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Liqtech International Inc  (LIQT)
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Liqtech International Inc Accounts Receivables Turnover Ratio from the third quarter 2023 to the third quarter 2022

Quarterly Results, Trends, Rankings, Statistics


Liqtech International Inc's ability to collect its outstanding accounts receivable from its corporate clients, has improved in the third quarter 2023 to a ratio of 5.77, 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 2023. Average receivable collection period, for the Liqtech International Inc in Sep 30 2023 quarter, has decreased to 63 days, compared to 64 days, in the Jun 30 2023 quarter.

If we take a look into Capital Goods sector 205 other companies have achieved higher receivables turnover ratio. While receivables turnover ratio total ranking has improved thus far to 2167, from overall ranking in the second quarter 2023 at 2369.

What is Receivable Turnover Ratio?
What is Liqtech International Inc Selling?


What is Receivable Turnover Ratio?




LIQT 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 36.57 % 22.28 % 27.1 % 18.02 % 27.32 %
Y / Y Revenue Change 49.71 % -17.05 % 10.29 % -34.25 % -20.21 %
Receivable Turnover Ratio (TTM) 5.77 5.71 6.35 6.57 7.71
LIQT's Total Ranking # 2167 # 2369 # 2311 # 2329 # 2419
Average receivable collection period 63 64 58 56 47
Seq. Receivable Change 31.19 % 8.2 % 18.43 % -18.76 % 17.47 %
Seq. Revenue Change 18.88 % 3.76 % -0.25 % 21.66 % -34.13 %


Receivable Turnover Company Ranking
Within: No.
Industrial Machinery and Components Industry # 73
Capital Goods Sector # 206
Overall Market # 2167

Receivable Turnover Ratio Statistics
High Average Low
1.13 0.68 0.36
(Mar 31 2019)   (Sep 30 2021)






Financial Statements
Liqtech International Inc's Accounts Receivable $ 4 Millions Visit LIQT's Balance sheet
Liqtech International Inc's Sales TTM $ 17 Millions Visit LIQT's Income Statement
Where are LIQT's Sales coming from? Visit LIQT's Sales by Geography

Other Accounts Receivable Turnover Ratios
Industrial Machinery and Components Industry Accounts Receivable Turnover Trends and Statistics
Capital Goods Sector Accounts Receivable Turnover Statistics
Accounts Receivables Turnover Trends for overall market
LIQT's Receivable Turnover Ratio versus Industrial Machinery and Components Industry, Capital Goods Sector and total Market
Highest Ranking Accounts Receivables Turnover
Lowest Ranking Accounts Receivables Turnover
Accounts Receivable Turnover for LIQT's Competitors
Receivables Turnover Ratio for LIQT's Suppliers
Accounts Receivables Turnover Ratio for LIQT's Customers

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



Companies with similar Receivables Turnover Ratio for the quarter ending Sep 30 2023, within Capital Goods Sector Receivable Turnover Ratio Revenues for 12 Months ending Sep 30 2023 Receivable at quarter ending Sep 30 2023
Sunworks Inc   12.07 $ 154.144  Millions$ 12.776  Millions
Sono Tek Corp  11.67 $ 16.485  Millions$ 1.413  Millions
Northrop Grumman Corp  11.53 $ 38,685.000  Millions$ 3,353.750  Millions
Argan Inc  11.31 $ 580.760  Millions$ 51.340  Millions
Bantec Inc   11.30 $ 2.324  Millions$ 0.206  Millions
Sunrun Inc   11.24 $ 2,352.375  Millions$ 209.313  Millions
Wabash National Corporation  10.88 $ 2,596.931  Millions$ 238.776  Millions
Harbor Custom Development Inc   10.77 $ 37.810  Millions$ 3.509  Millions
Concrete Leveling Systems Inc   10.56 $ 0.001  Millions$ 0.000  Millions
Aersale Corporation  10.51 $ 335.016  Millions$ 31.866  Millions
Nextracker Inc   10.49 $ 2,955.037  Millions$ 281.593  Millions
Stanley Black and Decker Inc   10.39 $ 16,031.400  Millions$ 1,542.225  Millions
Shimmick Corporation  10.23 $ 175.012  Millions$ 17.111  Millions
Cpi Aerostructures Inc   9.66 $ 85.405  Millions$ 8.842  Millions
Agco Corp  9.51 $ 14,510.100  Millions$ 1,525.575  Millions
Smith and Wesson Brands Inc   9.49 $ 511.980  Millions$ 53.977  Millions
Great Lakes Dredge and Dock Corporation  9.25 $ 554.399  Millions$ 59.930  Millions
Fluence Energy Inc   9.19 $ 2,217.955  Millions$ 241.307  Millions
Textron Inc   9.10 $ 13,427.000  Millions$ 1,475.750  Millions
Redwire Corporation  9.05 $ 233.331  Millions$ 25.773  Millions
Compx International inc  8.83 $ 157.359  Millions$ 17.825  Millions
Arts Way Manufacturing Co Inc  8.77 $ 32.391  Millions$ 3.695  Millions
The Gorman rupp Company  8.76 $ 644.625  Millions$ 73.580  Millions
Ferguson Plc  8.61 $ 29,604.000  Millions$ 3,439.250  Millions
Nauticus Robotics Inc   8.54 $ 13.996  Millions$ 1.639  Millions
Aar Corp  8.50 $ 2,093.500  Millions$ 246.225  Millions
Velo3d Inc   8.37 $ 105.536  Millions$ 12.603  Millions
Terex Corp  8.35 $ 5,229.200  Millions$ 625.975  Millions
The Manitowoc Company Inc   8.34 $ 2,252.700  Millions$ 269.950  Millions
Watsco Inc   8.30 $ 7,261.793  Millions$ 874.589  Millions

Date modified: 2023-11-12T07:38:28+00:00



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