Advant-e (Advant-e) Receivables Turnover : 2.77 (As of Dec. 2012)

View and export this data going back to . Start your Free Trial

What is Advant-e 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. Advant-e's Revenue for the three months ended in Dec. 2012 was $2.52 Mil. Advant-e's average Accounts Receivable for the three months ended in Dec. 2012 was $0.91 Mil. Hence, Advant-e's Receivables Turnover for the three months ended in Dec. 2012 was 2.77.

Advant-e Receivables Turnover Historical Data

The historical data trend for Advant-e'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.

Advant-e Receivables Turnover Chart

Advant-e Annual Data

Trend

Dec03

Dec04

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Receivables Turnover

Get a 7-Day Free Trial

11.79

12.98

13.51

12.56

12.07

Advant-e Quarterly Data
	Mar08	Jun08	Sep08	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12
Receivables Turnover	Get a 7-Day Free Trial															3.23	3.06	3.21	3.06	2.77

Competitive Comparison of Advant-e's Receivables Turnover

For the Software - Application subindustry, Advant-e'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.

Advant-e's Receivables Turnover Distribution in the Software Industry

For the Software industry and Technology sector, Advant-e's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Advant-e's Receivables Turnover falls into.

Advant-e Receivables Turnover Calculation

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

Advant-e's Receivables Turnover for the fiscal year that ended in Dec. 2012 is calculated as

	Receivables Turnover (A: Dec. 2012 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2012 )	/ (	(Accounts Receivable (A: Dec. 2011 )	+	Accounts Receivable (A: Dec. 2012 ))	/	count )
=	10.106	/ (	(0.784	+	0.891)	/	2 )
=	10.106	/	0.8375
=	12.07

Advant-e's Receivables Turnover for the quarter that ended in Dec. 2012 is calculated as

	Receivables Turnover (Q: Dec. 2012 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2012 )	/ (	(Accounts Receivable (Q: Sep. 2012 )	+	Accounts Receivable (Q: Dec. 2012 ))	/	count )
=	2.518	/ (	(0.927	+	0.891)	/	2 )
=	2.518	/	0.909
=	2.77

Advant-e (OTCPK:ADVCD) 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.

Advant-e Receivables Turnover Related Terms

Thank you for viewing the detailed overview of Advant-e's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Advant-e (Advant-e) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Advant-e Corp (OTCPK:ADVCD) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

2434 Esquire Drive, Beavercreek, OH, USA, 45431

Website

http://www.advant-e.com

Advant-e Corp is a United States based company engaged in the development, marketing, reselling and hosting software and provides services, through its wholly-owned subsidiaries. The services allow the customers to send and receive business documents in standard and proprietary formats. The group specializes in providing hosted electronic data interchange solutions that utilize the internet as the primary communications method.

Advant-e (Advant-e) Headlines

From GuruFocus

Thoughts on Mental Models, Part 1- Pattern Recognition HLF

By whopper investments whopper investments • 02-14-2013

Evolution of My Value Investment Philosophy – Part I

By asues asues • 02-07-2011