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Thinkpath (Thinkpath) Receivables Turnover : 1.50 (As of Sep. 2007)


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What is Thinkpath 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. Thinkpath's Revenue for the three months ended in Sep. 2007 was $3.67 Mil. Thinkpath's average Accounts Receivable for the three months ended in Sep. 2007 was $2.44 Mil. Hence, Thinkpath's Receivables Turnover for the three months ended in Sep. 2007 was 1.50.


Thinkpath Receivables Turnover Historical Data

The historical data trend for Thinkpath'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.

Thinkpath Receivables Turnover Chart

Thinkpath Annual Data
Trend Dec97 Dec98 Dec99 Dec00 Dec01 Dec02 Dec03 Dec04 Dec05 Dec06
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.14 4.88 6.30 6.50 6.77

Thinkpath Quarterly Data
Dec02 Mar03 Jun03 Sep03 Dec03 Mar04 Jun04 Sep04 Dec04 Mar05 Jun05 Sep05 Dec05 Mar06 Jun06 Sep06 Dec06 Mar07 Jun07 Sep07
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 1.55 1.44 1.57 1.53 1.50

Competitive Comparison of Thinkpath's Receivables Turnover

For the Engineering & Construction subindustry, Thinkpath'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.


Thinkpath's Receivables Turnover Distribution in the Construction Industry

For the Construction industry and Industrials sector, Thinkpath's Receivables Turnover distribution charts can be found below:

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



Thinkpath Receivables Turnover Calculation

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

Thinkpath's Receivables Turnover for the fiscal year that ended in Dec. 2006 is calculated as

Receivables Turnover (A: Dec. 2006 )
=Revenue / Average Total Inventories
=Revenue (A: Dec. 2006 ) / ((Accounts Receivable (A: Dec. 2005 ) + Accounts Receivable (A: Dec. 2006 )) / count )
=13.504 / ((1.841 + 2.15) / 2 )
=13.504 / 1.9955
=6.77

Thinkpath's Receivables Turnover for the quarter that ended in Sep. 2007 is calculated as

Receivables Turnover (Q: Sep. 2007 )
=Revenue / Average Total Inventories
=Revenue (Q: Sep. 2007 ) / ((Accounts Receivable (Q: Jun. 2007 ) + Accounts Receivable (Q: Sep. 2007 )) / count )
=3.668 / ((2.665 + 2.221) / 2 )
=3.668 / 2.443
=1.50

* 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.


Thinkpath  (GREY:THPHF) 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.


Thinkpath Receivables Turnover Related Terms

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Thinkpath (Thinkpath) Business Description

Traded in Other Exchanges
N/A
Address
365 Evans Avenue, Suite 602, Toronto, ON, CAN, M8Z 1K2
Thinkpath Inc provides customized engineering solutions with a wide range of support services guaranteeing timely, efficient and cost-effective completion of projects in numerous and varied industries. The company's customized solutions include Engineering & Design Services, Technical Publishing & Documentation and On-site Engineering Support.

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