AmeraMex International (AmeraMex International) Receivables Turnover : 3.59 (As of Mar. 2023)

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What is AmeraMex International Receivables Turnover?

The Receivables Turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by average Accounts Receivable. An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. AmeraMex International's Revenue for the three months ended in Mar. 2023 was $3.21 Mil. AmeraMex International's average Accounts Receivable for the three months ended in Mar. 2023 was $0.89 Mil. Hence, AmeraMex International's Receivables Turnover for the three months ended in Mar. 2023 was 3.59.

AmeraMex International Receivables Turnover Historical Data

The historical data trend for AmeraMex International's Receivables Turnover can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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AmeraMex International Receivables Turnover Chart

AmeraMex International Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Receivables Turnover

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18.13

20.71

18.08

25.62

17.83

AmeraMex International Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
Receivables Turnover	Get a 7-Day Free Trial															3.78	1.74	3.47	2.18	3.59

Competitive Comparison of AmeraMex International's Receivables Turnover

For the Farm & Heavy Construction Machinery subindustry, AmeraMex International's Receivables Turnover, along with its competitors' market caps and Receivables Turnover data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

AmeraMex International's Receivables Turnover Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, AmeraMex International's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where AmeraMex International's Receivables Turnover falls into.

AmeraMex International Receivables Turnover Calculation

Receivables Turnover measures the number of times a company collects its average accounts receivable balance.

AmeraMex International's Receivables Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Receivables Turnover (A: Dec. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2022 )	/ (	(Accounts Receivable (A: Dec. 2021 )	+	Accounts Receivable (A: Dec. 2022 ))	/	count )
=	19.223	/ (	(1.162	+	0.994)	/	2 )
=	19.223	/	1.078
=	17.83

AmeraMex International's Receivables Turnover for the quarter that ended in Mar. 2023 is calculated as

	Receivables Turnover (Q: Mar. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2023 )	/ (	(Accounts Receivable (Q: Dec. 2022 )	+	Accounts Receivable (Q: Mar. 2023 ))	/	count )
=	3.209	/ (	(0.994	+	0.792)	/	2 )
=	3.209	/	0.893
=	3.59

AmeraMex International (OTCPK:AMMX) Receivables Turnover Explanation

An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. This metric is commonly used to compare companies within the same industry to check whether they are on par with their competitors.

AmeraMex International Receivables Turnover Related Terms

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AmeraMex International (AmeraMex International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » AmeraMex International Inc (OTCPK:AMMX) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

3930 Esplanade, Chico, CA, USA, 95973

Website

https://www.ammx.net

AmeraMex International Inc is a dealer of new and refurbished heavy equipment. It sells, leases, and rents heavy equipment to companies within multiple industries including construction, logistics, mining, and lumber. The company's key product line is specialized container handling equipment for loading and unloading of container ships and dry dock areas.

Executives

Hope Stone	officer: Chief Financial Officer	3930 ESPLANADE, CHICO CA 95973
Lee Hamre	director, 10 percent owner, officer: Chief Executive Officer,, other: Chairman	3930 ESPLANADE, CHICO CA 95973
Marty Tullio	director, officer: Secretary and Director	3930 ESPLANADE, CHICO CA 95973
Brian Hamre	director	3930 ESPLANADE, CHICO CA 95973
John Jeffery Morris	director	3930 ESPLANADE, CHICO CA 95973
Michael R. Maloney	director, officer: Chief Operations Officer,, other: Treasurer	3930 ESPLANADE, CHICO CA 95973