Alpha Strategic (LSE:APS) Receivables Turnover : 0.11 (As of Sep. 2013)

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What is Alpha Strategic 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. Alpha Strategic's Revenue for the six months ended in Sep. 2013 was £0.03 Mil. Alpha Strategic's average Accounts Receivable for the six months ended in Sep. 2013 was £0.24 Mil. Hence, Alpha Strategic's Receivables Turnover for the six months ended in Sep. 2013 was 0.11.

Alpha Strategic Receivables Turnover Historical Data

The historical data trend for Alpha Strategic'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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Alpha Strategic Receivables Turnover Chart

Alpha Strategic Annual Data

Trend

Mar06

Mar07

Mar08

Mar09

Mar10

Mar11

Mar12

Mar13

Receivables Turnover

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1.87

4.72

3.79

3.89

2.59

Alpha Strategic Semi-Annual Data
	Sep06	Mar07	Sep07	Mar08	Sep08	Mar09	Sep09	Mar10	Sep10	Mar11	Sep11	Mar12	Sep12	Mar13	Sep13
Receivables Turnover	Get a 7-Day Free Trial										1.66	1.46	1.78	1.02	0.11

Competitive Comparison of Alpha Strategic's Receivables Turnover

For the subindustry, Alpha Strategic'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.

Alpha Strategic's Receivables Turnover Distribution in the Industry

For the industry and sector, Alpha Strategic's Receivables Turnover distribution charts can be found below:

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

Alpha Strategic Receivables Turnover Calculation

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

Alpha Strategic's Receivables Turnover for the fiscal year that ended in Mar. 2013 is calculated as

	Receivables Turnover (A: Mar. 2013 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2013 )	/ (	(Accounts Receivable (A: Mar. 2012 )	+	Accounts Receivable (A: Mar. 2013 ))	/	count )
=	0.493	/ (	(0.139	+	0.241)	/	2 )
=	0.493	/	0.19
=	2.59

Alpha Strategic's Receivables Turnover for the quarter that ended in Sep. 2013 is calculated as

	Receivables Turnover (Q: Sep. 2013 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2013 )	/ (	(Accounts Receivable (Q: Mar. 2013 )	+	Accounts Receivable (Q: Sep. 2013 ))	/	count )
=	0.026	/ (	(0.241	+	0)	/	1 )
=	0.026	/	0.241
=	0.11

Alpha Strategic (LSE:APS) 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.

Alpha Strategic Receivables Turnover Related Terms

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Alpha Strategic (LSE:APS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Alpha Strategic PLC (LSE:APS) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.alphastrategic.co.uk

Alpha Strategic PLC is engaged in acquiring shares in, or entering joint ventures with, or providing services to, hedge fund management businesses, so as to acquire high quality diversified revenue streams. The group operates within the United Kingdom.

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