Ericom Telekomunikasyon ve Enerji Teknolojileri AS (IST:ERICO) Receivables Turnover : 1.79 (As of Sep. 2011)

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What is Ericom Telekomunikasyon ve Enerji Teknolojileri AS 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. Ericom Telekomunikasyon ve Enerji Teknolojileri AS's Revenue for the three months ended in Sep. 2011 was ₺5.52 Mil. Ericom Telekomunikasyon ve Enerji Teknolojileri AS's average Accounts Receivable for the three months ended in Sep. 2011 was ₺3.09 Mil. Hence, Ericom Telekomunikasyon ve Enerji Teknolojileri AS's Receivables Turnover for the three months ended in Sep. 2011 was 1.79.

Ericom Telekomunikasyon ve Enerji Teknolojileri AS Receivables Turnover Historical Data

The historical data trend for Ericom Telekomunikasyon ve Enerji Teknolojileri AS'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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Ericom Telekomunikasyon ve Enerji Teknolojileri AS Receivables Turnover Chart

Ericom Telekomunikasyon ve Enerji Teknolojileri AS Annual Data

Trend

Dec08

Dec09

Dec10

Receivables Turnover

5.14

12.40

7.47

Ericom Telekomunikasyon ve Enerji Teknolojileri AS Quarterly Data
	Dec08	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11
Receivables Turnover	Get a 7-Day Free Trial				-	0.86	0.32	1.17	1.79

Competitive Comparison of Ericom Telekomunikasyon ve Enerji Teknolojileri AS's Receivables Turnover

For the Industrial Distribution subindustry, Ericom Telekomunikasyon ve Enerji Teknolojileri AS'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.

Ericom Telekomunikasyon ve Enerji Teknolojileri AS's Receivables Turnover Distribution in the Industrial Distribution Industry

For the Industrial Distribution industry and Industrials sector, Ericom Telekomunikasyon ve Enerji Teknolojileri AS's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Ericom Telekomunikasyon ve Enerji Teknolojileri AS's Receivables Turnover falls into.

Ericom Telekomunikasyon ve Enerji Teknolojileri AS Receivables Turnover Calculation

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

Ericom Telekomunikasyon ve Enerji Teknolojileri AS'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 )
=	16.644	/ (	(0.501	+	3.958)	/	2 )
=	16.644	/	2.2295
=	7.47

Ericom Telekomunikasyon ve Enerji Teknolojileri AS's Receivables Turnover for the quarter that ended in Sep. 2011 is calculated as

	Receivables Turnover (Q: Sep. 2011 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2011 )	/ (	(Accounts Receivable (Q: Jun. 2011 )	+	Accounts Receivable (Q: Sep. 2011 ))	/	count )
=	5.516	/ (	(2.71	+	3.466)	/	2 )
=	5.516	/	3.088
=	1.79

Ericom Telekomunikasyon ve Enerji Teknolojileri AS (IST:ERICO) 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.

Ericom Telekomunikasyon ve Enerji Teknolojileri AS Receivables Turnover Related Terms

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Ericom Telekomunikasyon ve Enerji Teknolojileri AS (IST:ERICO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Ericom Telekomunikasyon ve Enerji Teknolojileri AS (IST:ERICO) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Buyukdere Cd. USO Center, Merkezi No:245 Kat:17, Istanbul, TUR

Website

http://www.ericom.com.tr

Ericom Telekomunikasyon ve Enerji Teknolojileri A.S. is engaged in the supply of energy storage systems. The Company markets lead acid, lithium-ferrite, and vanadium redox type flow battery systems to cellular communications services providers.

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