API Group (LSE:APIA) Receivables Turnover : 3.98 (As of Sep. 2014)

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What is API Group 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. API Group's Revenue for the six months ended in Sep. 2014 was £56.37 Mil. API Group's average Accounts Receivable for the six months ended in Sep. 2014 was £14.16 Mil. Hence, API Group's Receivables Turnover for the six months ended in Sep. 2014 was 3.98.

API Group Receivables Turnover Historical Data

The historical data trend for API Group'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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API Group Receivables Turnover Chart

API Group Annual Data

Trend

Sep04

Sep05

Sep06

Mar08

Mar09

Mar10

Mar11

Mar12

Mar13

Mar14

Receivables Turnover

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5.91

6.81

7.94

8.23

8.28

API Group Semi-Annual Data
	Sep04	Mar05	Sep05	Mar06	Sep06	Mar07	Sep07	Sep08	Mar09	Sep09	Mar10	Sep10	Mar11	Sep11	Mar12	Sep12	Mar13	Sep13	Mar14	Sep14
Receivables Turnover	Get a 7-Day Free Trial															3.95	3.63	4.20	4.08	3.98

Competitive Comparison of API Group's Receivables Turnover

For the Packaging & Containers subindustry, API Group'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.

API Group's Receivables Turnover Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, API Group's Receivables Turnover distribution charts can be found below:

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

API Group Receivables Turnover Calculation

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

API Group's Receivables Turnover for the fiscal year that ended in Mar. 2014 is calculated as

	Receivables Turnover (A: Mar. 2014 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2014 )	/ (	(Accounts Receivable (A: Mar. 2013 )	+	Accounts Receivable (A: Mar. 2014 ))	/	count )
=	114.712	/ (	(13.556	+	14.163)	/	2 )
=	114.712	/	13.8595
=	8.28

API Group's Receivables Turnover for the quarter that ended in Sep. 2014 is calculated as

	Receivables Turnover (Q: Sep. 2014 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2014 )	/ (	(Accounts Receivable (Q: Mar. 2014 )	+	Accounts Receivable (Q: Sep. 2014 ))	/	count )
=	56.374	/ (	(14.163	+	0)	/	1 )
=	56.374	/	14.163
=	3.98

API Group (LSE:APIA) 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.

API Group Receivables Turnover Related Terms

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API Group (LSE:APIA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » API Group PLC (LSE:APIA) » Definitions » Receivables Turnover

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Address

Website

http://www.apigroup.com

API Group PLC is a manufacturer and distributor of foils, laminates and holographic materials. The firm offers metalized film laminates, holographic laminates, aluminum foil laminates, metallic hot stamping foils, cold foils, and custom holograms. The company segmented its operating activities into following reportable segments: Laminates, Foils Europe, Foils Americas, and Holographic. Its primary geographic markets are the United Kingdom, Rest of Europe, Americas, Asia Pacific, and Africa. The company serves clients in various industries including food and confectionery; wines, beers, and spirits; tobacco; cosmetics and perfumes; home and household care, among others.

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