OPT Sciences (OPT Sciences) Receivables Turnover : 1.46 (As of Jul. 2015)

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What is OPT Sciences 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. OPT Sciences's Revenue for the three months ended in Jul. 2015 was $1.98 Mil. OPT Sciences's average Accounts Receivable for the three months ended in Jul. 2015 was $1.35 Mil. Hence, OPT Sciences's Receivables Turnover for the three months ended in Jul. 2015 was 1.46.

OPT Sciences Receivables Turnover Historical Data

The historical data trend for OPT Sciences'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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OPT Sciences Receivables Turnover Chart

OPT Sciences Annual Data

Trend

Oct05

Oct06

Oct07

Oct08

Oct09

Oct10

Oct11

Oct12

Oct13

Oct14

Receivables Turnover

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7.67

7.44

5.93

5.19

5.56

OPT Sciences Quarterly Data
	Oct10	Jan11	Apr11	Jul11	Oct11	Jan12	Apr12	Jul12	Oct12	Jan13	Apr13	Jul13	Oct13	Jan14	Apr14	Jul14	Oct14	Jan15	Apr15	Jul15
Receivables Turnover	Get a 7-Day Free Trial															1.60	1.77	1.24	1.31	1.46

Competitive Comparison of OPT Sciences's Receivables Turnover

For the Aerospace & Defense subindustry, OPT Sciences'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.

OPT Sciences's Receivables Turnover Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, OPT Sciences's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where OPT Sciences's Receivables Turnover falls into.

OPT Sciences Receivables Turnover Calculation

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

OPT Sciences's Receivables Turnover for the fiscal year that ended in Oct. 2014 is calculated as

	Receivables Turnover (A: Oct. 2014 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Oct. 2014 )	/ (	(Accounts Receivable (A: Oct. 2013 )	+	Accounts Receivable (A: Oct. 2014 ))	/	count )
=	7.073	/ (	(1.05	+	1.496)	/	2 )
=	7.073	/	1.273
=	5.56

OPT Sciences's Receivables Turnover for the quarter that ended in Jul. 2015 is calculated as

	Receivables Turnover (Q: Jul. 2015 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jul. 2015 )	/ (	(Accounts Receivable (Q: Apr. 2015 )	+	Accounts Receivable (Q: Jul. 2015 ))	/	count )
=	1.975	/ (	(1.321	+	1.387)	/	2 )
=	1.975	/	1.354
=	1.46

OPT Sciences (OTCPK:OPST) 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.

OPT Sciences Receivables Turnover Related Terms

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OPT Sciences (OPT Sciences) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » OPT Sciences Corp (OTCPK:OPST) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

1912 Bannard Street, Cinnaminson, NJ, USA, 08077

Website

http://www.optsciences.com

OPT Sciences Corp through its operating subsidiary O & S Research, manufactures precision optical components for the Aerospace Industry. It provides anti-glare optical coatings, panels for liquid crystal displays ("LCD"), LCD glass heaters, and electromagnetic interference shielding glass. In addition, it also offers glass cutting, grinding, and painting services. Geographically, the activities are performed in the United States and it derives revenue from product sales when products are shipped to customers.

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