Sunworks Inc 's ability to collect accounts receivable sequentially worsen to 12.07, indicating more challenging environment then in the second quarter 2023, but still, it is a far cry from any concerns. Sunworks Inc 's Accounts Receivable average collection period in the Sep 30 2023 quarter, has increased to 30 days, from 27 days, in the Jun 30 2023 quarter.

If we take a look into Capital Goods sector 44 other companies have achieved higher receivables turnover ratio. While total ranking has deteriorated relative to the period ending Sep 30 2023 from 390 to 1047.

What is Receivable Turnover Ratio?
What is Sunworks Inc Selling?

What is Receivable Turnover Ratio?

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SUNW Receivables Turnover Ratio	(Sep 30 2023) III. Quarter	(Jun 30 2023) II. Quarter	(Mar 31 2023) I. Quarter	(Dec 31 2022) IV. Quarter	(Sep 30 2022) III. Quarter
Y / Y Receivable Change	33.67 %	83.62 %	107.34 %	203.7 %	37.26 %
Y / Y Revenue Change	-30.8 %	-5.37 %	21.49 %	69.32 %	30.41 %
Receivable Turnover Ratio (TTM)	12.07	13.74	16.12	18.27	21.41
SUNW's Total Ranking	# 1047	# 390	# 1006	# 1006	# 393
Accounts Receivable average collection period days	30	27	23	20	17
Seq. Receivable Change	-30.65 %	19.45 %	-11.22 %	81.75 %	-4.73 %
Seq. Revenue Change	-18.2 %	-9.12 %	-29.33 %	31.72 %	11.86 %

Receivable Turnover Company Ranking
Within:	No.
Industrial Machinery and Components Industry	# 6
Capital Goods Sector	# 45
Overall Market	# 1047

Receivable Turnover Ratio Statistics
High	Average	Low
21.67	9.75	5.36
(Jun 30 2022)		(Dec. 31, 2007)

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

Financial Statements
Sunworks Inc 's Accounts Receivable	$ 10 Millions	Visit SUNW's Balance sheet
Sunworks Inc 's Sales TTM	$ 154 Millions	Visit SUNW's Income Statement
Sources of SUNW's Revenues		Visit SUNW'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
SUNW'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

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SUNW's Profitability Ratios	SUNW's Roi	SUNW's Asset Turnover Ratio	SUNW's Dividend Growth
SUNW's Valuation Ratios	SUNW's Roe	SUNW's Financial Strength Ratios	SUNW's Dividend Payout Ratio

Companies with similar Receivables Turnover Ratio for the quarter ending Sep 30 2023, within Capital Goods Sector	Receivable Turnover Ratio	Revenues for 12 Months ending Sep 30 2023	Receivable at quarter ending Sep 30 2023
Mastercraft Boat Holdings Inc	41.52	$ 596.576 Millions	$ 14.370 Millions
Taylor Morrison Home Corp	41.27	$ 7,901.786 Millions	$ 191.467 Millions
Champion Homes Inc	36.28	$ 2,000.904 Millions	$ 55.147 Millions
Serve Robotics Inc	34.57	$ 0.239 Millions	$ 0.007 Millions
Tri Pointe Homes Inc	33.04	$ 4,518.481 Millions	$ 136.766 Millions
Lennar Corp	32.75	$ 33,439.550 Millions	$ 1,021.176 Millions
OZOP ENERGY SOLUTIONS, INC.	31.57	$ 9.220 Millions	$ 0.292 Millions
Comfort Systems Usa inc	29.60	$ 4,966.382 Millions	$ 167.811 Millions
Gencor Industries Inc	26.07	$ 105.037 Millions	$ 4.030 Millions
Lockheed Martin Corporation	24.79	$ 67,688.000 Millions	$ 2,730.000 Millions
Malibu Boats Inc	20.20	$ 1,341.878 Millions	$ 66.440 Millions
Kb Home	19.97	$ 6,676.671 Millions	$ 334.324 Millions
Cavco Industries Inc	19.88	$ 1,904.888 Millions	$ 95.797 Millions
Dream Homes and Development Corporation	19.69	$ 3.496 Millions	$ 0.178 Millions
Terran Orbital Corporation	18.20	$ 130.131 Millions	$ 7.151 Millions
Energy Vault Holdings Inc	17.59	$ 322.839 Millions	$ 18.358 Millions
Winnebago Industries Inc	16.08	$ 3,490.100 Millions	$ 217.025 Millions
Black Bird Biotech Inc	15.60	$ 0.036 Millions	$ 0.002 Millions
Rhino Bitcoin Inc	15.16	$ 0.529 Millions	$ 0.035 Millions
Greystone Logistics Inc	15.11	$ 58.423 Millions	$ 3.867 Millions
Leonardo Drs Inc	15.07	$ 2,720.000 Millions	$ 180.500 Millions
Ies Holdings Inc	15.04	$ 2,377.227 Millions	$ 158.041 Millions
Expion360 Inc	14.47	$ 6.544 Millions	$ 0.452 Millions
Legacy Housing Corporation	14.01	$ 230.981 Millions	$ 16.489 Millions
L3harris Technologies Inc	13.70	$ 18,555.000 Millions	$ 1,354.500 Millions
Fluor Corporation	13.56	$ 15,365.000 Millions	$ 1,133.500 Millions
Hillman Solutions Corp	12.64	$ 1,479.332 Millions	$ 117.030 Millions
Huntington Ingalls Industries Inc	12.59	$ 11,089.000 Millions	$ 880.500 Millions
Sono Tek Corp	12.44	$ 16.485 Millions	$ 1.325 Millions
Shapeways Holdings Inc	12.41	$ 33.715 Millions	$ 2.718 Millions

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

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