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Smg Industries Inc   (SMGI)
Other Ticker:  
 
    Sector  Services    Industry Personal Services
   Industry Personal Services
   Sector  Services
 

Smg Industries Inc Accounts Receivables Turnover Ratio from the second quarter 2023 to the second quarter 2022

Quarterly Results, Trends, Rankings, Statistics


Smg Industries Inc 's ability to collect its outstanding accounts receivable from its corporate clients, has improved in the second quarter 2023 to a ratio of 6.4, above the company average. This is a clear sign of healthy business climate in the Personal Services industry and improving liquidity at their respective customers, during the second quarter 2023. Average receivable collection period, for the Smg Industries Inc in Jun 30 2023 quarter, has decreased to 57 days, compared to 58 days, in the Mar 31 2023 quarter.

If we take a look into Services sector 14 other companies have achieved higher receivables turnover ratio. While total ranking has deteriorated relative to the period ending Jun 30 2023 from 43 to 56.

What is Receivable Turnover Ratio?
What is Smg Industries Inc Selling?


What is Receivable Turnover Ratio?




SMGI Receivables Turnover Ratio (Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
(Sep 30 2022)
III. Quarter
(Jun 30 2022)
II. Quarter
Y / Y Receivable Change 12.69 % -0.06 % 4.12 % 25.62 % 85.46 %
Y / Y Revenue Change 20.53 % 28.98 % -29.44 % 57.9 % 137.78 %
Receivable Turnover Ratio (TTM) 6.4 6.29 5.9 6.57 6.29
SMGI's Total Ranking # 56 # 43 # 1623 # 2121 # 2121
Average receivable collection period 57 58 62 56 58
Seq. Receivable Change 5.2 % 3.12 % 4.54 % -0.63 % -6.71 %
Seq. Revenue Change 4.4 % 19.72 % -9.82 % 6.94 % 11.72 %


Receivable Turnover Company Ranking
Within: No.
Personal Services Industry # 1
Services Sector # 15
Overall Market # 56

Receivable Turnover Ratio Statistics
High Average Low
4.01 1.9 0.72
(Jun 30 2018)   (Mar 31 2020)






Financial Statements
Smg Industries Inc 's Accounts Receivable $ 13 Millions Visit SMGI's Balance sheet
Smg Industries Inc 's Sales TTM $ 79 Millions Visit SMGI's Income Statement
Where are SMGI's Sales coming from? Visit SMGI's Sales by Geography

Other Accounts Receivable Turnover Ratios
Personal Services Industry Accounts Receivable Turnover Trends and Statistics
Services Sector Accounts Receivable Turnover Statistics
Accounts Receivables Turnover Trends for overall market
SMGI's Receivable Turnover Ratio versus Personal Services Industry, Services Sector and total Market
Highest Ranking Accounts Receivables Turnover
Lowest Ranking Accounts Receivables Turnover
Accounts Receivable Turnover for SMGI's Competitors
Receivables Turnover Ratio for SMGI's Suppliers
Accounts Receivables Turnover Ratio for SMGI's Customers

You may also want to know
SMGI's Growth Rates SMGI's Roa SMGI's Inventory Turnover Ratio SMGI's Dividend Comparisons
SMGI's Profitability Ratios SMGI's Roi SMGI's Asset Turnover Ratio SMGI's Dividend Growth
SMGI's Valuation Ratios SMGI's Roe SMGI's Financial Strength Ratios SMGI's Dividend Payout Ratio



Companies with similar Receivables Turnover Ratio for the quarter ending Jun 30 2023, within Services Sector Receivable Turnover Ratio Revenues for 12 Months ending Jun 30 2023 Receivable at quarter ending Jun 30 2023
Playa Hotels and Resorts N v   16.42 $ 937.264  Millions$ 57.081  Millions
Cinemark Holdings Inc   16.34 $ 2,777.900  Millions$ 170.000  Millions
The Wendy s Company  16.06 $ 2,159.451  Millions$ 134.452  Millions
Xwell inc   16.04 $ 32.547  Millions$ 2.029  Millions
Apollo Medical Holdings Inc   16.01 $ 1,296.661  Millions$ 80.970  Millions
Nuvera Communications Inc   15.87 $ 65.447  Millions$ 4.123  Millions
Carriage Services Inc   15.80 $ 379.841  Millions$ 24.047  Millions
American Public Education Inc   15.62 $ 598.876  Millions$ 38.333  Millions
Vivid Seats Inc   15.27 $ 648.251  Millions$ 42.464  Millions
Liberty Media Corporation  15.24 $ 12,137.000  Millions$ 796.500  Millions
Visa Inc   14.96 $ 31,942.000  Millions$ 2,134.500  Millions
Remsleep Holdings Inc   14.84 $ 0.345  Millions$ 0.023  Millions
Troika Media Group Inc   14.84 $ 322.919  Millions$ 21.761  Millions
Surgepays Inc   14.54 $ 143.061  Millions$ 9.839  Millions
Rollins Inc   14.44 $ 2,869.859  Millions$ 198.748  Millions
Adt Inc   14.38 $ 8,474.959  Millions$ 589.230  Millions
Vivakor Inc  14.38 $ 57.243  Millions$ 3.981  Millions
Hammer Fiber Optics Holdings Corp  14.35 $ 3.435  Millions$ 0.239  Millions
Biglari Holdings Inc   14.28 $ 374.208  Millions$ 26.207  Millions
Payoneer Global Inc   14.21 $ 741.223  Millions$ 52.153  Millions
Avis Budget Group Inc   14.21 $ 11,998.000  Millions$ 844.250  Millions
Strategic Education Inc   13.97 $ 1,077.347  Millions$ 77.145  Millions
Wideopenwest Inc   13.94 $ 699.000  Millions$ 50.150  Millions
Kennedy wilson Holdings Inc   13.92 $ 557.900  Millions$ 40.075  Millions
Accolade Inc   13.76 $ 370.840  Millions$ 26.947  Millions
Fat Brands Inc   13.76 $ 419.491  Millions$ 30.487  Millions
Boston Omaha Corp  13.68 $ 91.078  Millions$ 6.660  Millions
Konatel Inc   13.66 $ 19.306  Millions$ 1.413  Millions
Adtalem Global Education inc   13.58 $ 1,450.826  Millions$ 106.858  Millions
Groupon Inc   13.58 $ 543.125  Millions$ 40.007  Millions

Date modified: 2023-08-30T09:10:36+00:00



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