Inrad Optics, Inc.'s ability to collect its outstanding accounts receivable from its corporate clients, has improved in the first quarter 2024 to a ratio of 7.5, above the company average. This is a clear sign of healthy business climate in the Scientific & Technical Instruments industry and improving liquidity at their respective customers, during the first quarter 2024. Average receivable collection period, for the Inrad Optics in Mar 31 2024 quarter, has decreased to 49 days, compared to 50 days, in the Dec 31 2023 quarter.

If we take a look into Technology sector 36 other companies have achieved higher receivables turnover ratio. While total ranking has deteriorated relative to the period ending Mar 31 2024 from to 414.

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What is Receivable Turnover Ratio?

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PHPG Receivables Turnover Ratio	(Mar 31 2024) I. Quarter	(Dec 31 2023) IV. Quarter	(Sep 30 2023) III. Quarter	(Jun 30 2023) II. Quarter	(Mar 31 2023) I. Quarter
Y / Y Receivable Change	-9.16 %	14.54 %	84.57 %	-3.95 %	-27.34 %
Y / Y Revenue Change	2.94 %	4.39 %	29.02 %	11.24 %	-15.67 %
Receivable Turnover Ratio (TTM)	7.5	7.31	7.46	8.11	7.75
PHPG's Total Ranking	# 414	#	#	#	#
Accounts Receivable average collection period days	49	50	49	45	47
Seq. Receivable Change	-16.22 %	-21.51 %	2.87 %	34.29 %	5.64 %
Seq. Revenue Change	-2.64 %	-11.86 %	-10.58 %	34.17 %	-1.28 %

Receivable Turnover Company Ranking
Within:	No.
Scientific & Technical Instruments Industry	# 3
Technology Sector	# 37
Overall Market	# 414

Receivable Turnover Ratio Statistics
High	Average	Low
1.08	1.08	1.08
(Dec 31 2011)

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

Financial Statements
Inrad Optics's Accounts Receivable	$ 1 Millions	Visit PHPG's Balance sheet
Inrad Optics's Sales TTM	$ 13 Millions	Visit PHPG's Income Statement
Sources of PHPG's Revenues		Visit PHPG's Sales by Geography

Other Accounts Receivable Turnover Ratios
Scientific & Technical Instruments Industry Accounts Receivable Turnover Trends and Statistics
Technology Sector Accounts Receivable Turnover Statistics
Accounts Receivables Turnover Trends for overall market
PHPG's Receivable Turnover Ratio versus Scientific & Technical Instruments Industry, Technology Sector and total Market
Highest Ranking Accounts Receivables Turnover
Lowest Ranking Accounts Receivables Turnover

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

Companies with similar Receivables Turnover Ratio for the quarter ending Mar 31 2024, within Technology Sector	Receivable Turnover Ratio	Revenues for 12 Months ending Mar 31 2024	Receivable at quarter ending Mar 31 2024
Netlist Inc	25.30	$ 95.548 Millions	$ 3.776 Millions
Ooma Inc	24.95	$ 240.318 Millions	$ 9.633 Millions
Weave Communications Inc	24.07	$ 177.699 Millions	$ 7.381 Millions
Gen Digital Inc	23.97	$ 3,812.000 Millions	$ 159.000 Millions
Airship Ai Holdings Inc	23.78	$ 19.936 Millions	$ 0.838 Millions
Amesite Inc	21.50	$ 0.262 Millions	$ 0.012 Millions
Immersion Corporation	21.47	$ 70.692 Millions	$ 3.293 Millions
Cargurus Inc	21.32	$ 896.452 Millions	$ 42.047 Millions
Upay Inc	21.18	$ 1.394 Millions	$ 0.066 Millions
Qxo Inc	21.16	$ 55.825 Millions	$ 2.638 Millions
Snap One Holdings Corp	21.12	$ 1,055.017 Millions	$ 49.943 Millions
Veritec Inc	20.99	$ 0.362 Millions	$ 0.017 Millions
Quicklogic Corp	20.06	$ 23.080 Millions	$ 1.151 Millions
Power Integrations Inc	19.64	$ 429.929 Millions	$ 21.892 Millions
Ziprecruiter Inc	19.55	$ 583.582 Millions	$ 29.848 Millions
Sonos Inc	19.32	$ 1,543.532 Millions	$ 79.887 Millions
Zapata Quantum Inc	19.11	$ 5.389 Millions	$ 0.282 Millions
Porch Group Inc	18.96	$ 458.376 Millions	$ 24.174 Millions
Vpr Brands Lp	18.00	$ 8.292 Millions	$ 0.461 Millions
Skillz Inc	17.75	$ 132.931 Millions	$ 7.490 Millions
Icoreconnect Inc	17.72	$ 9.035 Millions	$ 0.510 Millions
Blacksky Technology Inc	17.65	$ 100.331 Millions	$ 5.685 Millions
Intel Corporation	17.59	$ 55,237.000 Millions	$ 3,141.000 Millions
Heartcore Enterprises Inc	17.19	$ 42.740 Millions	$ 2.487 Millions
Iveda Solutions Inc	16.97	$ 4.928 Millions	$ 0.290 Millions
Tripadvisor Inc	16.47	$ 1,812.000 Millions	$ 110.000 Millions
Vimeo Inc	16.37	$ 417.523 Millions	$ 25.512 Millions
Paycor Hcm Inc	16.32	$ 630.191 Millions	$ 38.622 Millions
Taoweave Inc	16.18	$ 3.398 Millions	$ 0.210 Millions
Intrusion Inc	16.16	$ 5.176 Millions	$ 0.320 Millions

Date modified: 2026-09-08T15:22:17+00:00

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