Patient Access Solutions (Patient Access Solutions) Receivables Turnover : 1.87 (As of Jul. 2008)

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What is Patient Access Solutions 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. Patient Access Solutions's Revenue for the three months ended in Jul. 2008 was $0.10 Mil. Patient Access Solutions's average Accounts Receivable for the three months ended in Jul. 2008 was $0.05 Mil. Hence, Patient Access Solutions's Receivables Turnover for the three months ended in Jul. 2008 was 1.87.

Patient Access Solutions Receivables Turnover Historical Data

The historical data trend for Patient Access Solutions'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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Patient Access Solutions Receivables Turnover Chart

Patient Access Solutions Annual Data

Trend

Oct06

Oct07

Oct08

Receivables Turnover

Patient Access Solutions Quarterly Data
	Jan07	Apr07	Jul07	Oct07	Jan08	Apr08	Jul08
Receivables Turnover	Get a 7-Day Free Trial			-	-	-	1.94	1.87

Competitive Comparison of Patient Access Solutions's Receivables Turnover

For the Health Information Services subindustry, Patient Access Solutions'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.

Patient Access Solutions's Receivables Turnover Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Patient Access Solutions's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Patient Access Solutions's Receivables Turnover falls into.

Patient Access Solutions Receivables Turnover Calculation

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

Patient Access Solutions's Receivables Turnover for the fiscal year that ended in Oct. 2008 is calculated as

	Receivables Turnover (A: Oct. 2008 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Oct. 2008 )	/ (	(Accounts Receivable (A: Oct. 2007 )	+	Accounts Receivable (A: Oct. 2008 ))	/	count )
=	0	/ (	(0	+	0.015)	/	1 )
=	0	/	0.015
=	N/A

Patient Access Solutions's Receivables Turnover for the quarter that ended in Jul. 2008 is calculated as

	Receivables Turnover (Q: Jul. 2008 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jul. 2008 )	/ (	(Accounts Receivable (Q: Apr. 2008 )	+	Accounts Receivable (Q: Jul. 2008 ))	/	count )
=	0.1	/ (	(0.051	+	0.056)	/	2 )
=	0.1	/	0.0535
=	1.87

Patient Access Solutions (OTCPK:PASO) 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.

Patient Access Solutions Receivables Turnover Related Terms

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Patient Access Solutions (Patient Access Solutions) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Patient Access Solutions Inc (OTCPK:PASO) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

150 Veterans Highway, Unit 1124, Commack, NY, USA, 11725

Website

http://www.pashealth.com

Patient Access Solutions Inc is a technology solutions provider focused on service within the healthcare community, with a focus of using technology to facilitate their customers' needs. The company develops and markets the PASHealth Web Portal System.

Patient Access Solutions (Patient Access Solutions) Headlines

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