Albemarle & Bond Holdings (LSE:ABM) Receivables Turnover : 2.28 (As of Jun. 2013)

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What is Albemarle & Bond 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. Albemarle & Bond Holdings's Revenue for the six months ended in Jun. 2013 was £107.1 Mil. Albemarle & Bond Holdings's average Accounts Receivable for the six months ended in Jun. 2013 was £47.0 Mil. Hence, Albemarle & Bond Holdings's Receivables Turnover for the six months ended in Jun. 2013 was 2.28.

Albemarle & Bond Holdings Receivables Turnover Historical Data

The historical data trend for Albemarle & Bond 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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Albemarle & Bond Holdings Receivables Turnover Chart

Albemarle & Bond Holdings Annual Data

Trend

Jun04

Jun05

Jun06

Jun07

Jun08

Jun09

Jun10

Jun11

Jun12

Jun13

Receivables Turnover

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1.65

2.29

2.46

2.50

2.28

Albemarle & Bond Holdings Semi-Annual Data
	Jun92	Jun93	Jun94	Jun95	Jun96	Jun97	Jun98	Jun01	Jun02	Jun03	Jun04	Jun05	Jun06	Jun07	Jun08	Jun09	Jun10	Jun11	Jun12	Jun13
Receivables Turnover	Get a 7-Day Free Trial															1.65	2.29	2.46	2.50	2.28

Competitive Comparison of Albemarle & Bond Holdings's Receivables Turnover

For the Credit Services subindustry, Albemarle & Bond 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.

Albemarle & Bond Holdings's Receivables Turnover Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Albemarle & Bond Holdings's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Albemarle & Bond Holdings's Receivables Turnover falls into.

Albemarle & Bond Holdings Receivables Turnover Calculation

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

Albemarle & Bond Holdings's Receivables Turnover for the fiscal year that ended in Jun. 2013 is calculated as

	Receivables Turnover (A: Jun. 2013 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jun. 2013 )	/ (	(Accounts Receivable (A: Jun. 2012 )	+	Accounts Receivable (A: Jun. 2013 ))	/	count )
=	107.069	/ (	(48.898	+	45.008)	/	2 )
=	107.069	/	46.953
=	2.28

Albemarle & Bond Holdings's Receivables Turnover for the quarter that ended in Jun. 2013 is calculated as

	Receivables Turnover (Q: Jun. 2013 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2013 )	/ (	(Accounts Receivable (Q: Jun. 2012 )	+	Accounts Receivable (Q: Jun. 2013 ))	/	count )
=	107.069	/ (	(48.898	+	45.008)	/	2 )
=	107.069	/	46.953
=	2.28

Albemarle & Bond Holdings (LSE:ABM) 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.

Albemarle & Bond Holdings Receivables Turnover Related Terms

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Albemarle & Bond Holdings (LSE:ABM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Albemarle & Bond Holdings PLC (LSE:ABM) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

Website

http://www.albemarlebondplc.com

Albemarle & Bond Holdings PLC was incorporated on January 17, 1986. The Company is a holding company engaged in pawnbroking, retail jewellery sales, gold purchasing, unsecured lending, including cheque cashing and other financial services. It has approximately 230 stores and 1,000 employees. Operating under the two brands, Albemarle Bond and Herbert Brown, it provides its customers with a range of services including jewellery retailing, pawnbroking loans, gold purchasing and a range of unsecured loan products. The pawn loan is secured against jewellery for a maximum of six months. The customer can redeem their jewellery by repaying the loan and interest owing at any time without incurring penalties for early redemption. The Company provides short-term loans through three products, PayDay Advances, Speedloans, and Cheque Cashing. PayDay Advances offer customers short-term unsecured loans to meet their cash flow requirements until wages are received. Speedloans provide customers with immediately available installment loans over a longer term of between six and 18 months and Cheque Cashing provides access to their cash for customers who have received cheques. The Company offers a range of new and second hand jewellery. Herbert Brown offers a range of new, second hand and antique jewellery.