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Spar Group Inc (NASDAQ: SGRP) |
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Spar Group Inc Accounts Receivables Turnover Ratio from the third quarter 2024 to the third quarter 2023
Quarterly Results, Trends, Rankings, Statistics
Spar Group Inc 's ability to collect its outstanding accounts receivable from its corporate clients, has improved in the third quarter 2024 to a ratio of 4.47, this is below the company average, and notable indication of worsening business environment. Average receivable collection period, for the Spar Group Inc in Sep 30 2024 quarter, has decreased to 82 days, compared to 83 days, in the Jun 30 2024 quarter.
If we take a look into Services sector 355 other companies have achieved higher receivables turnover ratio. While total ranking has deteriorated relative to the period ending Sep 30 2024 from 2331 to 2426.
What is Receivable Turnover Ratio?
What is Spar Group Inc Selling?
What is Receivable Turnover Ratio?
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Accounts Receivables Turnover▼
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Accounts Receivables Turnover▼
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| SGRP 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 |
-42.46 % |
-39.76 % |
7.99 % |
-6.18 % |
-1.28 % |
| Y / Y Revenue Change |
-42.73 % |
-11.08 % |
9 % |
3.31 % |
-2.86 % |
| Receivable Turnover Ratio (TTM) |
4.47 |
4.41 |
4.09 |
4.09 |
3.99 |
| SGRP's Total
Ranking |
# 2426 |
# 2331 |
# 60 |
# 64 |
# 69 |
| Average receivable collection period |
82 |
83 |
89 |
89 |
91 |
| Seq. Receivable Change |
-0.49 % |
-44.76 % |
14.98 % |
-8.95 % |
4.18 % |
| Seq. Revenue Change |
-34.3 % |
-16.85 % |
5.24 % |
-0.37 % |
1.99 % |
| Receivable
Turnover Ratio Statistics |
| High |
Average |
Low |
| 5.6 |
4.83 |
3.98 |
| (March 31, 2014) |
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(Dec 31 2022) |
| Companies with similar Receivables Turnover Ratio for the quarter ending Sep 30 2024, within Services Sector | Receivable Turnover Ratio | Revenues for 12 Months ending Sep 30 2024 | Receivable at quarter ending Sep 30 2024 | | Gatx Corporation | 16.43 | $ 1,540.700 Millions | $ 93.750 Millions | | H and r Block Inc | 16.40 | $ 3,620.357 Millions | $ 220.810 Millions | | Dish Network Corp | 15.90 | $ 14,445.489 Millions | $ 908.377 Millions | | Tko Group Holdings Inc | 15.90 | $ 3,388.055 Millions | $ 213.073 Millions | | Liberty Media Corporation | 15.77 | $ 10,033.000 Millions | $ 636.250 Millions | | Exela Technologies Inc | 15.72 | $ 1,038.073 Millions | $ 66.032 Millions | | Payoneer Global Inc | 15.71 | $ 940.297 Millions | $ 59.838 Millions | | Quotemedia Inc | 15.71 | $ 18.733 Millions | $ 1.192 Millions | | Surgepays Inc | 15.60 | $ 83.603 Millions | $ 5.360 Millions | | Mgm Resorts International | 15.39 | $ 17,269.546 Millions | $ 1,122.084 Millions | | Crexendo Inc | 15.23 | $ 58.762 Millions | $ 3.859 Millions | | Visa Inc | 15.00 | $ 35,926.000 Millions | $ 2,395.250 Millions | | Wideopenwest Inc | 15.00 | $ 647.100 Millions | $ 43.150 Millions | | Adm Endeavors Inc | 14.67 | $ 5.713 Millions | $ 0.389 Millions | | American Public Education Inc | 14.47 | $ 611.287 Millions | $ 42.256 Millions | | Carriage Services Inc | 14.41 | $ 404.912 Millions | $ 28.096 Millions | | Rollins Inc | 14.10 | $ 3,310.625 Millions | $ 234.773 Millions | | Redfin Corporation | 14.06 | $ 903.889 Millions | $ 64.268 Millions | | Americann Inc | 13.79 | $ 1.275 Millions | $ 0.092 Millions | | Frontier Communications Parent Inc | 13.42 | $ 5,857.000 Millions | $ 436.500 Millions | | Sirius Xm Holdings Inc | 13.36 | $ 8,799.000 Millions | $ 658.750 Millions | | Butler National Corp | 13.29 | $ 82.777 Millions | $ 6.228 Millions | | Dallasnews Corporation | 13.20 | $ 128.286 Millions | $ 9.715 Millions | | Astrana Health Inc | 13.07 | $ 1,717.504 Millions | $ 131.448 Millions | | Prog Holdings Inc | 12.99 | $ 2,417.577 Millions | $ 186.058 Millions | | Hall Of Fame Resort And Entertainment Co | 12.88 | $ 25.137 Millions | $ 1.952 Millions | | The New York Times Company | 12.83 | $ 2,535.505 Millions | $ 197.593 Millions | | At and t Inc | 12.64 | $ 122,060.000 Millions | $ 9,655.000 Millions | | Priority Technology Holdings Inc | 12.48 | $ 851.914 Millions | $ 68.256 Millions | | Strategic Education Inc | 12.45 | $ 1,194.410 Millions | $ 95.949 Millions |
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Date modified: 2024-11-16T05:51:21+00:00
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