Location Based Technologies (Location Based Technologies) Receivables Turnover : 3.87 (As of May. 2015)

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What is Location Based Technologies 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. Location Based Technologies's Revenue for the three months ended in May. 2015 was $0.55 Mil. Location Based Technologies's average Accounts Receivable for the three months ended in May. 2015 was $0.14 Mil. Hence, Location Based Technologies's Receivables Turnover for the three months ended in May. 2015 was 3.87.

Location Based Technologies Receivables Turnover Historical Data

The historical data trend for Location Based Technologies'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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Location Based Technologies Receivables Turnover Chart

Location Based Technologies Annual Data

Trend

Aug06

Aug07

Aug08

Aug09

Aug10

Aug11

Aug12

Aug13

Aug14

Receivables Turnover

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0.89

5.04

14.42

21.85

Location Based Technologies Quarterly Data
	Aug10	Nov10	Feb11	May11	Aug11	Nov11	Feb12	May12	Aug12	Nov12	Feb13	May13	Aug13	Nov13	Feb14	May14	Aug14	Nov14	Feb15	May15
Receivables Turnover	Get a 7-Day Free Trial															6.84	5.67	5.91	4.37	3.87

Competitive Comparison of Location Based Technologies's Receivables Turnover

For the Scientific & Technical Instruments subindustry, Location Based Technologies'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.

Location Based Technologies's Receivables Turnover Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Location Based Technologies's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Location Based Technologies's Receivables Turnover falls into.

Location Based Technologies Receivables Turnover Calculation

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

Location Based Technologies's Receivables Turnover for the fiscal year that ended in Aug. 2014 is calculated as

	Receivables Turnover (A: Aug. 2014 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Aug. 2014 )	/ (	(Accounts Receivable (A: Aug. 2013 )	+	Accounts Receivable (A: Aug. 2014 ))	/	count )
=	1.704	/ (	(0.078	+	0.078)	/	2 )
=	1.704	/	0.078
=	21.85

Location Based Technologies's Receivables Turnover for the quarter that ended in May. 2015 is calculated as

	Receivables Turnover (Q: May. 2015 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: May. 2015 )	/ (	(Accounts Receivable (Q: Feb. 2015 )	+	Accounts Receivable (Q: May. 2015 ))	/	count )
=	0.552	/ (	(0.097	+	0.188)	/	2 )
=	0.552	/	0.1425
=	3.87

Location Based Technologies (OTCPK:LBAS) 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.

Location Based Technologies Receivables Turnover Related Terms

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Location Based Technologies (Location Based Technologies) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Location Based Technologies Inc (OTCPK:LBAS) » Definitions » Receivables Turnover

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Address

7545 Irvine Center Drive, Suite 200, Irvine, CA, USA, 92618

Website

https://www.locationbasedtech.com

Location Based Technologies Inc is engaged in supplying fleet trackers, a small, affordable, fully sealed vehicle tracking system (combined GPS, wireless, and WiFi technology) designed to track and display vehicles and other mobile assets on the go. It is designed to be quickly installed and features easy-to-use user interfaces, including browser and apps. Its product offering includes PocketFinder. The company generates revenue from Device Sales and Services.

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