CDV Software Entertainment AG (LTS:0NEQ) Receivables Turnover : 2.39 (As of Dec. 2007)

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What is CDV Software Entertainment AG 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. CDV Software Entertainment AG's Revenue for the six months ended in Dec. 2007 was €14.88 Mil. CDV Software Entertainment AG's average Accounts Receivable for the six months ended in Dec. 2007 was €6.22 Mil. Hence, CDV Software Entertainment AG's Receivables Turnover for the six months ended in Dec. 2007 was 2.39.

CDV Software Entertainment AG Receivables Turnover Historical Data

The historical data trend for CDV Software Entertainment AG'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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CDV Software Entertainment AG Receivables Turnover Chart

CDV Software Entertainment AG Annual Data

Trend

Dec02

Dec03

Dec04

Dec05

Dec06

Dec07

Receivables Turnover

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5.00

6.74

4.78

2.83

2.39

CDV Software Entertainment AG Semi-Annual Data
	Dec02	Dec03	Dec04	Dec05	Dec06	Dec07
Receivables Turnover	Get a 7-Day Free Trial			5.00	6.74	4.78	2.83	2.39

Competitive Comparison of CDV Software Entertainment AG's Receivables Turnover

For the Leisure subindustry, CDV Software Entertainment AG'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.

CDV Software Entertainment AG's Receivables Turnover Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, CDV Software Entertainment AG's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where CDV Software Entertainment AG's Receivables Turnover falls into.

CDV Software Entertainment AG Receivables Turnover Calculation

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

CDV Software Entertainment AG's Receivables Turnover for the fiscal year that ended in Dec. 2007 is calculated as

	Receivables Turnover (A: Dec. 2007 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2007 )	/ (	(Accounts Receivable (A: Dec. 2006 )	+	Accounts Receivable (A: Dec. 2007 ))	/	count )
=	14.877	/ (	(3.683	+	8.756)	/	2 )
=	14.877	/	6.2195
=	2.39

CDV Software Entertainment AG's Receivables Turnover for the quarter that ended in Dec. 2007 is calculated as

	Receivables Turnover (Q: Dec. 2007 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2007 )	/ (	(Accounts Receivable (Q: Dec. 2006 )	+	Accounts Receivable (Q: Dec. 2007 ))	/	count )
=	14.877	/ (	(3.683	+	8.756)	/	2 )
=	14.877	/	6.2195
=	2.39

CDV Software Entertainment AG (LTS:0NEQ) 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.

CDV Software Entertainment AG Receivables Turnover Related Terms

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CDV Software Entertainment AG Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » CDV Software Entertainment AG (LTS:0NEQ) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

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Address

Website

http://www.cdv.de

CDV Software Entertainment AG is a wholly-owned subsidiary engaged in the publishing and distribution of computer and video games. The Company filed for insolvency in June 2010.

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