Glacier Water Services (Glacier Water Services) Receivables Turnover : 12.71 (As of Dec. 2010)

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What is Glacier Water Services 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. Glacier Water Services's Revenue for the three months ended in Dec. 2010 was $23.3 Mil. Glacier Water Services's average Accounts Receivable for the three months ended in Dec. 2010 was $1.8 Mil. Hence, Glacier Water Services's Receivables Turnover for the three months ended in Dec. 2010 was 12.71.

Glacier Water Services Receivables Turnover Historical Data

The historical data trend for Glacier Water Services'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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Glacier Water Services Receivables Turnover Chart

Glacier Water Services Annual Data

Trend

Dec01

Dec02

Dec03

Dec04

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Receivables Turnover

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41.97

48.38

57.49

63.66

60.18

Glacier Water Services Quarterly Data
	Mar06	Jun06	Sep06	Dec06	Mar07	Jun07	Sep07	Dec07	Mar08	Jun08	Sep08	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10
Receivables Turnover	Get a 7-Day Free Trial															16.14	14.77	15.91	15.75	12.71

Competitive Comparison of Glacier Water Services's Receivables Turnover

For the Beverages - Non-Alcoholic subindustry, Glacier Water Services'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.

Glacier Water Services's Receivables Turnover Distribution in the Beverages - Non-Alcoholic Industry

For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, Glacier Water Services's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Glacier Water Services's Receivables Turnover falls into.

Glacier Water Services Receivables Turnover Calculation

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

Glacier Water Services's Receivables Turnover for the fiscal year that ended in Dec. 2010 is calculated as

	Receivables Turnover (A: Dec. 2010 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2010 )	/ (	(Accounts Receivable (A: Dec. 2009 )	+	Accounts Receivable (A: Dec. 2010 ))	/	count )
=	100.056	/ (	(1.583	+	1.742)	/	2 )
=	100.056	/	1.6625
=	60.18

Glacier Water Services's Receivables Turnover for the quarter that ended in Dec. 2010 is calculated as

	Receivables Turnover (Q: Dec. 2010 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2010 )	/ (	(Accounts Receivable (Q: Sep. 2010 )	+	Accounts Receivable (Q: Dec. 2010 ))	/	count )
=	23.306	/ (	(1.926	+	1.742)	/	2 )
=	23.306	/	1.834
=	12.71

Glacier Water Services (OTCPK:GWSV) 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.

Glacier Water Services Receivables Turnover Related Terms

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Glacier Water Services (Glacier Water Services) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Non-Alcoholic » Glacier Water Services Inc (OTCPK:GWSV) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.glacierwater.com

Glacier Water Services provides drinking water that is dispensed to consumers through coin-operated, self-service, vending machines. These machines are designed, developed, and assembled by the company and they reduce impurities in the water through a combination of micron filtration, reverse osmosis, carbon adsorption, and ultraviolet sterilization. The company's machines, which are located throughout the United States, are placed primarily at supermarkets and other retail locations.

Executives

Richard A Kayne	director, 10 percent owner
Kayne Anderson Capital Advisors Lp	10 percent owner	2121 AVENUE OF THE STARS, 9TH FLOOR, LOS ANGELES CA 90067
Charles A Norris	director, 10 percent owner	481 DENSLOW AVE, LOS ANGELES CA 90049
Robert V Sinnott	other: Former Director	1800 AVENUE OF THE STARS, 3RD FLOOR, LOS ANGELES CA 90067

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