Comtex News Network (Comtex News Network) Receivables Turnover : 2.11 (As of Mar. 2010)

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What is Comtex News Network 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. Comtex News Network's Revenue for the three months ended in Mar. 2010 was $1.90 Mil. Comtex News Network's average Accounts Receivable for the three months ended in Mar. 2010 was $0.90 Mil. Hence, Comtex News Network's Receivables Turnover for the three months ended in Mar. 2010 was 2.11.

Comtex News Network Receivables Turnover Historical Data

The historical data trend for Comtex News Network'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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Comtex News Network Receivables Turnover Chart

Comtex News Network Annual Data

Trend

Jun00

Jun01

Jun02

Jun03

Jun04

Jun05

Jun06

Jun07

Jun08

Jun09

Receivables Turnover

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10.23

9.63

7.93

7.89

7.58

Comtex News Network Quarterly Data
	Jun05	Sep05	Dec05	Mar06	Jun06	Sep06	Dec06	Mar07	Jun07	Sep07	Dec07	Mar08	Jun08	Sep08	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10
Receivables Turnover	Get a 7-Day Free Trial															2.02	2.09	2.15	2.04	2.11

Competitive Comparison of Comtex News Network's Receivables Turnover

For the Publishing subindustry, Comtex News Network'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.

Comtex News Network's Receivables Turnover Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Comtex News Network's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Comtex News Network's Receivables Turnover falls into.

Comtex News Network Receivables Turnover Calculation

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

Comtex News Network's Receivables Turnover for the fiscal year that ended in Jun. 2009 is calculated as

	Receivables Turnover (A: Jun. 2009 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jun. 2009 )	/ (	(Accounts Receivable (A: Jun. 2008 )	+	Accounts Receivable (A: Jun. 2009 ))	/	count )
=	6.402	/ (	(0.855	+	0.835)	/	2 )
=	6.402	/	0.845
=	7.58

Comtex News Network's Receivables Turnover for the quarter that ended in Mar. 2010 is calculated as

	Receivables Turnover (Q: Mar. 2010 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2010 )	/ (	(Accounts Receivable (Q: Dec. 2009 )	+	Accounts Receivable (Q: Mar. 2010 ))	/	count )
=	1.901	/ (	(0.901	+	0.901)	/	2 )
=	1.901	/	0.901
=	2.11

Comtex News Network (OTCPK:CMTX) 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.

Comtex News Network Receivables Turnover Related Terms

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Comtex News Network (Comtex News Network) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Comtex News Network Inc (OTCPK:CMTX) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

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Address

295 Madison Avenue, 12th Floor, New York, NY, USA, 10017

Website

http://www.comtex.com

Comtex News Network Inc is a provider of economically useful electronic real-time news, content and SmarTrend(r) market products. It receives, enhances, combines and filters news and content received from national and international news bureaus, agencies and publications, and distributes more than one million total stories per day.

Executives

Chip Brian	officer: President and COO	625 N WASHINGTON STREET STE 301 ALEXANDRIA VA 22314
Tepco Corp	10 percent owner	25 CHURCH STREET THE CONTINENTAL BUILDING HAMILTON D0 HM 12
C W Gilluly	director, officer: Interim C.E.O.	625 N. WASHINGTON ST. STE 301 ALEXANDRIA VA 22314

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