Industria Automotriz de CV (MEX:IASASA) Receivables Turnover: 0.61 (As of Jun. 2011)

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 Industria Automotriz de CV Receivables Turnover?

Industria Automotriz de CV MEX:IASASA Receivables Turnover is 0.61 as of Jun. 2011.

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. Industria Automotriz de CV's Revenue for the three months ended in Jun. 2011 was MXN9.68 Mil. Industria Automotriz de CV's average Accounts Receivable for the three months ended in Jun. 2011 was MXN15.81 Mil. Hence, Industria Automotriz de CV's Receivables Turnover for the three months ended in Jun. 2011 was 0.61.

Industria Automotriz de CV  (MEX:IASASA) 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.

Industria Automotriz de CV Receivables Turnover Related Terms

Industria Automotriz de CV Receivables Turnover Historical Data

* Premium members only.

The historical data trend for Industria Automotriz de CV'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.

Industria Automotriz de CV Receivables Turnover Chart

Industria Automotriz de CV Annual Data
Trend Dec07 Dec08 Dec09
Receivables Turnover
0.00 0.00 0.00

Industria Automotriz de CV Quarterly Data
Dec07 Dec08 Sep09 Dec09 Mar10 Jun10 Sep10 Mar11 Jun11
Receivables Turnover Get a 7-Day Free Trial Premium Member Only 0.00 0.00 0.34 0.37 0.61

MEX:IASASA vs CSHEF, AMTY, OMTK: Receivables Turnover Comparison

For the Auto Parts subindustry, Industria Automotriz de CV'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.

Industria Automotriz de CV Receivables Turnover vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Industria Automotriz de CV's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Industria Automotriz de CV's Receivables Turnover falls into.


Industria Automotriz de CV Receivables Turnover Calculation

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

Industria Automotriz de CV's Receivables Turnover for the fiscal year that ended in Dec. 2009 is calculated as

Receivables Turnover (A: Dec. 2009 )
=Revenue / Average Accounts Receivable
=Revenue (A: Dec. 2009 ) / ((Accounts Receivable (A: Dec. 2008 ) + Accounts Receivable (A: Dec. 2009 )) / count )
=34.015 / ((0 + 0) / 1 )
=34.015 / 0
=N/A

Industria Automotriz de CV's Receivables Turnover for the quarter that ended in Jun. 2011 is calculated as

Receivables Turnover (Q: Jun. 2011 )
=Revenue / Average Accounts Receivable
=Revenue (Q: Jun. 2011 ) / ((Accounts Receivable (Q: Mar. 2011 ) + Accounts Receivable (Q: Jun. 2011 )) / count )
=9.682 / ((19.939 + 11.684) / 2 )
=9.682 / 15.8115
=0.61

* 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 0.61 mean?
Industria Automotriz de CV (MEX:IASASA) has a Receivables Turnover of 0.61 as of Jun. 2011. 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 Industria Automotriz de CV and its competitors.
Is Industria Automotriz de CV's Receivables Turnover too high?
Industria Automotriz de CV's current Receivables Turnover is 0.61. The Vehicles & Parts industry median Receivables Turnover is 5.99. Industria Automotriz de CV's value of 0.61 is 89.8% below this industry median.
How does Industria Automotriz de CV's Receivables Turnover compare to CSHEF and AMTY?
Industria Automotriz de CV's Receivables Turnover of 0.61 can be compared against companies in the Vehicles & Parts industry. The industry median Receivables Turnover is 5.99. Industria Automotriz de CV's value of 0.61 is 89.8% 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 Vehicles & Parts company?
The median Receivables Turnover among Vehicles & Parts companies is 5.99, based on 1,315 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. Industria Automotriz de CV's current Receivables Turnover of 0.61 is 89.8% 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 Industria Automotriz de CV and its competitors. For the Vehicles & Parts industry, the median Receivables Turnover is 5.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Industria Automotriz de CV's current Receivables Turnover is 0.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Industria Automotriz de CV stock overvalued right now?
Industria Automotriz de CV (MEX:IASASA) has a current Receivables Turnover of 0.61. The current Receivables Turnover is 0.61 and 89.8% below the Vehicles & Parts industry median of 5.99. 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 Industria Automotriz de CV (MEX:IASASA), the current Receivables Turnover is 0.61 as of Jun. 2011. 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.

Industria Automotriz de CV Business Description

Address Avenida Universidad 1011, San Nicolas de los Garza, NL, MEX, 66400
Industria Automotriz SA de CV is engaged in manufacturing of stamping, assemblies and subassemblies for the automotive industry. The company also manufactures dies and tool, assembly attachments and attachments to check the produced pieces.