CMIM (Changming Industrial Management Group Holding) Receivables Turnover : 0.20 (As of Jun. 2009)

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What is Changming Industrial Management Group Holding 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. Changming Industrial Management Group Holding's Revenue for the three months ended in Jun. 2009 was $0.06 Mil. Changming Industrial Management Group Holding's average Accounts Receivable for the three months ended in Jun. 2009 was $0.30 Mil. Hence, Changming Industrial Management Group Holding's Receivables Turnover for the three months ended in Jun. 2009 was 0.20.

Changming Industrial Management Group Holding Receivables Turnover Historical Data

The historical data trend for Changming Industrial Management Group Holding'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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Changming Industrial Management Group Holding Receivables Turnover Chart

Changming Industrial Management Group Holding Annual Data

Trend

May07

May08

Receivables Turnover

Changming Industrial Management Group Holding Quarterly Data
	Nov06	Feb07	May07	Aug07	Nov07	Feb08	May08	Sep08	Dec08	Mar09	Jun09
Receivables Turnover	Get a 7-Day Free Trial						-	-	0.66	0.37	0.20

Competitive Comparison of Changming Industrial Management Group Holding's Receivables Turnover

For the Other Industrial Metals & Mining subindustry, Changming Industrial Management Group Holding'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.

Changming Industrial Management Group Holding's Receivables Turnover Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Changming Industrial Management Group Holding's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Changming Industrial Management Group Holding's Receivables Turnover falls into.

Changming Industrial Management Group Holding Receivables Turnover Calculation

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

Changming Industrial Management Group Holding's Receivables Turnover for the fiscal year that ended in May. 2008 is calculated as

	Receivables Turnover (A: May. 2008 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: May. 2008 )	/ (	(Accounts Receivable (A: May. 2007 )	+	Accounts Receivable (A: May. 2008 ))	/	count )
=	0	/ (	(0	+	0)	/	1 )
=	0	/	0
=	N/A

Changming Industrial Management Group Holding's Receivables Turnover for the quarter that ended in Jun. 2009 is calculated as

	Receivables Turnover (Q: Jun. 2009 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2009 )	/ (	(Accounts Receivable (Q: Mar. 2009 )	+	Accounts Receivable (Q: Jun. 2009 ))	/	count )
=	0.061	/ (	(0.163	+	0.436)	/	2 )
=	0.061	/	0.2995
=	0.20

Changming Industrial Management Group Holding (OTCPK:CMIM) 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.

Changming Industrial Management Group Holding Receivables Turnover Related Terms

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Changming Industrial Management Group Holding Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Changming Industrial Management Group Holding Inc (OTCPK:CMIM) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Room 904, Tung Wai Commercial Building, Wan Chai, Hong Kong, HKG

Website

http://www.sxcmky.com

Changming Industrial Management Group Holding Inc is engaged in the processing and sales of mineral products as well as vanadium mining. Its product series include Product Series Vanadium ore, crystal, pentoxide, alloy, iron, and titanium alloy.

Changming Industrial Management Group Holding Headlines

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