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Atlas African Industries (LSE:AAI) Receivables Turnover : 0.08 (As of Jun. 2016)


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What is Atlas African Industries 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. Atlas African Industries's Revenue for the six months ended in Jun. 2016 was £0.04 Mil. Atlas African Industries's average Accounts Receivable for the six months ended in Jun. 2016 was £0.55 Mil. Hence, Atlas African Industries's Receivables Turnover for the six months ended in Jun. 2016 was 0.08.

Atlas African Industries Receivables Turnover Historical Data

The historical data trend for Atlas African Industries'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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Atlas African Industries Receivables Turnover Chart

Atlas African Industries Annual Data
Trend Dec11 Dec12 Jun13 Jun14
Receivables Turnover
3.28 5.56 - -

Atlas African Industries Semi-Annual Data
Dec11 Dec12 Dec13 Jun14 Dec14 Jun16
Receivables Turnover Get a 7-Day Free Trial - - - 3.65 0.08

Competitive Comparison of Atlas African Industries's Receivables Turnover

For the Oil & Gas Equipment & Services subindustry, Atlas African Industries'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.

Atlas African Industries's Receivables Turnover Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Atlas African Industries's Receivables Turnover falls into.


Atlas African Industries Receivables Turnover Calculation

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

Atlas African Industries's Receivables Turnover for the fiscal year that ended in Jun. 2014 is calculated as

Receivables Turnover (A: Jun. 2014 )
=Revenue / Average Total Inventories
=Revenue (A: Jun. 2014 ) / ((Accounts Receivable (A: Jun. 2013 ) + Accounts Receivable (A: Jun. 2014 )) / count )
=0 / ((0 + 0) / 1 )
=0 / 0
=N/A

Atlas African Industries'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: Dec. 2014 ) + Accounts Receivable (Q: Jun. 2016 )) / count )
=0.044 / ((0.551 + 0) / 1 )
=0.044 / 0.551
=0.08

* 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.

Atlas African Industries  (LSE:AAI) 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.

Atlas African Industries Receivables Turnover Related Terms

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Atlas African Industries (LSE:AAI) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Atlas African Industries Ltd (LSE:AAI) » Definitions » Receivables Turnover
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Traded in Other Exchanges
N/A
Address
Website
http://www.atlassupport.com
Atlas African Industries Ltd, formerly known as Atlas Development & Support Services Ltd, was incorporated in Guernsey under the Law on December 5, 2012. The Company has a Joint Venture agreement with Ethiopian conglomerate Orchid Group to provide services in civil engineering and project management offering into industrial projects. The Company's operates in industrial division and support services division. Its 100% owned subsidiary, East Africa Packaging Holdings, is focused glass bottle manufacturing facility 45km north of Addis Ababa, Ethiopia known as the Chancho Project. The Chancho Project is in feasibility stage with a defined development strategy to construct and operate a glass bottle manufacturing facility. The JV provides services to clients in the natural resource development and infrastructure sectors, through civil engineering, project management, work-force accommodation solutions and on-going life support services.

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