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
Ftai Aviation Ltd	4.81	$ 349.644 Millions	$ 72.664 Millions
Mediaco Holding Inc	4.79	$ 39.261 Millions	$ 8.189 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
The E w Scripps Company	4.76	$ 1,857.478 Millions	$ 390.020 Millions
Newmark Group Inc	4.76	$ 1,904.998 Millions	$ 400.240 Millions
Expedia Group Inc	4.75	$ 5,199.000 Millions	$ 1,094.000 Millions
Heidrick and Struggles International Inc	4.74	$ 629.370 Millions	$ 132.850 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
Roku Inc	4.69	$ 1,778.388 Millions	$ 379.302 Millions
Pae Incorporated	4.63	$ 2,181.647 Millions	$ 470.972 Millions
Mastermind Inc	4.60	$ 3.649 Millions	$ 0.793 Millions
Cynergistek Inc.	4.57	$ 18.872 Millions	$ 4.134 Millions
Mcgrath Rentcorp	4.54	$ 572.554 Millions	$ 126.131 Millions
Enviri Corp	4.53	$ 1,863.864 Millions	$ 411.631 Millions
Izea Worldwide Inc	4.52	$ 18.330 Millions	$ 4.055 Millions
Cumulus Media Inc	4.51	$ 816.218 Millions	$ 180.924 Millions
Fluent Inc	4.51	$ 310.719 Millions	$ 68.924 Millions
Walt Disney Co	4.51	$ 60,744.000 Millions	$ 13,478.250 Millions
Scores Holding Co Inc	4.49	$ 0.263 Millions	$ 0.059 Millions
Perma Fix Environmental Services Inc	4.47	$ 105.240 Millions	$ 23.552 Millions
Huale Acoustics Ltd	4.47	$ 0.769 Millions	$ 0.172 Millions
Brightstar Lottery Plc	4.46	$ 3,115.456 Millions	$ 698.596 Millions
Leju Holdings Ltd	4.44	$ 719.526 Millions	$ 162.089 Millions
Studio City International Holdings Limited	4.38	$ 49.208 Millions	$ 11.239 Millions
Harte Hanks Inc	4.35	$ 176.900 Millions	$ 40.646 Millions
Entravision Communications Corporation	4.35	$ 344.026 Millions	$ 79.114 Millions
Everpure Inc	4.33	$ 1,684.179 Millions	$ 388.724 Millions

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

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