Tower International, Inc.'s ability to collect its outstanding accounts receivable from its corporate clients, has improved in the second quarter 2019 to a ratio of 6.83, this is below the company average, and notable indication of worsening business environment. Average receivable collection period, for the Tower International in Jun 30 2019 quarter, has decreased to 53 days, compared to 55 days, in the Mar 31 2019 quarter.

If we take a look into Consumer Discretionary sector 87 other companies have achieved higher receivables turnover ratio. While total ranking has deteriorated relative to the period ending Jun 30 2019 from 1200 to 2059.

What is Receivable Turnover Ratio?
What is Tower International, Inc. Selling?

What is Receivable Turnover Ratio?

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TOWR Receivables Turnover Ratio	(Jun 30 2019) II. Quarter	(Mar 31 2019) I. Quarter	(Dec 31 2018) IV. Quarter	(Sep 30 2018) III. Quarter	(Jun 30 2018) II. Quarter
Y / Y Receivable Change	-51.96 %	-53.82 %	-52.73 %	3.02 %	15.78 %
Y / Y Revenue Change	-37.87 %	-32.79 %	-	13.45 %	13.49 %
Receivable Turnover Ratio (TTM)	6.83	6.6	6.16	7.61	7.45
TOWR's Total Ranking	# 2059	# 1200	# 1200	# 1200	# 1200
Accounts Receivable average collection period days	53	55	59	48	49
Seq. Receivable Change	-8.63 %	36.21 %	-59.74 %	-4.14 %	-12.17 %
Seq. Revenue Change	-8.79 %	-	-	-5.65 %	-1.33 %

Receivable Turnover Company Ranking
Within:	No.
Auto & Truck Parts Industry	# 24
Consumer Discretionary Sector	# 88
Overall Market	# 2059

Receivable Turnover Ratio Statistics
High	Average	Low
8.19	7.18	6.06
(Mar 31 2017)		(Dec 31 2013)

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

Financial Statements
Tower International's Accounts Receivable	$ 141 Millions	Visit TOWR's Balance sheet
Tower International's Sales TTM	$ 1,177 Millions	Visit TOWR's Income Statement
Sources of TOWR's Revenues		Visit TOWR's Sales by Geography

Other Accounts Receivable Turnover Ratios
Auto & Truck Parts Industry Accounts Receivable Turnover Trends and Statistics
Consumer Discretionary Sector Accounts Receivable Turnover Statistics
Accounts Receivables Turnover Trends for overall market
TOWR's Receivable Turnover Ratio versus Auto & Truck Parts Industry, Consumer Discretionary Sector and total Market
Highest Ranking Accounts Receivables Turnover
Lowest Ranking Accounts Receivables Turnover

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TOWR's Growth Rates	TOWR's Roa	TOWR's Inventory Turnover Ratio	TOWR's Dividend Comparisons
TOWR's Profitability Ratios	TOWR's Roi	TOWR's Asset Turnover Ratio	TOWR's Dividend Growth
TOWR's Valuation Ratios	TOWR's Roe	TOWR's Financial Strength Ratios	TOWR's Dividend Payout Ratio

Companies with similar Receivables Turnover Ratio for the quarter ending Jun 30 2019, within Consumer Discretionary Sector	Receivable Turnover Ratio	Revenues for 12 Months ending Jun 30 2019	Receivable at quarter ending Jun 30 2019
Luvu Brands Inc	22.69	$ 17.003 Millions	$ 0.749 Millions
Bassett Furniture Industries Incorporated	22.19	$ 458.634 Millions	$ 20.667 Millions
Wesco International Inc	21.69	$ 8,190.047 Millions	$ 377.540 Millions
Purple Innovation Inc	21.25	$ 336.066 Millions	$ 15.815 Millions
Patrick Industries Inc	19.90	$ 2,310.758 Millions	$ 116.097 Millions
Proterra Inc	18.54	$ 19.173 Millions	$ 1.034 Millions
Vera Bradley Inc	18.17	$ 426.669 Millions	$ 23.481 Millions
Innovative Designs Inc	17.99	$ 0.271 Millions	$ 0.015 Millions
Capri Holdings Ltd	17.80	$ 5,381.800 Millions	$ 302.375 Millions
Icahn Enterprises l p	17.35	$ 9,538.000 Millions	$ 549.750 Millions
Tapestry Inc	16.99	$ 6,027.100 Millions	$ 354.800 Millions
Caleres inc	16.60	$ 2,926.331 Millions	$ 176.264 Millions
Ralph Lauren Corporation	16.29	$ 6,351.200 Millions	$ 389.875 Millions
Oxford Industries Inc	15.75	$ 1,116.170 Millions	$ 70.868 Millions
Lci Industries	15.56	$ 2,362.100 Millions	$ 151.772 Millions
Regi U S Inc	13.28	$ 0.085 Millions	$ 0.006 Millions
Bwx Technologies Inc	13.11	$ 1,791.190 Millions	$ 136.673 Millions
Kimball International Inc	12.65	$ 768.070 Millions	$ 60.697 Millions
La z boy Incorporated	12.19	$ 1,774.339 Millions	$ 145.557 Millions
Culp Inc	11.99	$ 300.043 Millions	$ 25.016 Millions
Pvh Corp	11.27	$ 9,729.000 Millions	$ 863.575 Millions
Irobot Corporation	11.01	$ 1,147.032 Millions	$ 104.161 Millions
Flexsteel Industries Inc	10.88	$ 443.588 Millions	$ 40.779 Millions
Superior Industries International Inc	10.66	$ 1,436.627 Millions	$ 134.767 Millions
Puradyn Filter Technologies Inc	10.56	$ 3.117 Millions	$ 0.295 Millions
Amerityre Corporation	10.42	$ 3.590 Millions	$ 0.344 Millions
Torotel Inc	10.35	$ 22.428 Millions	$ 2.167 Millions
Levi Strauss and Co	10.29	$ 5,733.411 Millions	$ 557.332 Millions
Power Solutions International Inc	10.20	$ 618.376 Millions	$ 60.607 Millions
The Toro Company	10.08	$ 2,943.008 Millions	$ 291.891 Millions

Date modified: 2026-08-29T17:25:57+00:00

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