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Avitar (Avitar) Receivables Turnover : 2.51 (As of Dec. 2007)


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What is Avitar 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. Avitar's Revenue for the three months ended in Dec. 2007 was $0.51 Mil. Avitar's average Accounts Receivable for the three months ended in Dec. 2007 was $0.20 Mil. Hence, Avitar's Receivables Turnover for the three months ended in Dec. 2007 was 2.51.


Avitar Receivables Turnover Historical Data

The historical data trend for Avitar'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.

Avitar Receivables Turnover Chart

Avitar Annual Data
Trend Sep98 Sep99 Sep00 Sep01 Sep02 Sep03 Sep04 Sep05 Sep06 Sep07
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.53 7.02 7.43 7.66 7.48

Avitar Quarterly Data
Mar03 Jun03 Sep03 Dec03 Mar04 Jun04 Sep04 Dec04 Mar05 Jun05 Sep05 Dec05 Mar06 Jun06 Sep06 Dec06 Mar07 Jun07 Sep07 Dec07
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 1.95 2.54 4.09 3.16 2.51

Competitive Comparison of Avitar's Receivables Turnover

For the Medical Devices subindustry, Avitar'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.


Avitar's Receivables Turnover Distribution in the Medical Devices & Instruments Industry

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

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



Avitar Receivables Turnover Calculation

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

Avitar's Receivables Turnover for the fiscal year that ended in Sep. 2007 is calculated as

Receivables Turnover (A: Sep. 2007 )
=Revenue / Average Total Inventories
=Revenue (A: Sep. 2007 ) / ((Accounts Receivable (A: Sep. 2006 ) + Accounts Receivable (A: Sep. 2007 )) / count )
=3.106 / ((0.602 + 0.229) / 2 )
=3.106 / 0.4155
=7.48

Avitar's Receivables Turnover for the quarter that ended in Dec. 2007 is calculated as

Receivables Turnover (Q: Dec. 2007 )
=Revenue / Average Total Inventories
=Revenue (Q: Dec. 2007 ) / ((Accounts Receivable (Q: Sep. 2007 ) + Accounts Receivable (Q: Dec. 2007 )) / count )
=0.505 / ((0.229 + 0.173) / 2 )
=0.505 / 0.201
=2.51

* 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.


Avitar  (OTCPK:AVTI) 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.


Avitar Receivables Turnover Related Terms

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Avitar (Avitar) Business Description

Traded in Other Exchanges
N/A
Address
5005 Elbow Drive SW, Suite 207, Calgary, AB, CAN, T2S 1T9
Website
Avitar Inc, through its subsidiary Avitar Technologies, develops, manufactures, and markets products for oral fluid diagnostics, disease and clinical testing, and wound treating.

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