Axios Mobile Assets (Axios Mobile Assets) Receivables Turnover : 0.48 (As of Sep. 2016)

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What is Axios Mobile Assets 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. Axios Mobile Assets's Revenue for the three months ended in Sep. 2016 was $0.71 Mil. Axios Mobile Assets's average Accounts Receivable for the three months ended in Sep. 2016 was $1.48 Mil. Hence, Axios Mobile Assets's Receivables Turnover for the three months ended in Sep. 2016 was 0.48.

Axios Mobile Assets Receivables Turnover Historical Data

The historical data trend for Axios Mobile Assets'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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Axios Mobile Assets Receivables Turnover Chart

Axios Mobile Assets Annual Data

Trend

Sep08

Sep09

Sep10

Dec11

Dec12

Dec13

Dec14

Dec15

Receivables Turnover

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0.13

2.07

9.69

3.94

Axios Mobile Assets Quarterly Data
	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16
Receivables Turnover	Get a 7-Day Free Trial															1.15	0.88	0.55	0.36	0.48

Competitive Comparison of Axios Mobile Assets's Receivables Turnover

For the Communication Equipment subindustry, Axios Mobile Assets'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.

Axios Mobile Assets's Receivables Turnover Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Axios Mobile Assets's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Axios Mobile Assets's Receivables Turnover falls into.

Axios Mobile Assets Receivables Turnover Calculation

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

Axios Mobile Assets's Receivables Turnover for the fiscal year that ended in Dec. 2015 is calculated as

	Receivables Turnover (A: Dec. 2015 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2015 )	/ (	(Accounts Receivable (A: Dec. 2014 )	+	Accounts Receivable (A: Dec. 2015 ))	/	count )
=	0.998	/ (	(0.008	+	0.499)	/	2 )
=	0.998	/	0.2535
=	3.94

Axios Mobile Assets's Receivables Turnover for the quarter that ended in Sep. 2016 is calculated as

	Receivables Turnover (Q: Sep. 2016 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2016 )	/ (	(Accounts Receivable (Q: Jun. 2016 )	+	Accounts Receivable (Q: Sep. 2016 ))	/	count )
=	0.713	/ (	(1.355	+	1.601)	/	2 )
=	0.713	/	1.478
=	0.48

Axios Mobile Assets (OTCPK:AXBSF) 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.

Axios Mobile Assets Receivables Turnover Related Terms

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Axios Mobile Assets (Axios Mobile Assets) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Axios Mobile Assets Corp (OTCPK:AXBSF) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

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Address

30 Topflight Drive, Unit 7, Mississauga, ON, CAN, L5S 0A8

Website

http://www.axiosma.com

Axios Mobile Assets Corp is a Canada based logistics enabler featuring a next generation, bio-based pallet technology, which can be bundled with its proprietary cross-platform tracking and information system that helps improve the value chain in the logistics market. The company's bundled offering aims to provide lower total cost, lighter weight, sanitary pallets, and real-time data. Its segments are Pallet Rental which accounts for the majority revenues and Freight Services.

Axios Mobile Assets (Axios Mobile Assets) Headlines

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