ASFX (American Scientific Resources) Receivables Turnover: 2.78 (As of Sep. 2011)


What is American Scientific Resources Receivables Turnover?

American Scientific Resources ASFX -96.67% Receivables Turnover is 2.78 as of Sep. 2011.

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. American Scientific Resources's Revenue for the three months ended in Sep. 2011 was $0.44 Mil. American Scientific Resources's average Accounts Receivable for the three months ended in Sep. 2011 was $0.16 Mil. Hence, American Scientific Resources's Receivables Turnover for the three months ended in Sep. 2011 was 2.78.

American Scientific Resources  (OTCPK:ASFX) 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.

American Scientific Resources Receivables Turnover Related Terms

American Scientific Resources Receivables Turnover Historical Data

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The historical data trend for American Scientific Resources'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.

American Scientific Resources Receivables Turnover Chart

American Scientific Resources Annual Data
Trend
Receivables Turnover

American Scientific Resources Quarterly Data
Sep10 Sep11
Receivables Turnover 0.00 2.78

ASFX vs GNID, QTXB, ASNB: Receivables Turnover Comparison

For the Medical Instruments & Supplies subindustry, American Scientific Resources'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.

American Scientific Resources Receivables Turnover vs Medical Devices & Instruments Industry

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

* The bar in red indicates where American Scientific Resources's Receivables Turnover falls into.


American Scientific Resources Receivables Turnover Calculation

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

American Scientific Resources's Receivables Turnover for the fiscal year that ended in . 20 is calculated as

Receivables Turnover (A: . 20 )
=Revenue / Average Accounts Receivable
=Revenue (A: . 20 ) / ((Accounts Receivable (A: . 20 ) + Accounts Receivable (A: . 20 )) / count )
= / (( + ) / 1 )
= / 0
=N/A

American Scientific Resources's Receivables Turnover for the quarter that ended in Sep. 2011 is calculated as

Receivables Turnover (Q: Sep. 2011 )
=Revenue / Average Accounts Receivable
=Revenue (Q: Sep. 2011 ) / ((Accounts Receivable (Q: Sep. 2010 ) + Accounts Receivable (Q: Sep. 2011 )) / count )
=0.44 / ((0 + 0.158) / 1 )
=0.44 / 0.158
=2.78

* 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.

Frequently Asked Questions Learn more about Receivables Turnover →
What does a Receivables Turnover of 2.78 mean?
American Scientific Resources (ASFX) has a Receivables Turnover of 2.78 as of Sep. 2011. The accounts 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. View historical data on American Scientific Resources and its competitors.
Is American Scientific Resources' Receivables Turnover too high?
American Scientific Resources' current Receivables Turnover is 2.78. The Medical Devices & Instruments industry median Receivables Turnover is 5.55. American Scientific Resources' value of 2.78 is 49.9% below this industry median.
How does American Scientific Resources' Receivables Turnover compare to GNID and QTXB?
American Scientific Resources' Receivables Turnover of 2.78 can be compared against companies in the Medical Devices & Instruments industry. The industry median Receivables Turnover is 5.55. American Scientific Resources' value of 2.78 is 49.9% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Receivables Turnover for a Medical Devices & Instruments company?
The median Receivables Turnover among Medical Devices & Instruments companies is 5.55, based on 813 companies in the industry. Companies in the top quartile (top 25%) have a Receivables Turnover significantly above this median, while those in the bottom quartile fall well below. However, Receivables Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. American Scientific Resources's current Receivables Turnover of 2.78 is 49.9% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Receivables Turnover mean?
A high Receivables Turnover can signal that a stock is expensive relative to its fundamentals. The accounts 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. View historical data on American Scientific Resources and its competitors. For the Medical Devices & Instruments industry, the median Receivables Turnover is 5.55 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. American Scientific Resources's current Receivables Turnover is 2.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is American Scientific Resources stock overvalued right now?
American Scientific Resources (ASFX) has a current Receivables Turnover of 2.78. The current Receivables Turnover is 2.78 and 49.9% below the Medical Devices & Instruments industry median of 5.55. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Receivables Turnover calculated?
Receivables Turnover is calculated from a company's financial statements. For American Scientific Resources (ASFX), the current Receivables Turnover is 2.78 as of Sep. 2011. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

American Scientific Resources Business Description