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Karat Packaging Inc   (KRT)
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Karat Packaging Inc Accounts Receivables Turnover Ratio from the forth quarter 2023 to the forth quarter 2022

Quarterly Results, Trends, Rankings, Statistics


Karat Packaging Inc 's ability to collect its outstanding accounts receivable from its corporate clients, has improved in the forth quarter 2023 to a ratio of 12.7, above the company average. This is a clear sign of healthy business climate in the Chemicals - Plastics & Rubber industry and improving liquidity at their respective customers, during the forth quarter 2023. Average collection period, for Karat Packaging Inc 's accounts receivable remained unchanged at 29 days, in the Dec 31 2023 quarter.

If we take a look into Basic Materials sector 14 other companies have achieved higher receivables turnover ratio. While receivables turnover ratio total ranking has improved thus far to 269, from overall ranking in the third quarter 2023 at 971.

What is Receivable Turnover Ratio?
What is Karat Packaging Inc Selling?


What is Receivable Turnover Ratio?




KRT Receivables Turnover Ratio (Dec 31 2023)
IV. Quarter
(Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
Y / Y Receivable Change -7.18 % -7.48 % -14.7 % -23.91 % -8.74 %
Y / Y Revenue Change 4.07 % -4.59 % -6.11 % -9.12 % 1.46 %
Receivable Turnover Ratio (TTM) 12.7 12.38 12.27 11.97 11.4
KRT's Total Ranking # 269 # 971 # 993 # 995 # 342
Average receivable collection period 29 29 30 30 32
Seq. Receivable Change -18.31 % 3.56 % -0.48 % 10.23 % -18.57 %
Seq. Revenue Change -8.11 % -2.7 % 12.59 % 3.38 % -15.75 %


Receivable Turnover Company Ranking
Within: No.
Chemicals - Plastics & Rubber Industry # 2
Basic Materials Sector # 15
Overall Market # 269

Receivable Turnover Ratio Statistics
High Average Low
1.84 1.68 1.45
(Jun 30 2022)   (Dec 31 2023)






Financial Statements
Karat Packaging Inc 's Accounts Receivable $ 28 Millions Visit KRT's Balance sheet
Karat Packaging Inc 's Sales TTM $ 405 Millions Visit KRT's Income Statement
Where are KRT's Sales coming from? Visit KRT's Sales by Geography

Other Accounts Receivable Turnover Ratios
Chemicals - Plastics & Rubber Industry Accounts Receivable Turnover Trends and Statistics
Basic Materials Sector Accounts Receivable Turnover Statistics
Accounts Receivables Turnover Trends for overall market
KRT's Receivable Turnover Ratio versus Chemicals - Plastics & Rubber Industry, Basic Materials Sector and total Market
Highest Ranking Accounts Receivables Turnover
Lowest Ranking Accounts Receivables Turnover
Accounts Receivable Turnover for KRT's Competitors
Receivables Turnover Ratio for KRT's Suppliers
Accounts Receivables Turnover Ratio for KRT's Customers

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



Companies with similar Receivables Turnover Ratio for the quarter ending Dec 31 2023, within Basic Materials Sector Receivable Turnover Ratio Revenues for 12 Months ending Dec 31 2023 Receivable at quarter ending Dec 31 2023
Arcelormittal  36.73 $ 68,275.000  Millions$ 1,859.000  Millions
Lake Area Corn Processors Llc  34.84 $ 280.441  Millions$ 8.050  Millions
Franco nevada Corporation  34.42 $ 1,218.600  Millions$ 35.400  Millions
Westlake Chemical Partners Lp  30.55 $ 1,190.791  Millions$ 38.985  Millions
B2gold Corp   30.39 $ 1,934.001  Millions$ 63.635  Millions
Green Plains Inc   27.46 $ 3,295.743  Millions$ 120.027  Millions
Century Aluminum Company  26.74 $ 2,184.900  Millions$ 81.700  Millions
Cardinal Ethanol Llc  26.22 $ 436.898  Millions$ 16.661  Millions
Coeur Mining Inc   25.99 $ 821.206  Millions$ 31.602  Millions
Newmont Corporation  25.71 $ 11,812.000  Millions$ 459.500  Millions
Red Trail Energy Llc  25.12 $ 198.603  Millions$ 7.907  Millions
Suncoke Energy Inc   23.72 $ 2,063.200  Millions$ 86.975  Millions
Valvoline Inc   19.93 $ 1,483.500  Millions$ 74.450  Millions
Methanex Corporation  18.81 $ 3,723.475  Millions$ 197.967  Millions
Xpel Inc   16.78 $ 395.414  Millions$ 23.565  Millions
Freeport mcmoran Inc   15.98 $ 22,855.000  Millions$ 1,430.000  Millions
Louisiana pacific Corporation  15.74 $ 2,581.000  Millions$ 164.000  Millions
Boise Cascade Company  15.73 $ 6,308.944  Millions$ 401.042  Millions
Procter and Gamble Co  14.65 $ 83,933.000  Millions$ 5,731.000  Millions
Idaho Strategic Resources Inc   13.71 $ 12.780  Millions$ 0.932  Millions
Solaris Oilfield Infrastructure inc   13.29 $ 292.947  Millions$ 22.049  Millions
Iamgold Corporation  12.94 $ 987.100  Millions$ 76.300  Millions
Karat Packaging Inc   12.70 $ 405.043  Millions$ 31.884  Millions
Centrus Energy Corp   12.57 $ 320.100  Millions$ 25.475  Millions
Futurefuel Corp   12.15 $ 364.979  Millions$ 30.033  Millions
Quanex Building Products Corporation  12.05 $ 1,107.822  Millions$ 91.904  Millions
Ur energy Inc   12.05 $ 17.679  Millions$ 1.467  Millions
Mp Materials Corp   11.95 $ 253.445  Millions$ 21.211  Millions
United States Steel Corp  11.76 $ 18,053.000  Millions$ 1,535.250  Millions
Novelis Inc   11.31 $ 16,530.000  Millions$ 1,461.750  Millions

Date modified: 2024-03-18T20:03:35+00:00



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