7days Music Entertainment AG (FRA:7DM1) Receivables Turnover : 5.72 (As of Dec. 2012)

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What is 7days Music Entertainment AG 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. 7days Music Entertainment AG's Revenue for the six months ended in Dec. 2012 was €2.91 Mil. 7days Music Entertainment AG's average Accounts Receivable for the six months ended in Dec. 2012 was €0.51 Mil. Hence, 7days Music Entertainment AG's Receivables Turnover for the six months ended in Dec. 2012 was 5.72.

7days Music Entertainment AG Receivables Turnover Historical Data

The historical data trend for 7days Music Entertainment AG'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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7days Music Entertainment AG Receivables Turnover Chart

7days Music Entertainment AG Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Receivables Turnover

3.59

3.02

6.52

5.72

7days Music Entertainment AG Semi-Annual Data
	Dec09	Dec10	Dec11	Dec12
Receivables Turnover	3.59	3.02	6.52	5.72

Competitive Comparison of 7days Music Entertainment AG's Receivables Turnover

For the Broadcasting subindustry, 7days Music Entertainment AG'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.

7days Music Entertainment AG's Receivables Turnover Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, 7days Music Entertainment AG's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where 7days Music Entertainment AG's Receivables Turnover falls into.

7days Music Entertainment AG Receivables Turnover Calculation

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

7days Music Entertainment AG's Receivables Turnover for the fiscal year that ended in Dec. 2012 is calculated as

	Receivables Turnover (A: Dec. 2012 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2012 )	/ (	(Accounts Receivable (A: Dec. 2011 )	+	Accounts Receivable (A: Dec. 2012 ))	/	count )
=	2.906	/ (	(0.521	+	0.495)	/	2 )
=	2.906	/	0.508
=	5.72

7days Music Entertainment AG's Receivables Turnover for the quarter that ended in Dec. 2012 is calculated as

	Receivables Turnover (Q: Dec. 2012 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2012 )	/ (	(Accounts Receivable (Q: Dec. 2011 )	+	Accounts Receivable (Q: Dec. 2012 ))	/	count )
=	2.906	/ (	(0.521	+	0.495)	/	2 )
=	2.906	/	0.508
=	5.72

7days Music Entertainment AG (FRA:7DM1) 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.

7days Music Entertainment AG Receivables Turnover Related Terms

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7days Music Entertainment AG (FRA:7DM1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » 7days Music Entertainment AG (FRA:7DM1) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.7daysmusic.de

7days Music Entertainment AG is engaged in music and entertainment industry, which includes marketing and sales of music CD, DVD, advertising, artiste management and mobile ring tones.

7days Music Entertainment AG (FRA:7DM1) Headlines

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