China Specialty Glass AG (FRA:8GS) Receivables Turnover: 1.22 (As of Jun. 2014)


What is China Specialty Glass AG Receivables Turnover?

China Specialty Glass AG FRA:8GS Receivables Turnover is 1.22 as of Jun. 2014.

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. China Specialty Glass AG's Revenue for the three months ended in Jun. 2014 was €28.7 Mil. China Specialty Glass AG's average Accounts Receivable for the three months ended in Jun. 2014 was €23.4 Mil. Hence, China Specialty Glass AG's Receivables Turnover for the three months ended in Jun. 2014 was 1.22.

China Specialty Glass AG  (FRA:8GS) 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.

China Specialty Glass AG Receivables Turnover Related Terms

China Specialty Glass AG Receivables Turnover Historical Data

* Premium members only.

The historical data trend for China Specialty Glass 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.

China Specialty Glass AG Receivables Turnover Chart

China Specialty Glass AG Annual Data
Trend Dec10 Dec11 Dec12 Dec13
Receivables Turnover
0.00 5.46 5.78 5.79

China Specialty Glass AG Quarterly Data
Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14
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 1.42 1.37 0.37 1.38 1.22

FRA:8GS vs DTII, VCON, UUU: Receivables Turnover Comparison

For the Security & Protection Services subindustry, China Specialty Glass 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.

China Specialty Glass AG Receivables Turnover vs Business Services Industry

For the Business Services industry and Industrials sector, China Specialty Glass AG's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where China Specialty Glass AG's Receivables Turnover falls into.


China Specialty Glass AG Receivables Turnover Calculation

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

China Specialty Glass AG's Receivables Turnover for the fiscal year that ended in Dec. 2013 is calculated as

Receivables Turnover (A: Dec. 2013 )
=Revenue / Average Accounts Receivable
=Revenue (A: Dec. 2013 ) / ((Accounts Receivable (A: Dec. 2012 ) + Accounts Receivable (A: Dec. 2013 )) / count )
=118.727 / ((23.819 + 17.215) / 2 )
=118.727 / 20.517
=5.79

China Specialty Glass AG's Receivables Turnover for the quarter that ended in Jun. 2014 is calculated as

Receivables Turnover (Q: Jun. 2014 )
=Revenue / Average Accounts Receivable
=Revenue (Q: Jun. 2014 ) / ((Accounts Receivable (Q: Mar. 2014 ) + Accounts Receivable (Q: Jun. 2014 )) / count )
=28.688 / ((20.091 + 26.782) / 2 )
=28.688 / 23.4365
=1.22

* 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 1.22 mean?
China Specialty Glass AG (FRA:8GS) has a Receivables Turnover of 1.22 as of Jun. 2014. 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 China Specialty Glass AG and its competitors.
Is China Specialty Glass AG's Receivables Turnover too high?
China Specialty Glass AG's current Receivables Turnover is 1.22. The Business Services industry median Receivables Turnover is 6.25. China Specialty Glass AG's value of 1.22 is 80.5% below this industry median.
How does China Specialty Glass AG's Receivables Turnover compare to DTII and VCON?
China Specialty Glass AG's Receivables Turnover of 1.22 can be compared against companies in the Business Services industry. The industry median Receivables Turnover is 6.25. China Specialty Glass AG's value of 1.22 is 80.5% 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 Business Services company?
The median Receivables Turnover among Business Services companies is 6.25, based on 1,063 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. China Specialty Glass AG's current Receivables Turnover of 1.22 is 80.5% 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 China Specialty Glass AG and its competitors. For the Business Services industry, the median Receivables Turnover is 6.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. China Specialty Glass AG's current Receivables Turnover is 1.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Specialty Glass AG stock overvalued right now?
China Specialty Glass AG (FRA:8GS) has a current Receivables Turnover of 1.22. The current Receivables Turnover is 1.22 and 80.5% below the Business Services industry median of 6.25. 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 China Specialty Glass AG (FRA:8GS), the current Receivables Turnover is 1.22 as of Jun. 2014. 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.

China Specialty Glass AG Business Description

Address An den Romerhuegeln 1, Grunwald, DEU, 82031
China Specialty Glass AG is a glass manufacturer in China. It develops, produces and sells specialty glass under its Hing Wah brand. It operates into three business segments namely automotive security glass; bank security glass and construction glass.