Ergo Science (Ergo Science) Receivables Turnover : 2.23 (As of Sep. 2006)

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What is Ergo Science 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. Ergo Science's Revenue for the three months ended in Sep. 2006 was $9.31 Mil. Ergo Science's average Accounts Receivable for the three months ended in Sep. 2006 was $4.17 Mil. Hence, Ergo Science's Receivables Turnover for the three months ended in Sep. 2006 was 2.23.

Ergo Science Receivables Turnover Historical Data

The historical data trend for Ergo Science'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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Ergo Science Receivables Turnover Chart

Ergo Science Annual Data

Trend

Dec96

Dec97

Dec98

Dec99

Dec00

Dec01

Dec02

Dec03

Dec04

Dec05

Receivables Turnover

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5.39

4.92

Ergo Science Quarterly Data
	Dec01	Mar02	Jun02	Sep02	Dec02	Mar03	Jun03	Sep03	Dec03	Mar04	Jun04	Sep04	Dec04	Mar05	Jun05	Sep05	Dec05	Mar06	Jun06	Sep06
Receivables Turnover	Get a 7-Day Free Trial															1.81	-	1.21	2.05	2.23

Competitive Comparison of Ergo Science's Receivables Turnover

For the Staffing & Employment Services subindustry, Ergo Science'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.

Ergo Science's Receivables Turnover Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Ergo Science's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Ergo Science's Receivables Turnover falls into.

Ergo Science Receivables Turnover Calculation

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

Ergo Science's Receivables Turnover for the fiscal year that ended in Dec. 2005 is calculated as

	Receivables Turnover (A: Dec. 2005 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2005 )	/ (	(Accounts Receivable (A: Dec. 2004 )	+	Accounts Receivable (A: Dec. 2005 ))	/	count )
=	28.399	/ (	(6.852	+	4.7)	/	2 )
=	28.399	/	5.776
=	4.92

Ergo Science's Receivables Turnover for the quarter that ended in Sep. 2006 is calculated as

	Receivables Turnover (Q: Sep. 2006 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2006 )	/ (	(Accounts Receivable (Q: Jun. 2006 )	+	Accounts Receivable (Q: Sep. 2006 ))	/	count )
=	9.311	/ (	(4.096	+	4.237)	/	2 )
=	9.311	/	4.1665
=	2.23

Ergo Science (GREY:ERGN) 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.

Ergo Science Receivables Turnover Related Terms

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Ergo Science (Ergo Science) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Ergo Science Corp (GREY:ERGN) » Definitions » Receivables Turnover

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Address

402 Office Park Drive, Suite 260, Birmingham, AL, USA, 35223

Website

http://www.ergoscience.com

Ergo Science Corp is a United States based workforce injury prevention and treatment provider. It is focused on employee safety and employer risk reduction. The company offers physical abilities tests built from defensible, peer-reviewed research; evidence-based injury prevention and rehabilitation for diversified businesses.

Executives

Citigroup Inc	director	388 GREENWICH STREET, NEW YORK NY 10013
Iticorp	director	399 PARK AVENUE, NEW YORK NY 10043
Citicorp Banking Corp	director	ONE PENNS WAY, NEW CASTLE DE 19720
Citigroup Holdings Co	director	336 THE STRAND, LONDON ENGLAND
Court Square Capital Ltd	director	399 PARK AVE, NEW YORK NY 10043

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