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ASV Holdings (ASV Holdings) Receivables Turnover : 2.14 (As of Jun. 2019)


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What is ASV Holdings 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. ASV Holdings's Revenue for the three months ended in Jun. 2019 was $36.0 Mil. ASV Holdings's average Accounts Receivable for the three months ended in Jun. 2019 was $16.8 Mil. Hence, ASV Holdings's Receivables Turnover for the three months ended in Jun. 2019 was 2.14.

ASV Holdings Receivables Turnover Historical Data

The historical data trend for ASV Holdings'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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ASV Holdings Receivables Turnover Chart

ASV Holdings Annual Data
Trend Dec15 Dec16 Dec17 Dec18
Receivables Turnover
8.22 7.46 7.74 6.95

ASV Holdings Quarterly Data
Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19
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 1.98 2.00 1.83 1.50 2.14

Competitive Comparison of ASV Holdings's Receivables Turnover

For the Farm & Heavy Construction Machinery subindustry, ASV Holdings'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.

ASV Holdings's Receivables Turnover Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, ASV Holdings's Receivables Turnover distribution charts can be found below:

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


ASV Holdings Receivables Turnover Calculation

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

ASV Holdings's Receivables Turnover for the fiscal year that ended in Dec. 2018 is calculated as

Receivables Turnover (A: Dec. 2018 )
=Revenue / Average Total Inventories
=Revenue (A: Dec. 2018 ) / ((Accounts Receivable (A: Dec. 2017 ) + Accounts Receivable (A: Dec. 2018 )) / count )
=127.58 / ((18.276 + 18.462) / 2 )
=127.58 / 18.369
=6.95

ASV Holdings's Receivables Turnover for the quarter that ended in Jun. 2019 is calculated as

Receivables Turnover (Q: Jun. 2019 )
=Revenue / Average Total Inventories
=Revenue (Q: Jun. 2019 ) / ((Accounts Receivable (Q: Mar. 2019 ) + Accounts Receivable (Q: Jun. 2019 )) / count )
=36.018 / ((18.044 + 15.594) / 2 )
=36.018 / 16.819
=2.14

* 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.

ASV Holdings  (NAS:ASV) 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.

ASV Holdings Receivables Turnover Related Terms

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ASV Holdings (ASV Holdings) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » ASV Holdings Inc (NAS:ASV) » Definitions » Receivables Turnover
Comparable Companies
TSE:6325 TSX:BUI WAR:KPX TSE:6316 XSGO:COPEVAL TSE:6294 XAMS:HYDRA HKSE:01301 XKRX:017550 BSP:KEPL3 XKRX:900280 BUE:AGRO BOM:523754 WAR:URS ASX:THC AMMJ BSP:MTSA4 XKRX:050860 XKRX:084180 HKSE:00840
Traded in Other Exchanges
N/A
Address
840 Lily Lane, Grand Rapids, MN, USA, 55744
Website
http:/www.asvi.com
ASV Holdings Inc is a designer and manufacturer of a broad range of high quality compact track loader (CTL) and skid steer loader (SSL) equipments. CTLs are compact tracked vehicles with lift arms that function particularly well in wet, muddy, snowy or harsh conditions and where there are slopes and grades, such as in a construction, agriculture or forestry environment. SSLs are wheeled vehicles with lift arms that can be outfitted with the same attachments as CTLs and can therefore be used in most of the same applications. It also serves as a private label original equipment manufacturer for several manufacturers. The company's markets through a distribution network in North America, Australia and New Zealand under the ASV and Terex brands.
Executives
Joseph M Nowicki director C/O BEACON ROOFING SUPPLY, INC., 505 HUNTMAR PARK DRIVE SUITE 300, HERNDON VA 20170
Andrew M Rooke director, officer: Chief Executive Officer 7402 W. 100TH PLACE, BRIDGEVIEW IL 48304
Brian J Henry director C/O TEREX CORP, 200 NYALA FARM ROAD, WESTPORT CT 06880