Belo (FRA:BES) Receivables Turnover : 1.19 (As of Sep. 2013)

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What is Belo 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. Belo's Revenue for the three months ended in Sep. 2013 was €124.3 Mil. Belo's average Accounts Receivable for the three months ended in Sep. 2013 was €104.3 Mil. Hence, Belo's Receivables Turnover for the three months ended in Sep. 2013 was 1.19.

Belo Receivables Turnover Historical Data

The historical data trend for Belo'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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Belo Receivables Turnover Chart

Belo Annual Data

Trend

Dec03

Dec04

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Receivables Turnover

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3.75

4.08

5.06

4.43

4.93

Belo Quarterly Data
	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13
Receivables Turnover	Get a 7-Day Free Trial															1.26	1.47	1.17	1.25	1.19

Competitive Comparison of Belo's Receivables Turnover

For the Broadcasting subindustry, Belo'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.

Belo's Receivables Turnover Distribution in the Media - Diversified Industry

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

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

Belo Receivables Turnover Calculation

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

Belo'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 )
=	544.616	/ (	(113.684	+	107.141)	/	2 )
=	544.616	/	110.4125
=	4.93

Belo's Receivables Turnover for the quarter that ended in Sep. 2013 is calculated as

	Receivables Turnover (Q: Sep. 2013 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2013 )	/ (	(Accounts Receivable (Q: Jun. 2013 )	+	Accounts Receivable (Q: Sep. 2013 ))	/	count )
=	124.312	/ (	(105.942	+	102.6)	/	2 )
=	124.312	/	104.271
=	1.19

Belo (FRA:BES) 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.

Belo Receivables Turnover Related Terms

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Belo (FRA:BES) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Belo Corporation (FRA:BES) » Definitions » Receivables Turnover

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Address

Website

http://www.belo.com

Belo Corporation, a Delaware corporation, began as a Texas newspaper company in 1842. The company operates as a television company in the United States. It owns 20 television stations that reach more than 14 percent of U.S. television households, including ABC, CBS, NBC, FOX, CW and MyNetwork TV affiliates, and their associated websites, in 15 markets across the United States. The Company also has three local and two regional news channels, Texas Cable News and NorthWest Cable News. It also operates more than 20 websites several interactive alliances and a broad range of Internet-based products. The Company derives revenues from the sale of airtime on its television stations, advertising space on the Company's Internet websites and retransmission of its programming by cable, satellite, telephone and wireless companies.

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