elexis AG (XTER:EEX) Receivables Turnover : 2.98 (As of Jun. 2014)

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What is elexis AG 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. elexis AG's Revenue for the six months ended in Jun. 2014 was €88.20 Mil. elexis AG's average Accounts Receivable for the six months ended in Jun. 2014 was €29.57 Mil. Hence, elexis AG's Receivables Turnover for the six months ended in Jun. 2014 was 2.98.

elexis AG Receivables Turnover Historical Data

The historical data trend for elexis AG'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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elexis AG Receivables Turnover Chart

elexis AG Annual Data

Trend

Dec04

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Receivables Turnover

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5.16

5.92

6.48

5.77

5.84

elexis AG Semi-Annual Data
	Dec09	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14
Receivables Turnover	Get a 7-Day Free Trial					2.93	-	2.86	-	2.98

Competitive Comparison of elexis AG's Receivables Turnover

For the subindustry, elexis AG'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.

elexis AG's Receivables Turnover Distribution in the Industry

For the industry and sector, elexis AG's Receivables Turnover distribution charts can be found below:

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

elexis AG Receivables Turnover Calculation

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

elexis AG's Receivables Turnover for the fiscal year that ended in Dec. 2013 is calculated as

	Receivables Turnover (A: Dec. 2013 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2013 )	/ (	(Accounts Receivable (A: Dec. 2012 )	+	Accounts Receivable (A: Dec. 2013 ))	/	count )
=	171.726	/ (	(29.275	+	29.574)	/	2 )
=	171.726	/	29.4245
=	5.84

elexis AG's Receivables Turnover for the quarter that ended in Jun. 2014 is calculated as

	Receivables Turnover (Q: Jun. 2014 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2014 )	/ (	(Accounts Receivable (Q: Dec. 2013 )	+	Accounts Receivable (Q: Jun. 2014 ))	/	count )
=	88.2	/ (	(29.574	+	0)	/	1 )
=	88.2	/	29.574
=	2.98

elexis AG (XTER:EEX) 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.

elexis AG Receivables Turnover Related Terms

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elexis AG (XTER:EEX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » elexis AG (XTER:EEX) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

Website

http://www.elexis.de

elexis AG is a technology company. It provides solutions in the areas of industrial automation, quality assurance systems, drive technology, and strip and web guiding systems.