Newater Technology Inc 's ability to collect its outstanding accounts receivable from its corporate clients, has improved in the fourth quarter 2020 to a ratio of 1.86, above the company average. This is a clear sign of healthy business climate in the Professional Services industry and improving liquidity at their respective customers, during the fourth quarter 2020. Average receivable collection period, for the Newater Technology Inc in Dec 31 2020 quarter, has decreased to 196 days, compared to 232 days, in the 0 quarter.

If we take a look into Services sector 275 other companies have achieved higher receivables turnover ratio. While total ranking has deteriorated relative to the period ending Dec 31 2020 from 1887 to 1890.

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

What is Receivable Turnover Ratio?

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NEWA Receivables Turnover Ratio	(Dec 31 2020) IV. Quarter	0 III. Quarter	0 II. Quarter	0 I. Quarter	(Dec 31 2019) IV. Quarter
Y / Y Receivable Change	96.04 %	96.15 %	96.15 %	96.15 %	516.54 %
Y / Y Revenue Change	36.15 %	-	-	-	-20.12 %
Receivable Turnover Ratio (TTM)	1.86	1.57	1.83	2.17	2.69
NEWA's Total Ranking	# 1890	# 1887	# 3575	# 0	# 1890
Accounts Receivable average collection period days	196	232	200	168	136
Seq. Receivable Change	8.9 %	0 %	0 %	80.02 %	8.96 %
Seq. Revenue Change	-	-	-	-	-

Receivable Turnover Company Ranking
Within:	No.
Professional Services Industry	# 76
Services Sector	# 276
Overall Market	# 1890

Receivable Turnover Ratio Statistics
High	Average	Low
0.76	0.59	0.48
(Dec 31 2018)		(Dec 31 2019)

NEWA Company Profile • Back to NEWA Efficiency Comparisons • Compare NEWA Receivables Turnover Ratio to its Competitors

Financial Statements
Newater Technology Inc 's Accounts Receivable	$ 29 Millions	Visit NEWA's Balance sheet
Newater Technology Inc 's Sales TTM	$ 51 Millions	Visit NEWA's Income Statement
Sources of NEWA's Revenues		Visit NEWA's Sales by Geography

Other Accounts Receivable Turnover Ratios
Professional Services Industry Accounts Receivable Turnover Trends and Statistics
Services Sector Accounts Receivable Turnover Statistics
Accounts Receivables Turnover Trends for overall market
NEWA's Receivable Turnover Ratio versus Professional Services Industry, Services Sector and total Market
Highest Ranking Accounts Receivables Turnover
Lowest Ranking Accounts Receivables Turnover

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NEWA's Profitability Ratios	NEWA's Roi	NEWA's Asset Turnover Ratio	NEWA's Dividend Growth
NEWA's Valuation Ratios	NEWA's Roe	NEWA's Financial Strength Ratios	NEWA's Dividend Payout Ratio

Companies with similar Receivables Turnover Ratio for the quarter ending Dec 31 2020, within Services Sector	Receivable Turnover Ratio	Revenues for 12 Months ending Dec 31 2020	Receivable at quarter ending Dec 31 2020
Tuniu Corp	4.81	$ 69.006 Millions	$ 14.346 Millions
Mediaco Holding Inc	4.79	$ 39.261 Millions	$ 8.189 Millions
Cra International inc	4.79	$ 508.373 Millions	$ 106.132 Millions
Hilton Worldwide Holdings Inc	4.79	$ 4,307.000 Millions	$ 899.750 Millions
Rr Donnelley and Sons Co	4.77	$ 4,766.300 Millions	$ 998.475 Millions
Newmark Group Inc	4.77	$ 1,904.998 Millions	$ 399.675 Millions
The E w Scripps Company	4.76	$ 1,857.478 Millions	$ 390.020 Millions
Sharps Compliance Corp	4.70	$ 53.144 Millions	$ 11.317 Millions
Hemisphere Media Group inc.	4.69	$ 151.184 Millions	$ 32.202 Millions
Orbcomm Inc	4.69	$ 248.466 Millions	$ 52.965 Millions
Atlas Critical Minerals Corporation	4.69	$ 468.217 Millions	$ 99.822 Millions
Roku Inc	4.69	$ 1,778.388 Millions	$ 379.302 Millions
Stonemor Inc.	4.67	$ 265.147 Millions	$ 56.836 Millions
Intercontinental Hotels Group Plc	4.66	$ 2,394.000 Millions	$ 514.000 Millions
Pae Incorporated	4.63	$ 2,181.647 Millions	$ 470.972 Millions
Walt Disney Co	4.62	$ 60,744.000 Millions	$ 13,142.500 Millions
Rogers Communications Inc	4.62	$ 10,347.695 Millions	$ 2,239.473 Millions
Brookfield Infrastructure Partners l p	4.62	$ 8,885.000 Millions	$ 1,925.000 Millions
Array Digital Infrastructure Inc	4.59	$ 4,037.000 Millions	$ 879.000 Millions
Mcgrath Rentcorp	4.54	$ 572.554 Millions	$ 126.131 Millions
Izea Worldwide Inc	4.52	$ 18.330 Millions	$ 4.055 Millions
Cumulus Media Inc	4.51	$ 816.218 Millions	$ 180.924 Millions
Harte Hanks Inc	4.50	$ 176.900 Millions	$ 39.268 Millions
Scores Holding Co Inc	4.49	$ 0.263 Millions	$ 0.059 Millions
Trip com Group Limited	4.45	$ 2,807.000 Millions	$ 631.000 Millions
Brookfield Corporation	4.42	$ 62,752.000 Millions	$ 14,187.000 Millions
Entravision Communications Corporation	4.35	$ 344.026 Millions	$ 79.114 Millions
Everpure Inc	4.34	$ 1,684.179 Millions	$ 388.165 Millions
Laureate Education Inc	4.34	$ 1,024.917 Millions	$ 236.282 Millions
Stride Inc	4.33	$ 1,273.190 Millions	$ 294.052 Millions

Date modified: 2026-09-02T16:58:54+00:00

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