Itoco (ITMC) Receivables Turnover : 0.08 (As of Sep. 2010)

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What is Itoco 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. Itoco's Revenue for the three months ended in Sep. 2010 was $0.01 Mil. Itoco's average Accounts Receivable for the three months ended in Sep. 2010 was $0.13 Mil. Hence, Itoco's Receivables Turnover for the three months ended in Sep. 2010 was 0.08.

Itoco Receivables Turnover Historical Data

The historical data trend for Itoco'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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Itoco Receivables Turnover Chart

Itoco Annual Data

Trend

Dec08

Dec09

Receivables Turnover

Itoco Quarterly Data
	Mar08	Jun08	Sep08	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10
Receivables Turnover	Get a 7-Day Free Trial						-	-	1.95	0.03	0.08

Competitive Comparison of Itoco's Receivables Turnover

For the Biotechnology subindustry, Itoco'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.

Itoco's Receivables Turnover Distribution in the Biotechnology Industry

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

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

Itoco Receivables Turnover Calculation

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

Itoco's Receivables Turnover for the fiscal year that ended in Dec. 2009 is calculated as

	Receivables Turnover (A: Dec. 2009 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2009 )	/ (	(Accounts Receivable (A: Dec. 2008 )	+	Accounts Receivable (A: Dec. 2009 ))	/	count )
=	1.452	/ (	(0	+	0)	/	1 )
=	1.452	/	0
=	N/A

Itoco's Receivables Turnover for the quarter that ended in Sep. 2010 is calculated as

	Receivables Turnover (Q: Sep. 2010 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2010 )	/ (	(Accounts Receivable (Q: Jun. 2010 )	+	Accounts Receivable (Q: Sep. 2010 ))	/	count )
=	0.011	/ (	(0.137	+	0.122)	/	2 )
=	0.011	/	0.1295
=	0.08

Itoco (OTCPK:ITMC) 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.

Itoco Receivables Turnover Related Terms

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Itoco (ITMC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Itoco Inc (OTCPK:ITMC) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

50 West Liberty Street, Suite 880, Reno, NV, USA, 89501

Website

https://www.itoco.net

Itoco Inc is focused on developing and bringing biotech products to the market via co-development and joint venture arrangements with various companies. The company is currently examining various technologies that seek to control and/or identify bio-contaminants such as viruses and bacteria.