ELCO (Elcom International) Receivables Turnover: 2.76 (As of Jun. 2008)

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What is Elcom International Receivables Turnover?

Elcom International ELCO Receivables Turnover is 2.76 as of Jun. 2008.

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. Elcom International's Revenue for the three months ended in Jun. 2008 was $1.70 Mil. Elcom International's average Accounts Receivable for the three months ended in Jun. 2008 was $0.62 Mil. Hence, Elcom International's Receivables Turnover for the three months ended in Jun. 2008 was 2.76.


Elcom International  (OTCPK:ELCO) 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.


Elcom International Receivables Turnover Related Terms


Elcom International Receivables Turnover Historical Data

* Premium members only.

The historical data trend for Elcom International'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.

Elcom International Receivables Turnover Chart

Elcom International Annual Data
Trend Dec98 Dec99 Dec00 Dec01 Dec02 Dec03 Dec04 Dec05 Dec06 Dec07
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.02 6.38 6.70 5.34 4.38

Elcom International Quarterly Data
Sep03 Dec03 Mar04 Jun04 Sep04 Dec04 Mar05 Jun05 Sep05 Dec05 Mar06 Jun06 Sep06 Dec06 Mar07 Jun07 Sep07 Dec07 Mar08 Jun08
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 1.42 1.32 1.07 1.00 2.76

ELCO vs BVSN, CLCI, DUOT: Receivables Turnover Comparison

For the Software - Application subindustry, Elcom International'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.


Elcom International Receivables Turnover vs Software Industry

For the Software industry and Technology sector, Elcom International's Receivables Turnover distribution charts can be found below:

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



Elcom International Receivables Turnover Calculation

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

Elcom International's Receivables Turnover for the fiscal year that ended in Dec. 2007 is calculated as

Receivables Turnover (A: Dec. 2007 )
=Revenue / Average Accounts Receivable
=Revenue (A: Dec. 2007 ) / ((Accounts Receivable (A: Dec. 2006 ) + Accounts Receivable (A: Dec. 2007 )) / count )
=5.377 / ((0.702 + 1.752) / 2 )
=5.377 / 1.227
=4.38

Elcom International's Receivables Turnover for the quarter that ended in Jun. 2008 is calculated as

Receivables Turnover (Q: Jun. 2008 )
=Revenue / Average Accounts Receivable
=Revenue (Q: Jun. 2008 ) / ((Accounts Receivable (Q: Mar. 2008 ) + Accounts Receivable (Q: Jun. 2008 )) / count )
=1.7 / ((0.693 + 0.539) / 2 )
=1.7 / 0.616
=2.76

* 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.

Frequently Asked Questions Learn more about Receivables Turnover →
What does a Receivables Turnover of 2.76 mean?
Elcom International (ELCO) has a Receivables Turnover of 2.76 as of Jun. 2008. The accounts 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. View historical data on Elcom International and its competitors.
Is Elcom International's Receivables Turnover too high?
Elcom International's current Receivables Turnover is 2.76. The Software industry median Receivables Turnover is 5.78. Elcom International's value of 2.76 is 52.2% below this industry median.
How does Elcom International's Receivables Turnover compare to BVSN and CLCI?
Elcom International's Receivables Turnover of 2.76 can be compared against companies in the Software industry. The industry median Receivables Turnover is 5.78. Elcom International's value of 2.76 is 52.2% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Receivables Turnover for a Software company?
The median Receivables Turnover among Software companies is 5.78, based on 2,784 companies in the industry. Companies in the top quartile (top 25%) have a Receivables Turnover significantly above this median, while those in the bottom quartile fall well below. However, Receivables Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Elcom International's current Receivables Turnover of 2.76 is 52.2% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Receivables Turnover mean?
A high Receivables Turnover can signal that a stock is expensive relative to its fundamentals. The accounts 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. View historical data on Elcom International and its competitors. For the Software industry, the median Receivables Turnover is 5.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Elcom International's current Receivables Turnover is 2.76. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Elcom International stock overvalued right now?
Elcom International (ELCO) has a current Receivables Turnover of 2.76. The current Receivables Turnover is 2.76 and 52.2% below the Software industry median of 5.78. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Receivables Turnover calculated?
Receivables Turnover is calculated from a company's financial statements. For Elcom International (ELCO), the current Receivables Turnover is 2.76 as of Jun. 2008. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Elcom International Business Description

Address 300 Granite Street, Suite 412, Braintree, MA, USA, 02184
Elcom International Inc develops and licenses proprietary software systems that enable users to buy and sell merchandise through computer networks. The company's Personal Electronic Commerce Online System is software that enables clients to automate procurement functions, such as pricing, invoicing, and payment. In addition, users can create electronic marketplaces to conduct online transactions with both suppliers and distributors. PECOS is offered as both licensed software and as a hosted application.