Bac Majestic (LTS:0QCU) Receivables Turnover: 0.40 (As of Jun. 2015)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

What is Bac Majestic Receivables Turnover?

Bac Majestic LTS:0QCU Receivables Turnover is 0.40 as of Jun. 2015. The stock has 1 warning sign investors should review.

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. Bac Majestic's Revenue for the six months ended in Jun. 2015 was €0.40 Mil. Bac Majestic's average Accounts Receivable for the six months ended in Jun. 2015 was €0.98 Mil. Hence, Bac Majestic's Receivables Turnover for the six months ended in Jun. 2015 was 0.40.


Bac Majestic  (LTS:0QCU) 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.


Bac Majestic Receivables Turnover Related Terms


Bac Majestic Receivables Turnover Historical Data

* Premium members only.

The historical data trend for Bac Majestic'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.

Bac Majestic Receivables Turnover Chart

Bac Majestic Annual Data
Trend Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only 1.18 1.24 1.26 0.55 0.67

Bac Majestic Semi-Annual Data
Jun09 Dec09 Jun10 Dec10 Jun11 Dec11 Jun12 Dec12 Jun13 Dec13 Jun14 Dec14 Jun15
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.30 0.20 0.38 0.31 0.40

LTS:0QCU vs SBSAA, TMGI, NTN: Receivables Turnover Comparison

For the Broadcasting subindustry, Bac Majestic'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.


Bac Majestic Receivables Turnover vs Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Bac Majestic's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Bac Majestic's Receivables Turnover falls into.



Bac Majestic Receivables Turnover Calculation

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

Bac Majestic's Receivables Turnover for the fiscal year that ended in Dec. 2014 is calculated as

Receivables Turnover (A: Dec. 2014 )
=Revenue / Average Accounts Receivable
=Revenue (A: Dec. 2014 ) / ((Accounts Receivable (A: Dec. 2013 ) + Accounts Receivable (A: Dec. 2014 )) / count )
=1.021 / ((1.937 + 1.101) / 2 )
=1.021 / 1.519
=0.67

Bac Majestic's Receivables Turnover for the quarter that ended in Jun. 2015 is calculated as

Receivables Turnover (Q: Jun. 2015 )
=Revenue / Average Accounts Receivable
=Revenue (Q: Jun. 2015 ) / ((Accounts Receivable (Q: Dec. 2014 ) + Accounts Receivable (Q: Jun. 2015 )) / count )
=0.395 / ((1.101 + 0.86) / 2 )
=0.395 / 0.9805
=0.40

* 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.

Frequently Asked Questions Learn more about Receivables Turnover →
What does a Receivables Turnover of 0.40 mean?
Bac Majestic (LTS:0QCU) has a Receivables Turnover of 0.40 as of Jun. 2015. The accounts 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. View historical data on Bac Majestic and its competitors.
Is Bac Majestic's Receivables Turnover too high?
Bac Majestic's current Receivables Turnover is 0.40. The Media - Diversified industry median Receivables Turnover is 5.33. Bac Majestic's value of 0.40 is 92.5% below this industry median.
How does Bac Majestic's Receivables Turnover compare to SBSAA and TMGI?
Bac Majestic's Receivables Turnover of 0.40 can be compared against companies in the Media - Diversified industry. The industry median Receivables Turnover is 5.33. Bac Majestic's value of 0.40 is 92.5% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Receivables Turnover for a Media - Diversified company?
The median Receivables Turnover among Media - Diversified companies is 5.33, based on 1,004 companies in the industry. Companies in the top quartile (top 25%) have a Receivables Turnover significantly above this median, while those in the bottom quartile fall well below. However, Receivables Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Bac Majestic's current Receivables Turnover of 0.40 is 92.5% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Receivables Turnover mean?
A high Receivables Turnover can signal that a stock is expensive relative to its fundamentals. The accounts 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. View historical data on Bac Majestic and its competitors. For the Media - Diversified industry, the median Receivables Turnover is 5.33 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bac Majestic's current Receivables Turnover is 0.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bac Majestic stock overvalued right now?
Bac Majestic (LTS:0QCU) has a current Receivables Turnover of 0.40. The current Receivables Turnover is 0.40 and 92.5% below the Media - Diversified industry median of 5.33. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Receivables Turnover calculated?
Receivables Turnover is calculated from a company's financial statements. For Bac Majestic (LTS:0QCU), the current Receivables Turnover is 0.40 as of Jun. 2015. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Bac Majestic Business Description

Bac Majestic is engaged in the coproducing and distributing films in France and internationally. It involves in the distribution of films to theaters and on video, as well as to television channels.