Accounts Receivable turnover ratio remained unchanged during the third quarter 2024, compared to the previous quarter at 0.35 pointing to a challenging and on top of that deteriorating business climate for the Professional Services industry. Average collection period, for Rocky Mountain Industrials Inc 's accounts receivable remained unchanged at 1043 days, in the Dec 31 2023 quarter.

If we take a look into Services sector 553 other companies have achieved higher receivables turnover ratio. While total ranking has deteriorated relative to the period ending Dec 31 2023 from 2169 to 3798.

What is Receivable Turnover Ratio?
What is Rocky Mountain Industrials Inc Selling?

What is Receivable Turnover Ratio?

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RMRI Receivables Turnover Ratio	(Dec 31 2023) III. Quarter	(Sep 30 2023) II. Quarter	(Jun 30 2023) I. Quarter	(Mar 31 2023) IV. Quarter	(Dec 31 2022) III. Quarter
Y / Y Receivable Change	-61.51 %	-3.97 %	9.82 %	4.29 %	-8.67 %
Y / Y Revenue Change	-52.03 %	-30.04 %	-26.51 %	-80.56 %	-82.83 %
Receivable Turnover Ratio (TTM)	0.35	0.35	0.39	0.42	0.67
RMRI's Total Ranking	# 3798	# 2169	# 3662	# 3492	# 3556
Accounts Receivable average collection period days	1053	1041	933	864	545
Seq. Receivable Change	-45.77 %	10.63 %	-45.87 %	18.52 %	35.3 %
Seq. Revenue Change	-42.16 %	49.92 %	19.5 %	-53.71 %	-15.65 %

Receivable Turnover Company Ranking
Within:	No.
Professional Services Industry	# 125
Services Sector	# 554
Overall Market	# 3798

Receivable Turnover Ratio Statistics
High	Average	Low
29.18	7.71	-0.62
(Dec 31 2018)		(Mar 31 2021)

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

Financial Statements
Rocky Mountain Industrials Inc 's Accounts Receivable	$ 1 Millions	Visit RMRI's Balance sheet
Rocky Mountain Industrials Inc 's Sales TTM	$ 1 Millions	Visit RMRI's Income Statement
Sources of RMRI's Revenues		Visit RMRI'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
RMRI'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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Companies with similar Receivables Turnover Ratio for the quarter ending Dec 31 2023, within Services Sector	Receivable Turnover Ratio	Revenues for 12 Months ending Dec 31 2023	Receivable at quarter ending Dec 31 2023
Wilhelmina International Inc	1.81	$ 17.212 Millions	$ 9.520 Millions
Acv Auctions Inc	1.76	$ 481.234 Millions	$ 273.241 Millions
China Liberal Education Holdings Limited	1.75	$ 2.886 Millions	$ 1.651 Millions
Hilton Grand Vacations Inc	1.69	$ 3,978.000 Millions	$ 2,350.500 Millions
Remark Holdings Inc	1.68	$ 4.402 Millions	$ 2.624 Millions
Interpublic Group Of Companies Inc	1.63	$ 10,889.300 Millions	$ 6,698.675 Millions
Corpay Inc	1.56	$ 3,757.719 Millions	$ 2,411.687 Millions
Flywheel Advanced Technology Inc	1.53	$ 2.074 Millions	$ 1.357 Millions
Sunrise Real Estate Group Inc	1.51	$ 24.834 Millions	$ 16.432 Millions
Travel and Leisure Co	1.43	$ 3,750.000 Millions	$ 2,618.000 Millions
Huahui Education Group Limited	1.42	$ 1.371 Millions	$ 0.966 Millions
Starbox Group Holdings Ltd	1.22	$ 11.741 Millions	$ 9.619 Millions
Dlt Resolution Inc	1.22	$ 0.143 Millions	$ 0.117 Millions
Cmg Holdings Group Inc	1.19	$ 2.035 Millions	$ 1.705 Millions
Nuscale Power Corporation	1.15	$ 21.849 Millions	$ 19.057 Millions
Tim S a	1.12	$ 4,528.440 Millions	$ 4,041.549 Millions
GlobalTech Corp	1.01	$ 10.614 Millions	$ 10.483 Millions
Pop Culture Group Co Ltd	0.94	$ 18.543 Millions	$ 19.751 Millions
First High school Education Group Co Ltd	0.89	$ 39.538 Millions	$ 44.269 Millions
Odyssey Marine Exploration Inc	0.82	$ 0.804 Millions	$ 0.978 Millions
Hirequest Inc	0.73	$ 37.882 Millions	$ 52.041 Millions
Wex Inc	0.70	$ 2,548.000 Millions	$ 3,626.100 Millions
Mdjm Ltd	0.68	$ 0.145 Millions	$ 0.214 Millions
Lixiang Education Holding Co Ltd	0.67	$ 7.157 Millions	$ 10.751 Millions
Waste Energy Corp	0.65	$ 0.512 Millions	$ 0.794 Millions
Atif Holdings Ltd	0.60	$ 0.400 Millions	$ 0.668 Millions
Rocky Mountain Industrials Inc	0.35	$ 0.566 Millions	$ 1.631 Millions
American Realty Investors Inc	0.30	$ 50.500 Millions	$ 169.240 Millions
Fangdd Network Group Ltd	0.29	$ 40.135 Millions	$ 138.983 Millions
Airnet Technology Inc	0.27	$ 0.845 Millions	$ 3.163 Millions

Date modified: 2026-09-08T15:11:09+00:00

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