Encore Wire Corp's ability to collect accounts receivable sequentially worsen to 5.33, indicating more challenging environment then in the fourth quarter 2023, but still, it is a far cry from any concerns. Average collection period, for Encore Wire's accounts receivable remained unchanged at 68 days, in the Mar 31 2024 quarter.

If we take a look into Basic Materials sector 191 other companies have achieved higher receivables turnover ratio. While total ranking has deteriorated relative to the period ending Mar 31 2024 from 652 to 2717.

What is Receivable Turnover Ratio?
What is Encore Wire Corp Selling?

What is Receivable Turnover Ratio?

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WIRE Receivables Turnover Ratio	(Mar 31 2024) I. Quarter	(Dec 31 2023) IV. Quarter	(Sep 30 2023) III. Quarter	(Jun 30 2023) II. Quarter	(Mar 31 2023) I. Quarter
Y / Y Receivable Change	-1.79 %	-4.71 %	-11.84 %	-23.56 %	-12.66 %
Y / Y Revenue Change	-4.32 %	-8.66 %	-16.45 %	-24.07 %	-8.65 %
Receivable Turnover Ratio (TTM)	5.33	5.37	5.43	5.5	5.51
WIRE's Total Ranking	# 2717	# 652	# 529	# 652	#
Accounts Receivable average collection period days	68	68	67	66	66
Seq. Receivable Change	-0.85 %	-4.02 %	6.88 %	-3.44 %	-3.8 %
Seq. Revenue Change	-0.28 %	-0.5 %	0.08 %	-3.64 %	-4.81 %

Receivable Turnover Company Ranking
Within:	No.
Miscellaneous Fabricated Products Industry	# 35
Basic Materials Sector	# 192
Overall Market	# 2717

Receivable Turnover Ratio Statistics
High	Average	Low
5.46	5.24	5.04
(Mar 31 2023)		(Sep 30 2018)

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

Financial Statements
Encore Wire's Accounts Receivable	$ 471 Millions	Visit WIRE's Balance sheet
Encore Wire's Sales TTM	$ 2,539 Millions	Visit WIRE's Income Statement
Sources of WIRE's Revenues		Visit WIRE's Sales by Geography

Other Accounts Receivable Turnover Ratios
Miscellaneous Fabricated Products Industry Accounts Receivable Turnover Trends and Statistics
Basic Materials Sector Accounts Receivable Turnover Statistics
Accounts Receivables Turnover Trends for overall market
WIRE's Receivable Turnover Ratio versus Miscellaneous Fabricated Products Industry, Basic Materials Sector and total Market
Highest Ranking Accounts Receivables Turnover
Lowest Ranking Accounts Receivables Turnover

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

Companies with similar Receivables Turnover Ratio for the quarter ending Mar 31 2024, within Basic Materials Sector	Receivable Turnover Ratio	Revenues for 12 Months ending Mar 31 2024	Receivable at quarter ending Mar 31 2024
Lyondellbasell Industries N v	14.60	$ 40,785.000 Millions	$ 2,793.500 Millions
Mesabi Trust	14.57	$ 27.264 Millions	$ 1.872 Millions
Aemetis Inc	14.56	$ 303.517 Millions	$ 20.850 Millions
James Hardie Industries Plc	13.57	$ 3,935.400 Millions	$ 290.050 Millions
Centrus Energy Corp	13.52	$ 296.500 Millions	$ 21.925 Millions
Alto Ingredients Inc	13.23	$ 1,149.678 Millions	$ 86.891 Millions
Realloys Inc	13.14	$ 2.896 Millions	$ 0.220 Millions
Karat Packaging Inc	12.99	$ 404.844 Millions	$ 31.169 Millions
Flotek Industries Inc	12.65	$ 179.651 Millions	$ 14.207 Millions
Myers Industries Inc	12.46	$ 802.616 Millions	$ 64.419 Millions
Alcoa Corp	12.29	$ 10,480.000 Millions	$ 852.750 Millions
Techprecision Corp	12.26	$ 32.780 Millions	$ 2.674 Millions
Quanex Building Products Corporation	12.21	$ 1,100.488 Millions	$ 90.164 Millions
United States Steel Corp	11.79	$ 17,743.000 Millions	$ 1,505.500 Millions
Futurefuel Corp	11.78	$ 349.294 Millions	$ 29.642 Millions
Novelis Inc	11.38	$ 16,210.000 Millions	$ 1,425.000 Millions
Mag Mile Capital Inc	11.36	$ 3.441 Millions	$ 0.303 Millions
Clearwater Paper Corporation	11.30	$ 2,053.600 Millions	$ 181.800 Millions
Arcadium Lithium Plc	11.14	$ 260.400 Millions	$ 23.375 Millions
It Tech Packaging Inc	11.09	$ 72.446 Millions	$ 6.531 Millions
Bluelinx Holdings Inc	11.06	$ 3,064.159 Millions	$ 277.141 Millions
Armstrong World Industries Inc	11.00	$ 1,311.100 Millions	$ 119.225 Millions
Algoma Steel Group Inc	10.99	$ 2,141.583 Millions	$ 194.794 Millions
Energy Fuels Inc	10.89	$ 43.741 Millions	$ 4.016 Millions
Lsb Industries Inc	10.85	$ 550.500 Millions	$ 50.722 Millions
Metallus Inc	10.83	$ 1,359.400 Millions	$ 125.575 Millions
Mativ Holdings Inc	10.81	$ 2,117.500 Millions	$ 195.900 Millions
Cleveland cliffs Inc	10.79	$ 21,900.000 Millions	$ 2,030.000 Millions
Pactiv Evergreen Inc	10.74	$ 5,331.000 Millions	$ 496.250 Millions
Friedman Industries Inc	10.55	$ 516.251 Millions	$ 48.949 Millions

Date modified: 2026-08-29T17:28:48+00:00

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