Lizhan Environmental (Lizhan Environmental) Receivables Turnover : 1.00 (As of Mar. 2012)

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What is Lizhan Environmental 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. Lizhan Environmental's Revenue for the three months ended in Mar. 2012 was $5.27 Mil. Lizhan Environmental's average Accounts Receivable for the three months ended in Mar. 2012 was $5.25 Mil. Hence, Lizhan Environmental's Receivables Turnover for the three months ended in Mar. 2012 was 1.00.

Lizhan Environmental Receivables Turnover Historical Data

The historical data trend for Lizhan Environmental'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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Lizhan Environmental Receivables Turnover Chart

Lizhan Environmental Annual Data

Trend

Sep08

Sep09

Sep10

Sep11

Receivables Turnover

4.42

5.93

7.96

5.34

Lizhan Environmental Quarterly Data
	Sep08	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Mar12
Receivables Turnover	Get a 7-Day Free Trial							1.21	0.70	1.48	1.15	1.00

Competitive Comparison of Lizhan Environmental's Receivables Turnover

For the Textile Manufacturing subindustry, Lizhan Environmental'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.

Lizhan Environmental's Receivables Turnover Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Lizhan Environmental's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Lizhan Environmental's Receivables Turnover falls into.

Lizhan Environmental Receivables Turnover Calculation

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

Lizhan Environmental's Receivables Turnover for the fiscal year that ended in Sep. 2011 is calculated as

	Receivables Turnover (A: Sep. 2011 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Sep. 2011 )	/ (	(Accounts Receivable (A: Sep. 2010 )	+	Accounts Receivable (A: Sep. 2011 ))	/	count )
=	36.342	/ (	(7.31	+	6.304)	/	2 )
=	36.342	/	6.807
=	5.34

Lizhan Environmental's Receivables Turnover for the quarter that ended in Mar. 2012 is calculated as

	Receivables Turnover (Q: Mar. 2012 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2012 )	/ (	(Accounts Receivable (Q: Sep. 2011 )	+	Accounts Receivable (Q: Mar. 2012 ))	/	count )
=	5.272	/ (	(6.304	+	4.191)	/	2 )
=	5.272	/	5.2475
=	1.00

Lizhan Environmental (OTCPK:LZENF) 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.

Lizhan Environmental Receivables Turnover Related Terms

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Lizhan Environmental (Lizhan Environmental) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Lizhan Environmental Corp (OTCPK:LZENF) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

No. 716, Qifu Road, Wutong Street, Tongxiang, Zhejiang Province, CHN, 314500

Website

http://gb.lzencorp.com/

Lizhan Environmental Corp manufactures, distributes and markets synthetic leather and other fabrics from recycled leather waste, among other materials. It's products used in the production of residential and office furniture, garments, automotive upholstery products, and various consumer applications. It sells domestically in China and export to distributors and manufacturers in the United States and other foreign countries.

Lizhan Environmental (Lizhan Environmental) Headlines

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