Stonepath Group (Stonepath Group) Receivables Turnover : 1.35 (As of Sep. 2006)

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What is Stonepath Group 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. Stonepath Group's Revenue for the three months ended in Sep. 2006 was $65.3 Mil. Stonepath Group's average Accounts Receivable for the three months ended in Sep. 2006 was $48.3 Mil. Hence, Stonepath Group's Receivables Turnover for the three months ended in Sep. 2006 was 1.35.

Stonepath Group Receivables Turnover Historical Data

The historical data trend for Stonepath Group'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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Stonepath Group Receivables Turnover Chart

Stonepath Group Annual Data

Trend

Dec98

Dec99

Dec00

Dec01

Dec02

Dec03

Dec04

Dec05

Receivables Turnover

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4.14

8.44

7.33

7.18

6.13

Stonepath Group Quarterly Data
	Dec01	Mar02	Jun02	Sep02	Dec02	Mar03	Jun03	Sep03	Dec03	Mar04	Jun04	Sep04	Dec04	Mar05	Jun05	Sep05	Dec05	Mar06	Jun06	Sep06
Receivables Turnover	Get a 7-Day Free Trial															1.20	2.72	1.43	1.58	1.35

Competitive Comparison of Stonepath Group's Receivables Turnover

For the Integrated Freight & Logistics subindustry, Stonepath Group'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.

Stonepath Group's Receivables Turnover Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Stonepath Group's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Stonepath Group's Receivables Turnover falls into.

Stonepath Group Receivables Turnover Calculation

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

Stonepath Group's Receivables Turnover for the fiscal year that ended in Dec. 2005 is calculated as

	Receivables Turnover (A: Dec. 2005 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2005 )	/ (	(Accounts Receivable (A: Dec. 2004 )	+	Accounts Receivable (A: Dec. 2005 ))	/	count )
=	410.255	/ (	(64.064	+	69.836)	/	2 )
=	410.255	/	66.95
=	6.13

Stonepath Group's Receivables Turnover for the quarter that ended in Sep. 2006 is calculated as

	Receivables Turnover (Q: Sep. 2006 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2006 )	/ (	(Accounts Receivable (Q: Jun. 2006 )	+	Accounts Receivable (Q: Sep. 2006 ))	/	count )
=	65.251	/ (	(56.403	+	40.247)	/	2 )
=	65.251	/	48.325
=	1.35

Stonepath Group (OTCPK:SGRZ) 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.

Stonepath Group Receivables Turnover Related Terms

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Stonepath Group (Stonepath Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Stonepath Group Inc (OTCPK:SGRZ) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

2200 Alaskan Way, Suite 200, Seattle, WA, USA, 98121

Website

http://www.stonepath.com

Stonepath Group Inc is a non-asset based third-party logistics provider. The Company is engaged in shipping and transportation, managing all aspects of transit.

Executives

Dennis L Pelino	director
Bohn H Crain	officer: Chief Financial Officer	405 114TH AVENUE SE, THIRD FLOOR, BELLEVUE WA 98004
Stephen M Cohen	officer: General Counsel	1604 LOCUST STREET, THIRD FLOOR, PHILADELPHIA PA 19103

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