Nano Magic Inc 's ability to collect its outstanding accounts receivable from its corporate clients, has improved in the third quarter 2024 to a ratio of 12.19, above the company average. This is a clear sign of healthy business climate in the Chemical Manufacturing industry and improving liquidity at their respective customers, during the third quarter 2024. Average receivable collection period, for the Nano Magic Inc in Sep 30 2024 quarter, has decreased to 30 days, compared to 33 days, in the Jun 30 2024 quarter.

If we take a look into Basic Materials sector 35 other companies have achieved higher receivables turnover ratio. While receivables turnover ratio total ranking has improved thus far to 915, from overall ranking in the second quarter 2024 at 988.

What is Receivable Turnover Ratio?
What is Nano Magic Inc Selling?

What is Receivable Turnover Ratio?

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NMGX Receivables Turnover Ratio	(Sep 30 2024) III. Quarter	(Jun 30 2024) II. Quarter	(Mar 31 2024) I. Quarter	(Dec 31 2023) IV. Quarter	(Sep 30 2023) III. Quarter
Y / Y Receivable Change	-22.63 %	-71.61 %	-59.09 %	-40.02 %	-9.71 %
Y / Y Revenue Change	-2.72 %	-13.07 %	-16.77 %	-60.47 %	-18.45 %
Receivable Turnover Ratio (TTM)	12.19	11.13	8.75	7.66	8.22
NMGX's Total Ranking	# 915	# 988	# 1448	# 871	# 1805
Accounts Receivable average collection period days	30	33	42	48	44
Seq. Receivable Change	147.76 %	-29.75 %	-31.62 %	-34.99 %	-9.09 %
Seq. Revenue Change	3.84 %	6.29 %	93.77 %	-54.51 %	-7.21 %

Receivable Turnover Company Ranking
Within:	No.
Chemical Manufacturing Industry	# 9
Basic Materials Sector	# 36
Overall Market	# 915

Receivable Turnover Ratio Statistics
High	Average	Low
15.12	9.37	1.78
(Sep 30 2019)		(June 30. 2016)

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

Financial Statements
Nano Magic Inc 's Accounts Receivable	$ 0 Millions	Visit NMGX's Balance sheet
Nano Magic Inc 's Sales TTM	$ 2 Millions	Visit NMGX's Income Statement
Sources of NMGX's Revenues		Visit NMGX's Sales by Geography

Other Accounts Receivable Turnover Ratios
Chemical Manufacturing Industry Accounts Receivable Turnover Trends and Statistics
Basic Materials Sector Accounts Receivable Turnover Statistics
Accounts Receivables Turnover Trends for overall market
NMGX's Receivable Turnover Ratio versus Chemical Manufacturing Industry, Basic Materials Sector and total Market
Highest Ranking Accounts Receivables Turnover
Lowest Ranking Accounts Receivables Turnover

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NMGX's Growth Rates	NMGX's Roa	NMGX's Inventory Turnover Ratio	NMGX's Dividend Comparisons
NMGX's Profitability Ratios	NMGX's Roi	NMGX's Asset Turnover Ratio	NMGX's Dividend Growth
NMGX's Valuation Ratios	NMGX's Roe	NMGX's Financial Strength Ratios	NMGX's Dividend Payout Ratio

Companies with similar Receivables Turnover Ratio for the quarter ending Sep 30 2024, within Basic Materials Sector	Receivable Turnover Ratio	Revenues for 12 Months ending Sep 30 2024	Receivable at quarter ending Sep 30 2024
It Tech Packaging Inc	22.68	$ 73.967 Millions	$ 3.261 Millions
Idaho Strategic Resources Inc	20.82	$ 21.955 Millions	$ 1.054 Millions
Century Aluminum Company	20.32	$ 2,102.100 Millions	$ 103.425 Millions
The Azek Company Inc	20.28	$ 1,441.448 Millions	$ 71.079 Millions
Suncoke Energy Inc	18.52	$ 1,970.000 Millions	$ 106.375 Millions
Louisiana pacific Corporation	18.47	$ 2,918.000 Millions	$ 158.000 Millions
Hecla Mining Company	17.72	$ 840.189 Millions	$ 47.405 Millions
Newmont Corporation	17.25	$ 16,987.000 Millions	$ 984.500 Millions
Valvoline Inc	17.18	$ 1,618.800 Millions	$ 94.250 Millions
Gold Resource Corp	15.72	$ 72.630 Millions	$ 4.622 Millions
Boise Cascade Company	15.36	$ 6,799.497 Millions	$ 442.591 Millions
American Woodmark Corp	15.17	$ 1,785.957 Millions	$ 117.760 Millions
Lsb Industries Inc	14.81	$ 519.511 Millions	$ 35.074 Millions
Freeport mcmoran Inc	14.64	$ 25,640.000 Millions	$ 1,751.750 Millions
Xpel Inc	14.63	$ 416.706 Millions	$ 28.478 Millions
Ssr Mining Inc	14.41	$ 1,098.328 Millions	$ 76.195 Millions
Flotek Industries Inc	14.12	$ 176.299 Millions	$ 12.485 Millions
Karat Packaging Inc	13.30	$ 416.943 Millions	$ 31.356 Millions
Centrus Energy Corp	12.78	$ 392.600 Millions	$ 30.725 Millions
Alto Ingredients Inc	12.64	$ 1,017.882 Millions	$ 80.552 Millions
Techprecision Corp	12.48	$ 33.182 Millions	$ 2.659 Millions
Nano Magic Inc	12.19	$ 2.136 Millions	$ 0.175 Millions
Alcoa Corp	11.32	$ 11,004.000 Millions	$ 972.500 Millions
Cleveland cliffs Inc	11.31	$ 19,972.000 Millions	$ 1,766.000 Millions
Steel Dynamics Inc	11.19	$ 17,899.842 Millions	$ 1,599.253 Millions
Bluelinx Holdings Inc	11.06	$ 2,953.223 Millions	$ 267.060 Millions
United States Steel Corp	11.05	$ 16,275.000 Millions	$ 1,473.250 Millions
Lyondellbasell Industries N v	10.94	$ 40,734.000 Millions	$ 3,723.500 Millions
Quanex Building Products Corporation	10.88	$ 1,277.862 Millions	$ 117.408 Millions
Armstrong World Industries Inc	10.86	$ 1,389.700 Millions	$ 128.000 Millions

Date modified: 2026-09-12T06:19:56+00:00

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