Park Aerospace(Pke) Financials: Receivables Turnover Compared To Industry Average, Plus Other Key Ratios
Growth Trend (Last 5 Years)
Growth - receivables turnover
This chart shows the historical trend of receivables turnover for PKE compared to its industry average over the recent years.
Ratio Definition and Interpretation
Name: Receivables Turnover
Definition: Receivables turnover tells you how quickly the company collects payments from customers after making sales on credit. A high turnover means customers pay on time and cash flows smoothly. Slow turnover suggests delayed collections, which can create cash shortages and financing stress.
Interpretation:
• In '2022', PKE's receivables turnover was 6.42, showing efficiency in collecting outstanding receivables. Industry average for Military/Government/Technical in '2022' stood at 4.06.
• In '2023', PKE's receivables turnover was 5.90, showing efficiency in collecting outstanding receivables. The decline from '2022' may indicate some operational or financial challenges. Industry average for Military/Government/Technical in '2023' stood at 4.32. Industry average increased by 0.26 compared to previous year.
• In '2024', PKE's receivables turnover was 5.01, showing efficiency in collecting outstanding receivables. The decline from '2023' may indicate some operational or financial challenges. Industry average for Military/Government/Technical in '2024' stood at 4.34. Industry average increased by 0.02 compared to previous year.
• In '2025', PKE's receivables turnover was 4.91, showing efficiency in collecting outstanding receivables. The decline from '2024' may indicate some operational or financial challenges. Industry average for Military/Government/Technical in '2025' stood at 4.91. Industry average increased by 0.56 compared to previous year.
Overall, PKE's receivables turnover has consistently declined during the past 4 years.
Formula: Receivables Turnover = Net Credit Sales / Average Accounts Receivable
Good Range: Ranges 5 to 15 depending on credit terms.