Neon Bloom (Neon Bloom) Receivables Turnover : 2.44 (As of Mar. 2011)

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What is Neon Bloom 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. Neon Bloom's Revenue for the three months ended in Mar. 2011 was $0.01 Mil. Neon Bloom's average Accounts Receivable for the three months ended in Mar. 2011 was $0.00 Mil. Hence, Neon Bloom's Receivables Turnover for the three months ended in Mar. 2011 was 2.44.

Neon Bloom Receivables Turnover Historical Data

The historical data trend for Neon Bloom'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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Neon Bloom Receivables Turnover Chart

Neon Bloom Annual Data

Trend

Dec06

Dec07

Dec08

Dec09

Dec10

Receivables Turnover

10.91

9.61

17.12

53.58

Neon Bloom Quarterly Data
	Dec06	Mar07	Jun07	Sep07	Dec07	Mar08	Jun08	Sep08	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11
Receivables Turnover	Get a 7-Day Free Trial													26.99	5.08	2.08	-	2.44

Competitive Comparison of Neon Bloom's Receivables Turnover

For the Biotechnology subindustry, Neon Bloom'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.

Neon Bloom's Receivables Turnover Distribution in the Biotechnology Industry

For the Biotechnology industry and Healthcare sector, Neon Bloom's Receivables Turnover distribution charts can be found below:

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

Neon Bloom Receivables Turnover Calculation

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

Neon Bloom's Receivables Turnover for the fiscal year that ended in Dec. 2010 is calculated as

	Receivables Turnover (A: Dec. 2010 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2010 )	/ (	(Accounts Receivable (A: Dec. 2009 )	+	Accounts Receivable (A: Dec. 2010 ))	/	count )
=	1.795	/ (	(0.061	+	0.006)	/	2 )
=	1.795	/	0.0335
=	53.58

Neon Bloom's Receivables Turnover for the quarter that ended in Mar. 2011 is calculated as

	Receivables Turnover (Q: Mar. 2011 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2011 )	/ (	(Accounts Receivable (Q: Dec. 2010 )	+	Accounts Receivable (Q: Mar. 2011 ))	/	count )
=	0.011	/ (	(0.006	+	0.003)	/	2 )
=	0.011	/	0.0045
=	2.44

Neon Bloom (OTCPK:NBCO) 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.

Neon Bloom Receivables Turnover Related Terms

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Neon Bloom (Neon Bloom) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Neon Bloom Inc (OTCPK:NBCO) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

8860 Columbia 100 Parkway, Suite 216, Columbia, MD, USA, 21045

Website

https://www.bazelethealth.com

Neon Bloom Inc is a holding company. It is a science-based firm that uses plant science proprietary products and technology to promote wellness and remedies in the hemp and medical cannabis industry.

Executives

Neev Nissenson

director, officer: VP, Secretary Director

42 CARRY WAY, CARSON CITY NV 89521