SOLON AG fuer Solartechnik (LTS:0G3C) Receivables Turnover : 0.90 (As of Sep. 2011)

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What is SOLON AG fuer Solartechnik 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. SOLON AG fuer Solartechnik's Revenue for the three months ended in Sep. 2011 was €108.3 Mil. SOLON AG fuer Solartechnik's average Accounts Receivable for the three months ended in Sep. 2011 was €120.8 Mil. Hence, SOLON AG fuer Solartechnik's Receivables Turnover for the three months ended in Sep. 2011 was 0.90.

SOLON AG fuer Solartechnik Receivables Turnover Historical Data

The historical data trend for SOLON AG fuer Solartechnik'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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SOLON AG fuer Solartechnik Receivables Turnover Chart

SOLON AG fuer Solartechnik Annual Data

Trend

Dec03

Dec04

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Receivables Turnover

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5.92

4.75

4.23

1.96

4.58

SOLON AG fuer Solartechnik Quarterly Data
	Dec03	Dec04	Dec05	Dec06	Dec07	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11
Receivables Turnover	Get a 7-Day Free Trial												1.40	1.44	0.74	1.12	0.90

Competitive Comparison of SOLON AG fuer Solartechnik's Receivables Turnover

For the Solar subindustry, SOLON AG fuer Solartechnik'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.

SOLON AG fuer Solartechnik's Receivables Turnover Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, SOLON AG fuer Solartechnik's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where SOLON AG fuer Solartechnik's Receivables Turnover falls into.

SOLON AG fuer Solartechnik Receivables Turnover Calculation

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

SOLON AG fuer Solartechnik's Receivables Turnover for the fiscal year that ended in Dec. 2010 is calculated as

	Receivables Turnover (A: Dec. 2010 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2010 )	/ (	(Accounts Receivable (A: Dec. 2009 )	+	Accounts Receivable (A: Dec. 2010 ))	/	count )
=	660.86	/ (	(117.637	+	170.661)	/	2 )
=	660.86	/	144.149
=	4.58

SOLON AG fuer Solartechnik's Receivables Turnover for the quarter that ended in Sep. 2011 is calculated as

	Receivables Turnover (Q: Sep. 2011 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2011 )	/ (	(Accounts Receivable (Q: Jun. 2011 )	+	Accounts Receivable (Q: Sep. 2011 ))	/	count )
=	108.304	/ (	(131.25	+	110.253)	/	2 )
=	108.304	/	120.7515
=	0.90

SOLON AG fuer Solartechnik (LTS:0G3C) 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.

SOLON AG fuer Solartechnik Receivables Turnover Related Terms

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SOLON AG fuer Solartechnik (LTS:0G3C) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » SOLON AG fuer Solartechnik (LTS:0G3C) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

3840 South Palo Verde, Suite 205, Tucson, AZ, USA, 85714

Website

http://www.solon.com

SOLON SE is a Germany-based manufacturer of solar modules and supplier of solar system technology. It produces and distributes solar modules, as well monocrystalline and polycrystalline solar cells to wholesalers and installers. It focuses on the construction of turnkey solar power plants on rooftops and on open fields, as well as the distribution of systems to project developers and utility companies.

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