Maxxam (Maxxam) Receivables Turnover : 11.03 (As of Sep. 2009)

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What is Maxxam 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. Maxxam's Revenue for the three months ended in Sep. 2009 was $18.20 Mil. Maxxam's average Accounts Receivable for the three months ended in Sep. 2009 was $1.65 Mil. Hence, Maxxam's Receivables Turnover for the three months ended in Sep. 2009 was 11.03.

Maxxam Receivables Turnover Historical Data

The historical data trend for Maxxam'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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Maxxam Receivables Turnover Chart

Maxxam Annual Data

Trend

Dec99

Dec00

Dec01

Dec02

Dec03

Dec04

Dec05

Dec06

Dec07

Dec08

Receivables Turnover

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24.05

24.63

22.08

14.87

37.16

Maxxam Quarterly Data
	Dec04	Mar05	Jun05	Sep05	Dec05	Mar06	Jun06	Sep06	Dec06	Mar07	Jun07	Sep07	Dec07	Mar08	Jun08	Sep08	Dec08	Mar09	Jun09	Sep09
Receivables Turnover	Get a 7-Day Free Trial															10.30	7.84	9.52	10.63	11.03

Competitive Comparison of Maxxam's Receivables Turnover

For the Real Estate Services subindustry, Maxxam'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.

Maxxam's Receivables Turnover Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Maxxam's Receivables Turnover distribution charts can be found below:

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

Maxxam Receivables Turnover Calculation

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

Maxxam's Receivables Turnover for the fiscal year that ended in Dec. 2008 is calculated as

	Receivables Turnover (A: Dec. 2008 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2008 )	/ (	(Accounts Receivable (A: Dec. 2007 )	+	Accounts Receivable (A: Dec. 2008 ))	/	count )
=	83.6	/ (	(3	+	1.5)	/	2 )
=	83.6	/	2.25
=	37.16

Maxxam's Receivables Turnover for the quarter that ended in Sep. 2009 is calculated as

	Receivables Turnover (Q: Sep. 2009 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2009 )	/ (	(Accounts Receivable (Q: Jun. 2009 )	+	Accounts Receivable (Q: Sep. 2009 ))	/	count )
=	18.2	/ (	(1.7	+	1.6)	/	2 )
=	18.2	/	1.65
=	11.03

Maxxam (OTCPK:MAXX) 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.

Maxxam Receivables Turnover Related Terms

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Maxxam (Maxxam) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Maxxam Inc (OTCPK:MAXX) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.maxxaminc.com

Maxxam Inc through its subsidiaries, is engaged in the residential and commercial real estate investment and development, and racing operations.

Executives

Charles E Hurwitz	director, 10 percent owner, officer: Chairman of the Board & CEO	1330 POST OAK BOULEVARD, SUITE 2000, HOUSTON TX 77056
Robert J Cruikshank	director	2001 KIRBY, SUITE 313, HOUSTON TX 77019
Ezra G Levin	director	1330 POST OAK BLVD., SUITE 2000, HOUSTON TX 77056
Luxor Capital Group, Lp	10 percent owner	7 TIMES SQUARE, 43RD FLOOR, NEW YORK NY 10036
Luxor Capital Partners Offshore Ltd	10 percent owner	C/O MAPLES CORPORATE SERVICES LTD., PO BOX 309, UGLAND HOUSE, GEORGE TOWN E9 KY1-1104
Luxor Capital Partners, Lp	10 percent owner	7 TIMES SQUARE, 43RD FLOOR, NEW YORK NY 10036
Elizabeth D Brumley	officer: Controller	9800 RICHMOND AVE., SUITE 700, HOUSTON TX 77042
Lcg Holdings Llc	10 percent owner	7 TIMES SQUARE, 43RD FLOOR, NEW YORK NY 10036

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