Firma Holdings (Firma Holdings) Receivables Turnover : 0.50 (As of Jun. 2015)

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What is Firma Holdings 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. Firma Holdings's Revenue for the three months ended in Jun. 2015 was $0.24 Mil. Firma Holdings's average Accounts Receivable for the three months ended in Jun. 2015 was $0.48 Mil. Hence, Firma Holdings's Receivables Turnover for the three months ended in Jun. 2015 was 0.50.

Firma Holdings Receivables Turnover Historical Data

The historical data trend for Firma Holdings'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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Firma Holdings Receivables Turnover Chart

Firma Holdings Annual Data

Trend

Oct06

Oct07

Oct08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Receivables Turnover

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3.81

2.26

Firma Holdings Quarterly Data
	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15
Receivables Turnover	Get a 7-Day Free Trial															-	-	-	-	0.50

Competitive Comparison of Firma Holdings's Receivables Turnover

For the Other Industrial Metals & Mining subindustry, Firma Holdings'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.

Firma Holdings's Receivables Turnover Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Firma Holdings's Receivables Turnover distribution charts can be found below:

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

Firma Holdings Receivables Turnover Calculation

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

Firma Holdings's Receivables Turnover for the fiscal year that ended in Dec. 2014 is calculated as

	Receivables Turnover (A: Dec. 2014 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2014 )	/ (	(Accounts Receivable (A: Dec. 2013 )	+	Accounts Receivable (A: Dec. 2014 ))	/	count )
=	0.105	/ (	(0.073	+	0.02)	/	2 )
=	0.105	/	0.0465
=	2.26

Firma Holdings's Receivables Turnover for the quarter that ended in Jun. 2015 is calculated as

	Receivables Turnover (Q: Jun. 2015 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2015 )	/ (	(Accounts Receivable (Q: Mar. 2015 )	+	Accounts Receivable (Q: Jun. 2015 ))	/	count )
=	0.243	/ (	(0.506	+	0.459)	/	2 )
=	0.243	/	0.4825
=	0.50

Firma Holdings (OTCPK:FRMA) 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.

Firma Holdings Receivables Turnover Related Terms

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Firma Holdings (Firma Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Firma Holdings Corp (OTCPK:FRMA) » Definitions » Receivables Turnover

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Traded in Other Exchanges

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Address

4915 Main Street, 2nd Floor, Suite 3, Downers Grove, IL, USA, 60515

Website

https://www.firmaholdingscorp.com

Firma Holdings Corp operates in the mining and consumer product sales business. In addition, it also sells personal protection equipment (commonly referred to as "PPE"), and household and consumer products with its existing joint venture partners as well as participates as a procurement agent for both commercial and government entities.