Superior Drilling Products Inc 's ability to collect its outstanding accounts receivable from its corporate clients, has improved in the first quarter 2024 to a ratio of 6.46, above the company average. This is a clear sign of healthy business climate in the Miscellaneous Fabricated Products industry and improving liquidity at their respective customers, during the first quarter 2024. Average receivable collection period, for the Superior Drilling Products Inc in Mar 31 2024 quarter, has decreased to 57 days, compared to 60 days, in the Dec 31 2023 quarter.

If we take a look into Basic Materials sector 104 other companies have achieved higher receivables turnover ratio. While receivables turnover ratio total ranking has improved thus far to 1313, from overall ranking in the fourth quarter 2023 at 1700.

What is Receivable Turnover Ratio?
What is Superior Drilling Products Inc Selling?

What is Receivable Turnover Ratio?

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SDPI 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	-40.5 %	-17.61 %	-40.28 %	67.45 %	25.47 %
Y / Y Revenue Change	-21.25 %	-18.68 %	-2.33 %	18.2 %	52.08 %
Receivable Turnover Ratio (TTM)	6.46	6.1	6.13	5.53	6.03
SDPI's Total Ranking	# 1313	# 1700	# 1029	# 783	# 713
Accounts Receivable average collection period days	56	60	60	66	60
Seq. Receivable Change	-11.77 %	9.5 %	-47.98 %	18.39 %	22.17 %
Seq. Revenue Change	15.76 %	-15.43 %	-5.87 %	-14.55 %	19.55 %

Receivable Turnover Company Ranking
Within:	No.
Miscellaneous Fabricated Products Industry	# 28
Basic Materials Sector	# 105
Overall Market	# 1313

Receivable Turnover Ratio Statistics
High	Average	Low
1.2	0.75	0.2
(Mar 31 2023)		(Dec 31 2016)

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

Financial Statements
Superior Drilling Products Inc 's Accounts Receivable	$ 2 Millions	Visit SDPI's Balance sheet
Superior Drilling Products Inc 's Sales TTM	$ 20 Millions	Visit SDPI's Income Statement
Sources of SDPI's Revenues		Visit SDPI's Sales by Geography

Other Accounts Receivable Turnover Ratios
Miscellaneous Fabricated Products Industry Accounts Receivable Turnover Trends and Statistics
Basic Materials Sector Accounts Receivable Turnover Statistics
Accounts Receivables Turnover Trends for overall market
SDPI's Receivable Turnover Ratio versus Miscellaneous Fabricated Products Industry, Basic Materials Sector and total Market
Highest Ranking Accounts Receivables Turnover
Lowest Ranking Accounts Receivables Turnover

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SDPI's Valuation Ratios	SDPI's Roe	SDPI's Financial Strength Ratios	SDPI's Dividend Payout Ratio

Companies with similar Receivables Turnover Ratio for the quarter ending Mar 31 2024, within Basic Materials Sector	Receivable Turnover Ratio	Revenues for 12 Months ending Mar 31 2024	Receivable at quarter ending Mar 31 2024
Century Aluminum Company	22.84	$ 2,122.000 Millions	$ 92.900 Millions
Suncoke Energy Inc	21.86	$ 2,063.800 Millions	$ 94.400 Millions
Boise Cascade Company	20.37	$ 6,938.789 Millions	$ 340.717 Millions
Hecla Mining Company	19.43	$ 709.609 Millions	$ 36.519 Millions
The Azek Company Inc	19.31	$ 1,435.217 Millions	$ 74.339 Millions
Gold Resource Corp	19.19	$ 84.288 Millions	$ 4.391 Millions
James Hardie Industries Plc	18.46	$ 3,935.400 Millions	$ 213.225 Millions
Solaris Energy Infrastructure Inc	17.76	$ 278.115 Millions	$ 15.660 Millions
Valvoline Inc	17.64	$ 1,527.200 Millions	$ 86.575 Millions
Ssr Mining Inc	15.90	$ 1,342.547 Millions	$ 84.425 Millions
Louisiana pacific Corporation	15.82	$ 2,721.000 Millions	$ 172.000 Millions
Xpel Inc	15.75	$ 399.448 Millions	$ 25.369 Millions
American Woodmark Corp	15.74	$ 1,846.148 Millions	$ 117.284 Millions
Idaho Strategic Resources Inc	15.25	$ 16.214 Millions	$ 1.063 Millions
Freeport mcmoran Inc	15.17	$ 23,787.000 Millions	$ 1,568.500 Millions
Lyondellbasell Industries N v	14.60	$ 40,785.000 Millions	$ 2,793.500 Millions
Mesabi Trust	14.57	$ 27.264 Millions	$ 1.872 Millions
Centrus Energy Corp	13.52	$ 296.500 Millions	$ 21.925 Millions
Alto Ingredients Inc	13.23	$ 1,149.678 Millions	$ 86.891 Millions
Realloys Inc	13.14	$ 2.896 Millions	$ 0.220 Millions
Karat Packaging Inc	12.99	$ 404.844 Millions	$ 31.169 Millions
Flotek Industries Inc	12.65	$ 179.651 Millions	$ 14.207 Millions
Myers Industries Inc	12.46	$ 802.616 Millions	$ 64.419 Millions
Aemetis Inc	12.31	$ 256.756 Millions	$ 20.850 Millions
Alcoa Corp	12.29	$ 10,480.000 Millions	$ 852.750 Millions
Energy Fuels Inc	11.99	$ 43.741 Millions	$ 3.648 Millions
Techprecision Corp	11.82	$ 31.591 Millions	$ 2.674 Millions
United States Steel Corp	11.79	$ 17,743.000 Millions	$ 1,505.500 Millions
Futurefuel Corp	11.78	$ 349.294 Millions	$ 29.642 Millions
Quanex Building Products Corporation	11.65	$ 1,100.488 Millions	$ 94.476 Millions

Date modified: 2026-09-08T15:11:16+00:00

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