Toughbuilt Industries Inc 's ability to collect accounts receivable sequentially worsen to 7.64, indicating more challenging environment then in the third quarter 2023, but still, it is a far cry from any concerns. Toughbuilt Industries Inc 's Accounts Receivable average collection period in the Dec 31 2023 quarter, has increased to 48 days, from 47 days, in the Sep 30 2023 quarter.

If we take a look into Capital Goods sector 83 other companies have achieved higher receivables turnover ratio. While total ranking has deteriorated relative to the period ending Dec 31 2023 from 677 to 1729.

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

What is Receivable Turnover Ratio?

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TBLT Receivables Turnover Ratio	(Dec 31 2023) IV. Quarter	(Sep 30 2023) III. Quarter	(Jun 30 2023) II. Quarter	(Mar 31 2023) I. Quarter	(Dec 31 2022) IV. Quarter
Y / Y Receivable Change	-39.09 %	-61.57 %	-47.99 %	-17.17 %	-7.53 %
Y / Y Revenue Change	-44.65 %	-34.16 %	5.33 %	17.37 %	21.18 %
Receivable Turnover Ratio (TTM)	7.64	7.71	6.56	5.8	5.42
TBLT's Total Ranking	# 1729	# 677	# 1696	# 1717	# 675
Accounts Receivable average collection period days	48	47	56	63	67
Seq. Receivable Change	13.86 %	14.99 %	-37.3 %	-25.8 %	-28.17 %
Seq. Revenue Change	-16.89 %	5.69 %	-6.79 %	-32.4 %	-1.14 %

Receivable Turnover Company Ranking
Within:	No.
Miscellaneous Manufacturing Industry	# 10
Capital Goods Sector	# 84
Overall Market	# 1729

Receivable Turnover Ratio Statistics
High	Average	Low
7.71	5.28	3.41
(Sep 30 2023)		(Jun 30 2019)

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

Financial Statements
Toughbuilt Industries Inc 's Accounts Receivable	$ 10 Millions	Visit TBLT's Balance sheet
Toughbuilt Industries Inc 's Sales TTM	$ 76 Millions	Visit TBLT's Income Statement
Sources of TBLT's Revenues		Visit TBLT's Sales by Geography

Other Accounts Receivable Turnover Ratios
Miscellaneous Manufacturing Industry Accounts Receivable Turnover Trends and Statistics
Capital Goods Sector Accounts Receivable Turnover Statistics
Accounts Receivables Turnover Trends for overall market
TBLT's Receivable Turnover Ratio versus Miscellaneous Manufacturing Industry, Capital Goods Sector and total Market
Highest Ranking Accounts Receivables Turnover
Lowest Ranking Accounts Receivables Turnover

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

Companies with similar Receivables Turnover Ratio for the quarter ending Dec 31 2023, within Capital Goods Sector	Receivable Turnover Ratio	Revenues for 12 Months ending Dec 31 2023	Receivable at quarter ending Dec 31 2023
Cavco Industries Inc	19.69	$ 1,851.054 Millions	$ 94.028 Millions
Kb Home	18.56	$ 6,410.629 Millions	$ 345.348 Millions
Stantec Inc	18.15	$ 3,880.709 Millions	$ 213.867 Millions
Malibu Boats Inc	17.18	$ 1,213.621 Millions	$ 70.636 Millions
Fuelcell Energy inc	17.05	$ 103.012 Millions	$ 6.042 Millions
OZOP ENERGY SOLUTIONS, INC.	16.36	$ 4.761 Millions	$ 0.291 Millions
Leonardo Drs Inc	15.99	$ 2,826.000 Millions	$ 176.750 Millions
Winnebago Industries Inc	15.48	$ 3,300.700 Millions	$ 213.175 Millions
Ies Holdings Inc	15.13	$ 2,436.797 Millions	$ 161.008 Millions
L3harris Technologies Inc	14.42	$ 19,317.000 Millions	$ 1,339.250 Millions
Expion360 Inc	14.36	$ 5.981 Millions	$ 0.417 Millions
Terran Orbital Corporation	14.07	$ 134.694 Millions	$ 9.575 Millions
General Dynamics Corporation	13.82	$ 42,272.000 Millions	$ 3,059.750 Millions
Xinyuan Real Estate Co Ltd	13.76	$ 804.974 Millions	$ 58.497 Millions
Huntington Ingalls Industries Inc	13.64	$ 11,454.000 Millions	$ 840.000 Millions
Fluor Corporation	13.57	$ 15,474.000 Millions	$ 1,140.500 Millions
Intuitive Machines Inc	13.30	$ 79.521 Millions	$ 5.978 Millions
Sono Tek Corp	12.73	$ 18.589 Millions	$ 1.461 Millions
Acorn Energy Inc	12.32	$ 8.059 Millions	$ 0.654 Millions
Hillman Solutions Corp	12.19	$ 1,476.477 Millions	$ 121.154 Millions
Northrop Grumman Corp	12.03	$ 39,290.000 Millions	$ 3,267.000 Millions
Aenza S a a	11.93	$ 1,303.347 Millions	$ 109.231 Millions
Wabash National Corporation	11.50	$ 2,536.187 Millions	$ 220.629 Millions
Sunrun Inc	11.37	$ 2,259.813 Millions	$ 198.749 Millions
Argan Inc	11.30	$ 572.206 Millions	$ 50.638 Millions
Byrna Technologies Inc	11.16	$ 41.717 Millions	$ 3.739 Millions
Cpi Aerostructures Inc	11.00	$ 86.066 Millions	$ 7.825 Millions
Bantec Inc	10.72	$ 2.674 Millions	$ 0.249 Millions
Spirit Aerosystems Holdings inc	10.55	$ 6,047.900 Millions	$ 573.525 Millions
Nextpower Inc	10.46	$ 3,152.093 Millions	$ 301.461 Millions

Date modified: 2026-09-02T17:55:37+00:00

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