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Covista Communications (Covista Communications) Receivables Turnover : 1.29 (As of Apr. 2005)


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What is Covista Communications 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. Covista Communications's Revenue for the three months ended in Apr. 2005 was $11.25 Mil. Covista Communications's average Accounts Receivable for the three months ended in Apr. 2005 was $8.75 Mil. Hence, Covista Communications's Receivables Turnover for the three months ended in Apr. 2005 was 1.29.


Covista Communications Receivables Turnover Historical Data

The historical data trend for Covista Communications'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.

Covista Communications Receivables Turnover Chart

Covista Communications Annual Data
Trend Jan96 Jan97 Jan98 Jan99 Jan00 Jan01 Jan02 Jan03 Jan04 Jan05
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 9.30 7.78 6.40 6.12

Covista Communications Quarterly Data
Jul00 Oct00 Jan01 Apr01 Jul01 Oct01 Jan02 Apr02 Jul02 Oct02 Jan03 Apr03 Jul03 Oct03 Jan04 Apr04 Jul04 Oct04 Jan05 Apr05
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 1.76 1.82 1.54 1.41 1.29

Competitive Comparison of Covista Communications's Receivables Turnover

For the Telecom Services subindustry, Covista Communications'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.


Covista Communications's Receivables Turnover Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Covista Communications's Receivables Turnover distribution charts can be found below:

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



Covista Communications Receivables Turnover Calculation

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

Covista Communications's Receivables Turnover for the fiscal year that ended in Jan. 2005 is calculated as

Receivables Turnover (A: Jan. 2005 )
=Revenue / Average Total Inventories
=Revenue (A: Jan. 2005 ) / ((Accounts Receivable (A: Jan. 2004 ) + Accounts Receivable (A: Jan. 2005 )) / count )
=59.84 / ((10.533 + 9.024) / 2 )
=59.84 / 9.7785
=6.12

Covista Communications's Receivables Turnover for the quarter that ended in Apr. 2005 is calculated as

Receivables Turnover (Q: Apr. 2005 )
=Revenue / Average Total Inventories
=Revenue (Q: Apr. 2005 ) / ((Accounts Receivable (Q: Jan. 2005 ) + Accounts Receivable (Q: Apr. 2005 )) / count )
=11.253 / ((9.024 + 8.468) / 2 )
=11.253 / 8.746
=1.29

* 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.


Covista Communications  (OTCPK:CVST) 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.


Covista Communications Receivables Turnover Related Terms

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Covista Communications (Covista Communications) Business Description

Traded in Other Exchanges
N/A
Address
735 Broad Street, Unit 306, Chattanooga, TN, USA, 37402
Covista Communications Inc is a telecommunication service provider. Its products and services include voice, data, and internet solutions, including local, long-distance, and toll-free services, calling card, frame relay, Internet access, & directory assistance.
Executives
W Thorpe Mckenzie director 735 BROAD ST, STE 1105, CHATTANOOGA TN 37402
Jay J Miller director 430 EAST 57TH STREET SUITE 5 D, NEW YORK NY 10022

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