarter ending Sep 30 2023
Cps Technologies Corp  72.08 $ 26.633  Millions$ 0.370  Millions
Mesabi Trust  61.21 $ 78.180  Millions$ 1.277  Millions
Novagold Resources Inc  50.93 $ 21,659.000  Millions$ 425.250  Millions
Newmont Corporation  45.26 $ 11,055.000  Millions$ 244.250  Millions
Lake Area Corn Processors Llc  39.66 $ 287.402  Millions$ 7.247  Millions
The Healing Company Inc   36.94 $ 11.986  Millions$ 0.325  Millions
Century Aluminum Company  30.54 $ 2,201.700  Millions$ 72.100  Millions
Green Plains Inc   28.28 $ 3,497.394  Millions$ 123.684  Millions
Hycroft Mining Holding Corporation  27.70 $ 33.229  Millions$ 1.200  Millions
Cardinal Ethanol Llc  26.89 $ 502.735  Millions$ 18.696  Millions
Rex American Resources Corporation  25.15 $ 845.937  Millions$ 33.641  Millions
Red Trail Energy Llc  24.93 $ 199.645  Millions$ 8.009  Millions
Suncoke Energy Inc   23.40 $ 2,132.100  Millions$ 91.100  Millions
Coeur Mining Inc   23.36 $ 769.232  Millions$ 32.927  Millions
Gold Resource Corporation  22.40 $ 107.998  Millions$ 4.822  Millions
Valvoline Inc   21.29 $ 1,443.500  Millions$ 67.800  Millions
Westlake Chemical Partners Lp  20.31 $ 1,260.357  Millions$ 62.058  Millions
Safe and Green Holdings Corp   20.29 $ 18.670  Millions$ 0.920  Millions
Manuka Inc   19.21 $ 0.687  Millions$ 0.036  Millions
Hecla Mining Company  18.76 $ 753.461  Millions$ 40.168  Millions
Xpel Inc   17.53 $ 368.846  Millions$ 21.044  Millions
Boise Cascade Company  16.28 $ 7,161.691  Millions$ 439.973  Millions
American Woodmark Corporation  16.26 $ 1,932.203  Millions$ 118.853  Millions
Louisiana pacific Corporation  15.66 $ 2,458.000  Millions$ 157.000  Millions
Azek Co Inc   15.59 $ 1,370.316  Millions$ 87.903  Millions
Freeport mcmoran Inc   15.52 $ 22,708.000  Millions$ 1,462.750  Millions
Centrus Energy Corp   15.12 $ 342.400  Millions$ 22.650  Millions
Procter and Gamble Co  14.53 $ 83,265.000  Millions$ 5,731.000  Millions
Mp Materials Corp   13.49 $ 305.485  Millions$ 22.643  Millions
Futurefuel Corp   13.18 $ 388.729  Millions$ 29.487  Millions

Date modified: 2023-11-12T09:09:18+00:00



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