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• Sales per Employee
• Income per Employee
• Inventory to Sales
• Inventory Turnover
• Asset Turnover
• Receivables Turnover
Sono Tek Corp  (SOTK)
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Sono Tek Accounts Receivables Turnover Ratio from the forth quarter 2023 to the forth quarter 2022

Quarterly Results, Trends, Rankings, Statistics


Sono Tek Corp's ability to collect accounts receivable sequentially worsen to 9.21, indicating more challenging environment then in the third quarter 2023, but still, it is a far cry from any concerns. Sono Tek's Average receivable collection period in the Feb 28 2023 quarter, has increased to 40 days, from 32 days, in the Nov 30 2022 quarter.

If we take a look into Capital Goods sector 125 other companies have achieved higher receivables turnover ratio. While receivables turnover ratio remained unchanged relative to the previous period at no. 1198.

What is Receivable Turnover Ratio?
What is Sono Tek Corp Selling?


What is Receivable Turnover Ratio?




SOTK Receivables Turnover Ratio (Feb 28 2023)
IV. Quarter		 (Nov 30 2022)
III. Quarter		 (Aug 31 2022)
II. Quarter		 (May 31 2022)
I. Quarter		 (Feb 28 2022)
IV. Quarter
Y / Y Receivable Change 49.55 % -2.78 % 69.22 % -15.44 % -34.74 %
Y / Y Revenue Change -34.58 % -11.9 % 3.26 % -1.1 % 46.08 %
Receivable Turnover Ratio (TTM) 9.21 11.33 11.58 13.28 12.65
SOTK's Total Ranking # 1198 # 1198 # 933 # 24 # 903
Average receivable collection period 40 32 32 27 29
Seq. Receivable Change 13.37 % -27.12 % 33.04 % 36.05 % -26.3 %
Seq. Revenue Change 1.98 % -4.71 % -7.11 % -27.53 % 37.35 %

New: More SOTK's historic Receivables Turnover Ratios >>

Receivable Turnover Company Ranking
Within: No.
Industrial Machinery and Components Industry # 38
Capital Goods Sector # 126
Overall Market # 1198

Receivable Turnover Ratio Statistics
High Average Low
1.13 1 0.78
(Feb 29 2020)   (Feb 28 2023)




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

Financial Statements
Sono Tek's Accounts Receivable $ 2 Millions Visit SOTK's Balance sheet
Sono Tek's Sales TTM $ 15 Millions Visit SOTK's Income Statement
Where are SOTK's Sales coming from? Visit SOTK's Sales by Geography

Other Accounts Receivable Turnover Ratios
Industrial Machinery and Components Industry Accounts Receivable Turnover Trends and Statistics
Capital Goods Sector Accounts Receivable Turnover Statistics
Accounts Receivables Turnover Trends for overall market
SOTK's Receivable Turnover Ratio versus Industrial Machinery and Components Industry, Capital Goods Sector and total Market
Highest Ranking Accounts Receivables Turnover
Lowest Ranking Accounts Receivables Turnover
Accounts Receivable Turnover for SOTK's Competitors
Receivables Turnover Ratio for SOTK's Suppliers
Accounts Receivables Turnover Ratio for SOTK's Customers

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



Companies with similar Receivables Turnover Ratio for the quarter ending Feb 28 2023, within Capital Goods Sector Receivable Turnover Ratio Revenues for 12 Months ending Feb 28 2023 Receivable at quarter ending Feb 28 2023
Lockheed Martin Corporation  24.11 $ 66,146.000  Millions$ 2,743.250  Millions
Gencor Industries Inc   22.92 $ 109.045  Millions$ 4.758  Millions
Kb Home  20.70 $ 6,889.301  Millions$ 332.753  Millions
Cavco Industries Inc   20.25 $ 2,070.800  Millions$ 102.264  Millions
Black Bird Biotech Inc   20.07 $ 0.076  Millions$ 0.004  Millions
Evoair Holdings Inc   17.27 $ 1.101  Millions$ 0.064  Millions
Leonardo Drs Inc   17.12 $ 2,650.000  Millions$ 154.750  Millions
Sunworks Inc   16.12 $ 168.638  Millions$ 10.459  Millions
Winnebago Industries Inc   16.03 $ 4,456.159  Millions$ 278.016  Millions
Aerojet Rocketdyne Holdings Inc   15.08 $ 2,292.800  Millions$ 152.075  Millions
Legacy Housing Corporation  14.44 $ 249.944  Millions$ 17.311  Millions
Expion360 Inc   12.98 $ 6.515  Millions$ 0.502  Millions
Hillman Solutions Corp   12.61 $ 1,473.022  Millions$ 116.779  Millions
Greystone Logistics Inc   12.60 $ 65.734  Millions$ 5.216  Millions
Byrna Technologies Inc   12.47 $ 47.744  Millions$ 3.829  Millions
Sunrun Inc   11.12 $ 2,415.487  Millions$ 217.152  Millions
Greenlane Holdings Inc   10.99 $ 114.510  Millions$ 10.420  Millions
Stanley Black and Decker Inc   10.69 $ 16,759.600  Millions$ 1,568.250  Millions
Agco Corp  10.48 $ 13,299.200  Millions$ 1,269.300  Millions
Bantec Inc   10.46 $ 2.923  Millions$ 0.279  Millions
Wabash National Corporation  10.39 $ 2,576.320  Millions$ 247.972  Millions
Cvd Equipment Corporation  10.31 $ 29.852  Millions$ 2.895  Millions
Acorn Energy Inc   9.86 $ 7.075  Millions$ 0.717  Millions
Aersale Corporation  9.86 $ 364.009  Millions$ 36.914  Millions
Art s way Manufacturing Co Inc   9.67 $ 30.681  Millions$ 3.172  Millions
Sturm Ruger and Company Inc   9.46 $ 605.905  Millions$ 64.066  Millions
Sono Tek Corp  9.21 $ 15.058  Millions$ 1.635  Millions
Compx International inc   9.05 $ 165.663  Millions$ 18.315  Millions
Great Lakes Dredge and Dock Corporation  9.02 $ 612.476  Millions$ 67.869  Millions
Redwire Corporation  9.02 $ 185.287  Millions$ 20.546  Millions

Date modified: 2023-05-25T15:40:00+00:00



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