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Erayak Power Solution Group Inc (NASDAQ: RAYA) |
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Erayak Power Solution Group Inc Accounts Receivables Turnover Ratio from the forth quarter 2023 to the forth quarter 2022
Quarterly Results, Trends, Rankings, Statistics
Erayak Power Solution Group Inc 's ability to collect accounts receivable sequentially worsen to 3.17, indicating more challenging environment then in the third quarter 2023, but still, it is a far cry from any concerns. Erayak Power Solution Group Inc 's Average receivable collection period in the Dec 31 2023 quarter, has increased to 115 days, from 99 days, in the 0 quarter.
If we take a look into Basic Materials sector 143 other companies have achieved higher receivables turnover ratio. While receivables turnover ratio total ranking has improved thus far to 1656, from overall ranking in the third quarter 2023 at 2957.
What is Receivable Turnover Ratio?
What is Erayak Power Solution Group Inc Selling?
What is Receivable Turnover Ratio?
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Select the Comparisons :
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Select the Ratio:
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Accounts Receivables Turnover▼
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Accounts Receivables Turnover▼
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| RAYA Receivables Turnover Ratio |
(Dec 31 2023)
IV. Quarter |
0
III. Quarter |
0
II. Quarter |
0
I. Quarter |
(Dec 31 2022)
IV. Quarter |
| Y / Y Receivable Change |
-36.2 % |
-36.2 % |
-36.2 % |
-36.2 % |
- |
| Y / Y Revenue Change |
-24.48 % |
- |
- |
- |
- |
| Receivable Turnover Ratio (TTM) |
3.17 |
3.67 |
3.27 |
2.94 |
2.68 |
| RAYA's Total
Ranking |
# 1656 |
# 2957 |
# 0 |
# 0 |
# 1638 |
| Average receivable collection period |
115 |
99 |
112 |
124 |
136 |
| Seq. Receivable Change |
0 % |
0 % |
0 % |
-36.2 % |
0 % |
| Seq. Revenue Change |
- |
- |
- |
- |
- |
| Receivable
Turnover Ratio Statistics |
| High |
Average |
Low |
| 0.72 |
0.65 |
0.58 |
| (Dec 31 2022) |
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(Dec 31 2023) |
| Companies with similar Receivables Turnover Ratio for the quarter ending Dec 31 2023, within Basic Materials Sector | Receivable Turnover Ratio | Revenues for 12 Months ending Dec 31 2023 | Receivable at quarter ending Dec 31 2023 | | Reliance Inc | 8.65 | $ 14,805.900 Millions | $ 1,712.025 Millions | | Sylvamo Corporation | 8.59 | $ 3,721.000 Millions | $ 433.000 Millions | | Myers Industries Inc | 8.56 | $ 812.086 Millions | $ 94.869 Millions | | National Steel Co | 8.56 | $ 8,633.211 Millions | $ 1,008.993 Millions | | Flotek Industries Inc | 8.52 | $ 187.263 Millions | $ 21.987 Millions | | American Rebel Holdings Inc | 8.48 | $ 19.552 Millions | $ 2.305 Millions | | Caesarstone Ltd | 8.45 | $ 565.231 Millions | $ 66.888 Millions | | Barrick Gold Corp | 8.40 | $ 11,397.000 Millions | $ 1,356.000 Millions | | Knife River Corporation | 8.37 | $ 2,830.350 Millions | $ 337.965 Millions | | O i Glass Inc | 8.31 | $ 7,105.000 Millions | $ 854.500 Millions | | Pure Bioscience Inc | 8.30 | $ 2.057 Millions | $ 0.248 Millions | | Tronox Holdings Plc | 8.28 | $ 2,850.000 Millions | $ 344.250 Millions | | Kaiser Aluminum Corporation | 8.27 | $ 3,087.000 Millions | $ 373.300 Millions | | Summit Materials Inc | 8.25 | $ 2,619.468 Millions | $ 317.564 Millions | | Hudbay Minerals Inc | 8.15 | $ 1,690.030 Millions | $ 207.334 Millions | | Rio Tinto Plc | 8.12 | $ 54,041.000 Millions | $ 6,659.000 Millions | | Enpro Inc | 8.11 | $ 1,058.800 Millions | $ 130.625 Millions | | Universal Stainless and Alloy Products Inc | 8.07 | $ 285.539 Millions | $ 35.376 Millions | | Fortune Brands Innovations Inc | 8.07 | $ 4,626.200 Millions | $ 573.250 Millions | | Southern Copper Corp | 8.04 | $ 9,895.800 Millions | $ 1,230.850 Millions | | Watts Water Technologies Inc | 7.97 | $ 2,055.900 Millions | $ 258.000 Millions | | Mueller Industries Inc | 7.94 | $ 3,420.345 Millions | $ 430.896 Millions | | Orla Mining Ltd | 7.93 | $ 233.527 Millions | $ 29.451 Millions | | Griffon Corporation | 7.89 | $ 2,678.078 Millions | $ 339.386 Millions | | Azz Inc | 7.87 | $ 1,399.508 Millions | $ 177.823 Millions | | Franklin Electric Co Inc | 7.86 | $ 2,065.008 Millions | $ 262.680 Millions | | U s Silica Holdings Inc | 7.85 | $ 1,552.022 Millions | $ 197.606 Millions | | Nano Magic Inc | 7.66 | $ 2.364 Millions | $ 0.308 Millions | | Vale s a | 7.66 | $ 41,784.000 Millions | $ 5,454.000 Millions | | Vulcan Materials Company | 7.65 | $ 7,781.900 Millions | $ 1,017.600 Millions |
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