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Signature Eyewear (Signature Eyewear) Receivables Turnover : 1.91 (As of Apr. 2011)


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What is Signature Eyewear 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. Signature Eyewear's Revenue for the three months ended in Apr. 2011 was $4.51 Mil. Signature Eyewear's average Accounts Receivable for the three months ended in Apr. 2011 was $2.36 Mil. Hence, Signature Eyewear's Receivables Turnover for the three months ended in Apr. 2011 was 1.91.


Signature Eyewear Receivables Turnover Historical Data

The historical data trend for Signature Eyewear'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.

* Premium members only.

Signature Eyewear Receivables Turnover Chart

Signature Eyewear Annual Data
Trend Oct01 Oct02 Oct03 Oct04 Oct05 Oct06 Oct07 Oct08 Oct09 Oct10
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.73 8.59 8.60 8.67 8.22

Signature Eyewear Quarterly Data
Jul06 Oct06 Jan07 Apr07 Jul07 Oct07 Jan08 Apr08 Jul08 Oct08 Jan09 Apr09 Jul09 Oct09 Jan10 Apr10 Jul10 Oct10 Jan11 Apr11
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.07 1.79 1.92 1.85 1.91

Competitive Comparison of Signature Eyewear's Receivables Turnover

For the Medical Instruments & Supplies subindustry, Signature Eyewear'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.


Signature Eyewear's Receivables Turnover Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Signature Eyewear's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Signature Eyewear's Receivables Turnover falls into.



Signature Eyewear Receivables Turnover Calculation

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

Signature Eyewear's Receivables Turnover for the fiscal year that ended in Oct. 2010 is calculated as

Receivables Turnover (A: Oct. 2010 )
=Revenue / Average Total Inventories
=Revenue (A: Oct. 2010 ) / ((Accounts Receivable (A: Oct. 2009 ) + Accounts Receivable (A: Oct. 2010 )) / count )
=20.831 / ((2.565 + 2.503) / 2 )
=20.831 / 2.534
=8.22

Signature Eyewear's Receivables Turnover for the quarter that ended in Apr. 2011 is calculated as

Receivables Turnover (Q: Apr. 2011 )
=Revenue / Average Total Inventories
=Revenue (Q: Apr. 2011 ) / ((Accounts Receivable (Q: Jan. 2011 ) + Accounts Receivable (Q: Apr. 2011 )) / count )
=4.51 / ((2.616 + 2.105) / 2 )
=4.51 / 2.3605
=1.91

* 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.


Signature Eyewear  (OTCPK:SEYE) 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.


Signature Eyewear Receivables Turnover Related Terms

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Signature Eyewear (Signature Eyewear) Business Description

Traded in Other Exchanges
N/A
Address
317 Isis Avenue 207, Inglewood, CA, USA, 90301
Signature Eyewear Inc designs, markets and distributes prescription eyeglass frames and sunwear under brand name licenses. Through its partnerships with Bobby Jones, Carmen Marc Valvo, Cutter & Buck, Dakota Smith, Hart Schaffner Marx, Hickey Freeman Laura Ashley, Laura Ashley Girls, Michael Stars, and Rough Justice, and the company brings quality products and distinct designs to the optical marketplace.

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