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Mind Technology Inc  (MIND)
Other Ticker:  
 
    Sector  Capital Goods    Industry Aerospace & Defense
   Industry Aerospace & Defense
   Sector  Capital Goods
 

Mind Technology Inc Accounts Receivables Turnover Ratio from the third quarter 2024 to the third quarter 2023

Quarterly Results, Trends, Rankings, Statistics


Mind Technology Inc's ability to collect its outstanding accounts receivable from its corporate clients, has improved in the third quarter 2024 to a ratio of 4.77, this is below the company average, and notable indication of worsening business environment. Average collection period, for Mind Technology Inc's accounts receivable remained unchanged at 77 days, in the Oct 31 2023 quarter.

If we take a look into Capital Goods sector 191 other companies have achieved higher receivables turnover ratio. While total ranking has deteriorated relative to the period ending Oct 31 2023 from 2773 to 2817.

What is Receivable Turnover Ratio?
What is Mind Technology Inc Selling?


What is Receivable Turnover Ratio?




MIND Receivables Turnover Ratio (Oct 31 2023)
III. Quarter
(Jul 31 2023)
II. Quarter
(Apr 30 2023)
I. Quarter
(Jan 31 2023)
IV. Quarter
(Oct 31 2022)
III. Quarter
Y / Y Receivable Change -0.36 % 7.3 % -21.36 % -50.86 % -58.89 %
Y / Y Revenue Change 1.84 % 0.42 % 38.51 % -98.19 % -41.49 %
Receivable Turnover Ratio (TTM) 4.77 4.75 4.85 3.86 6.56
MIND's Total Ranking # 2817 # 2773 # 2773 # 2806 # 2917
Average receivable collection period 76 77 75 95 56
Seq. Receivable Change -45.65 % -3.34 % 85.07 % 2.49 % -41.48 %
Seq. Revenue Change -43.15 % -30.48 % 2875.41 % -91.34 % -43.95 %


Receivable Turnover Company Ranking
Within: No.
Aerospace & Defense Industry # 28
Capital Goods Sector # 192
Overall Market # 2817

Receivable Turnover Ratio Statistics
High Average Low
23.01 5.38 2.15
(Oct 31 2020)   (Sep. 30, 2015)






Financial Statements
Mind Technology Inc's Accounts Receivable $ 4 Millions Visit MIND's Balance sheet
Mind Technology Inc's Sales TTM $ 27 Millions Visit MIND's Income Statement
Where are MIND's Sales coming from? Visit MIND's Sales by Geography

Other Accounts Receivable Turnover Ratios
Aerospace & Defense Industry Accounts Receivable Turnover Trends and Statistics
Capital Goods Sector Accounts Receivable Turnover Statistics
Accounts Receivables Turnover Trends for overall market
MIND's Receivable Turnover Ratio versus Aerospace & Defense Industry, Capital Goods Sector and total Market
Highest Ranking Accounts Receivables Turnover
Lowest Ranking Accounts Receivables Turnover
Accounts Receivable Turnover for MIND's Competitors
Receivables Turnover Ratio for MIND's Suppliers
Accounts Receivables Turnover Ratio for MIND's Customers

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



Companies with similar Receivables Turnover Ratio for the quarter ending Oct 31 2023, within Capital Goods Sector Receivable Turnover Ratio Revenues for 12 Months ending Oct 31 2023 Receivable at quarter ending Oct 31 2023
Terran Orbital Corporation  18.20 $ 130.131  Millions$ 7.151  Millions
Energy Vault Holdings Inc   17.59 $ 322.839  Millions$ 18.358  Millions
Greystone Logistics Inc   16.92 $ 58.423  Millions$ 3.454  Millions
Winnebago Industries Inc   16.08 $ 3,490.100  Millions$ 217.025  Millions
Black Bird Biotech Inc   15.60 $ 0.036  Millions$ 0.002  Millions
Phoenix Plus Corp   15.16 $ 0.529  Millions$ 0.035  Millions
Leonardo Drs Inc   15.07 $ 2,720.000  Millions$ 180.500  Millions
Ies Holdings Inc   14.92 $ 2,377.227  Millions$ 159.361  Millions
Legacy Housing Corporation  14.01 $ 230.981  Millions$ 16.489  Millions
L3harris Technologies Inc   13.64 $ 18,481.000  Millions$ 1,354.500  Millions
Hillman Solutions Corp   12.64 $ 1,479.332  Millions$ 117.030  Millions
Huntington Ingalls Industries Inc   12.59 $ 11,089.000  Millions$ 880.500  Millions
Shapeways Holdings Inc   12.41 $ 33.715  Millions$ 2.718  Millions
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

Date modified: 2023-12-15T16:16:17+00:00



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