Cadence Pharmaceuticals, (FRA:QEW) Receivables Turnover : 3.87 (As of Dec. 2013)

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What is Cadence Pharmaceuticals, 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. Cadence Pharmaceuticals,'s Revenue for the three months ended in Dec. 2013 was €25.78 Mil. Cadence Pharmaceuticals,'s average Accounts Receivable for the three months ended in Dec. 2013 was €6.65 Mil. Hence, Cadence Pharmaceuticals,'s Receivables Turnover for the three months ended in Dec. 2013 was 3.87.

Cadence Pharmaceuticals, Receivables Turnover Historical Data

The historical data trend for Cadence Pharmaceuticals,'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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Cadence Pharmaceuticals, Receivables Turnover Chart

Cadence Pharmaceuticals, Annual Data

Trend

Dec04

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Receivables Turnover

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7.56

12.01

14.32

Cadence Pharmaceuticals, Quarterly Data
	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13
Receivables Turnover	Get a 7-Day Free Trial															2.62	3.15	2.74	3.25	3.87

Competitive Comparison of Cadence Pharmaceuticals,'s Receivables Turnover

For the Biotechnology subindustry, Cadence Pharmaceuticals,'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.

Cadence Pharmaceuticals,'s Receivables Turnover Distribution in the Biotechnology Industry

For the Biotechnology industry and Healthcare sector, Cadence Pharmaceuticals,'s Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Cadence Pharmaceuticals,'s Receivables Turnover falls into.

Cadence Pharmaceuticals, Receivables Turnover Calculation

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

Cadence Pharmaceuticals,'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 )
=	82.166	/ (	(4.688	+	6.789)	/	2 )
=	82.166	/	5.7385
=	14.32

Cadence Pharmaceuticals,'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: Sep. 2013 )	+	Accounts Receivable (Q: Dec. 2013 ))	/	count )
=	25.778	/ (	(6.516	+	6.789)	/	2 )
=	25.778	/	6.6525
=	3.87

Cadence Pharmaceuticals, (FRA:QEW) 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.

Cadence Pharmaceuticals, Receivables Turnover Related Terms

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Cadence Pharmaceuticals, (FRA:QEW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Cadence Pharmaceuticals, Inc. (FRA:QEW) » Definitions » Receivables Turnover

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Address

Website

http://www.cadencepharm.com

Cadence Pharmaceuticals, Inc. is a biopharmaceutical company focused on in-licensing, developing and commercializing product candidates mainly for use in the hospital setting. The Company's main activities are conducting research and development activities as well as conducting clinical trials. The company has in-licensed rights to products: Acetavance, an intravenous formulation of acetaminophen, and Omigard, an omiganan pentahydrochloride 1% aqueous gel. It in-licensed the exclusive United States, or U.S., and Canadian rights to Acetavance from Bristol-Myers Squibb Company, or BMS, which markets this product candidate in Europe and other markets for the treatment of acute pain and fever under the brand name Perfalgan. The Company is developing Acetavance, a proprietary intravenous formulation of acetaminophen, for the U.S. market for the treatment of acute pain and fever in adults and children. In its oral form, acetaminophen is the most widely used drug for the treatment of pain and fever in the U.S. The Company's licensor, BMS, currently markets this proprietary intravenous formulation of acetaminophen for the treatment of acute pain and fever in Europe and several other markets outside the U.S, where it is known as paracetamol and is marketed under the brand name Perfalgan.

Cadence Pharmaceuticals, (FRA:QEW) Headlines

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