Caspian Services (Caspian Services) Receivables Turnover : 1.18 (As of Jun. 2016)

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What is Caspian Services 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. Caspian Services's Revenue for the three months ended in Jun. 2016 was $5.01 Mil. Caspian Services's average Accounts Receivable for the three months ended in Jun. 2016 was $4.26 Mil. Hence, Caspian Services's Receivables Turnover for the three months ended in Jun. 2016 was 1.18.

Caspian Services Receivables Turnover Historical Data

The historical data trend for Caspian Services'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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Caspian Services Receivables Turnover Chart

Caspian Services Annual Data

Trend

Sep06

Sep07

Sep08

Sep09

Sep10

Sep11

Sep12

Sep13

Sep14

Sep15

Receivables Turnover

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2.91

2.09

3.64

2.78

2.06

Caspian Services Quarterly Data
	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16
Receivables Turnover	Get a 7-Day Free Trial															0.52	0.73	0.72	0.62	1.18

Competitive Comparison of Caspian Services's Receivables Turnover

For the Oil & Gas Equipment & Services subindustry, Caspian Services'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.

Caspian Services's Receivables Turnover Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Caspian Services's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Caspian Services's Receivables Turnover falls into.

Caspian Services Receivables Turnover Calculation

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

Caspian Services's Receivables Turnover for the fiscal year that ended in Sep. 2015 is calculated as

	Receivables Turnover (A: Sep. 2015 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Sep. 2015 )	/ (	(Accounts Receivable (A: Sep. 2014 )	+	Accounts Receivable (A: Sep. 2015 ))	/	count )
=	16.445	/ (	(10.458	+	5.48)	/	2 )
=	16.445	/	7.969
=	2.06

Caspian Services's Receivables Turnover for the quarter that ended in Jun. 2016 is calculated as

	Receivables Turnover (Q: Jun. 2016 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2016 )	/ (	(Accounts Receivable (Q: Mar. 2016 )	+	Accounts Receivable (Q: Jun. 2016 ))	/	count )
=	5.011	/ (	(3.291	+	5.22)	/	2 )
=	5.011	/	4.2555
=	1.18

Caspian Services (OTCPK:CSSV) 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.

Caspian Services Receivables Turnover Related Terms

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Caspian Services (Caspian Services) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Caspian Services Inc (OTCPK:CSSV) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

2319 Foothill Drive, Suite 160, Salt Lake City, UT, USA, 84109

Website

http://www.caspianservicesinc.com

Caspian Services Inc provides oilfield services to oil & gas industry in Kazakhstan. The company operates in three reportable segments including Vessel operations, Geophysical services, and Marine base services. Vessel operations consist of chartering a fleet of shallow draft offshore support vessels to customers performing oil and gas exploration activities in the Caspian Sea. Geophysical services consist of providing seismic data acquisition services to oil and gas companies operating onshore in Kazakhstan. Marine base service consists of operating a marine base with a boat repair and drydocking services yard located at the port of Bautino on the North Caspian Sea. It generates the majority of the revenue from Vessel operations segment.

Executives

Bakhytbek R Baiseitov	10 percent owner	291/21, DOSKYK AVE,, ALMATY 1P 050020
Mark Donegan	10 percent owner	STIRLING SQUARE, 7 CARLTON GARDENS, LONDON X0 SW1Y 5AD
Mirgali Kunayev	director, 10 percent owner	C/O LERNER & KAPLAN PLLC, 4121 18TH AVENUE, BROOKLYN NY 11218

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