AZ Electronic Materials (FRA:OAZ) Receivables Turnover : 2.72 (As of Dec. 2013)

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What is AZ Electronic Materials 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. AZ Electronic Materials's Revenue for the six months ended in Dec. 2013 was €267.6 Mil. AZ Electronic Materials's average Accounts Receivable for the six months ended in Dec. 2013 was €98.4 Mil. Hence, AZ Electronic Materials's Receivables Turnover for the six months ended in Dec. 2013 was 2.72.

AZ Electronic Materials Receivables Turnover Historical Data

The historical data trend for AZ Electronic Materials'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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AZ Electronic Materials Receivables Turnover Chart

AZ Electronic Materials Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Receivables Turnover

4.36

4.47

5.83

5.75

5.48

AZ Electronic Materials Semi-Annual Data
	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13
Receivables Turnover	Get a 7-Day Free Trial			2.86	2.70	2.70	2.53	2.72

Competitive Comparison of AZ Electronic Materials's Receivables Turnover

For the Specialty Chemicals subindustry, AZ Electronic Materials'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.

AZ Electronic Materials's Receivables Turnover Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, AZ Electronic Materials's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where AZ Electronic Materials's Receivables Turnover falls into.

AZ Electronic Materials Receivables Turnover Calculation

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

AZ Electronic Materials's Receivables Turnover for the fiscal year that ended in Dec. 2013 is calculated as

	Receivables Turnover (A: Dec. 2013 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2013 )	/ (	(Accounts Receivable (A: Dec. 2012 )	+	Accounts Receivable (A: Dec. 2013 ))	/	count )
=	533.119	/ (	(107.747	+	86.651)	/	2 )
=	533.119	/	97.199
=	5.48

AZ Electronic Materials's Receivables Turnover for the quarter that ended in Dec. 2013 is calculated as

	Receivables Turnover (Q: Dec. 2013 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2013 )	/ (	(Accounts Receivable (Q: Jun. 2013 )	+	Accounts Receivable (Q: Dec. 2013 ))	/	count )
=	267.618	/ (	(110.137	+	86.651)	/	2 )
=	267.618	/	98.394
=	2.72

AZ Electronic Materials (FRA:OAZ) 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.

AZ Electronic Materials Receivables Turnover Related Terms

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AZ Electronic Materials Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » AZ Electronic Materials SA (FRA:OAZ) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.azem.com

AZ Electronic Materials SA is a Luxembourg- based company engaged in producing and supplying specialty chemicals. It focuses on three business areas Integrated Circuits which involves dielectrics, underlayers, yield enhancers, CMP slurries and pattern enhancers, Display Materials and AZ products such as specialty chemicals and materials used in integrated circuits and devise as well as flat panel displays and photolithographic printing.

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