Foresight 2 VCT (LSE:FTNI) Receivables Turnover : 0.28 (As of Mar. 2015)

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What is Foresight 2 VCT 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. Foresight 2 VCT's Revenue for the six months ended in Mar. 2015 was £0.41 Mil. Foresight 2 VCT's average Accounts Receivable for the six months ended in Mar. 2015 was £1.46 Mil. Hence, Foresight 2 VCT's Receivables Turnover for the six months ended in Mar. 2015 was 0.28.

Foresight 2 VCT Receivables Turnover Historical Data

The historical data trend for Foresight 2 VCT'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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Foresight 2 VCT Receivables Turnover Chart

Foresight 2 VCT Annual Data

Trend

Sep05

Sep06

Sep07

Sep08

Sep09

Sep10

Sep11

Sep12

Sep13

Sep14

Receivables Turnover

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0.25

0.43

Foresight 2 VCT Semi-Annual Data
	Mar06	Sep06	Mar07	Sep07	Mar08	Sep08	Mar09	Sep09	Mar10	Sep10	Mar11	Sep11	Mar12	Sep12	Mar13	Sep13	Mar14	Sep14	Mar15
Receivables Turnover	Get a 7-Day Free Trial														-	0.11	-	0.43	0.28

Competitive Comparison of Foresight 2 VCT's Receivables Turnover

For the Asset Management subindustry, Foresight 2 VCT'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.

Foresight 2 VCT's Receivables Turnover Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Foresight 2 VCT's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Foresight 2 VCT's Receivables Turnover falls into.

Foresight 2 VCT Receivables Turnover Calculation

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

Foresight 2 VCT's Receivables Turnover for the fiscal year that ended in Sep. 2014 is calculated as

	Receivables Turnover (A: Sep. 2014 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Sep. 2014 )	/ (	(Accounts Receivable (A: Sep. 2013 )	+	Accounts Receivable (A: Sep. 2014 ))	/	count )
=	0.634	/ (	(0	+	1.459)	/	1 )
=	0.634	/	1.459
=	0.43

Foresight 2 VCT's Receivables Turnover for the quarter that ended in Mar. 2015 is calculated as

	Receivables Turnover (Q: Mar. 2015 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2015 )	/ (	(Accounts Receivable (Q: Sep. 2014 )	+	Accounts Receivable (Q: Mar. 2015 ))	/	count )
=	0.407	/ (	(1.459	+	0)	/	1 )
=	0.407	/	1.459
=	0.28

Foresight 2 VCT (LSE:FTNI) 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.

Foresight 2 VCT Receivables Turnover Related Terms

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Foresight 2 VCT (LSE:FTNI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Foresight 2 VCT PLC (LSE:FTNI) » Definitions » Receivables Turnover

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Address

The Shard 32, 32 London Bridge Street, London, Kent, GBR, SE1 9SG

Website

http://www.foresightgroup.eu

Foresight 2 VCT PLC is a venture capital company. The Company's investment objective is to provide private investors with attractive returns by investing in range of securities including ordinary and preference shares, loan stock as well as cash. Foresight Group is the manager of the Company and provides investment management and other administrative services.

Foresight 2 VCT (LSE:FTNI) Headlines

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