NOEC (New Oriental Energy & Chemical) Receivables Turnover: 6.31 (As of Dec. 2010)


What is New Oriental Energy & Chemical Receivables Turnover?

New Oriental Energy & Chemical NOEC -99.00% Receivables Turnover is 6.31 as of Dec. 2010.

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. New Oriental Energy & Chemical's Revenue for the three months ended in Dec. 2010 was $0.94 Mil. New Oriental Energy & Chemical's average Accounts Receivable for the three months ended in Dec. 2010 was $0.15 Mil. Hence, New Oriental Energy & Chemical's Receivables Turnover for the three months ended in Dec. 2010 was 6.31.

New Oriental Energy & Chemical  (OTCPK:NOEC) 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.

New Oriental Energy & Chemical Receivables Turnover Related Terms

New Oriental Energy & Chemical Receivables Turnover Historical Data

* Premium members only.

The historical data trend for New Oriental Energy & Chemical'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.

New Oriental Energy & Chemical Receivables Turnover Chart

New Oriental Energy & Chemical Annual Data
Trend Dec05 Mar07 Mar08 Mar09 Mar10
Receivables Turnover
0.00 238.13 421.32 2,919.22 266.10

New Oriental Energy & Chemical Quarterly Data
Mar06 Jun06 Sep06 Dec06 Mar07 Jun07 Sep07 Dec07 Mar08 Jun08 Sep08 Dec08 Mar09 Jun09 Sep09 Dec09 Mar10 Jun10 Sep10 Dec10
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 20.30 23.62 59.83 14.01 6.31

NOEC vs RTKHQ, LBTD, CVAT: Receivables Turnover Comparison

For the Agricultural Inputs subindustry, New Oriental Energy & Chemical'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.

New Oriental Energy & Chemical Receivables Turnover vs Agriculture Industry

For the Agriculture industry and Basic Materials sector, New Oriental Energy & Chemical's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where New Oriental Energy & Chemical's Receivables Turnover falls into.


New Oriental Energy & Chemical Receivables Turnover Calculation

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

New Oriental Energy & Chemical's Receivables Turnover for the fiscal year that ended in Mar. 2010 is calculated as

Receivables Turnover (A: Mar. 2010 )
=Revenue / Average Accounts Receivable
=Revenue (A: Mar. 2010 ) / ((Accounts Receivable (A: Mar. 2009 ) + Accounts Receivable (A: Mar. 2010 )) / count )
=32.464 / ((0.018 + 0.226) / 2 )
=32.464 / 0.122
=266.10

New Oriental Energy & Chemical's Receivables Turnover for the quarter that ended in Dec. 2010 is calculated as

Receivables Turnover (Q: Dec. 2010 )
=Revenue / Average Accounts Receivable
=Revenue (Q: Dec. 2010 ) / ((Accounts Receivable (Q: Sep. 2010 ) + Accounts Receivable (Q: Dec. 2010 )) / count )
=0.944 / ((0.222 + 0.077) / 2 )
=0.944 / 0.1495
=6.31

* 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 6.31 mean?
New Oriental Energy & Chemical (NOEC) has a Receivables Turnover of 6.31 as of Dec. 2010. 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 New Oriental Energy & Chemical and its competitors.
Is New Oriental Energy & Chemical's Receivables Turnover too high?
New Oriental Energy & Chemical's current Receivables Turnover is 6.31. The Agriculture industry median Receivables Turnover is 5.46. New Oriental Energy & Chemical's value of 6.31 is 15.6% above this industry median.
How does New Oriental Energy & Chemical's Receivables Turnover compare to RTKHQ and LBTD?
New Oriental Energy & Chemical's Receivables Turnover of 6.31 can be compared against companies in the Agriculture industry. The industry median Receivables Turnover is 5.46. New Oriental Energy & Chemical's value of 6.31 is 15.6% above 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 an Agriculture company?
The median Receivables Turnover among Agriculture companies is 5.46, based on 244 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. New Oriental Energy & Chemical's current Receivables Turnover of 6.31 is 15.6% above 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 New Oriental Energy & Chemical and its competitors. For the Agriculture industry, the median Receivables Turnover is 5.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. New Oriental Energy & Chemical's current Receivables Turnover is 6.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is New Oriental Energy & Chemical stock overvalued right now?
New Oriental Energy & Chemical (NOEC) has a current Receivables Turnover of 6.31. The current Receivables Turnover is 6.31 and 15.6% above the Agriculture industry median of 5.46. 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 New Oriental Energy & Chemical (NOEC), the current Receivables Turnover is 6.31 as of Dec. 2010. 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.

New Oriental Energy & Chemical Business Description

Address Xicheng Industrial Zone of Luoshan, Xinyang, Henan Province, CHN, 464200
New Oriental Energy & Chemical Corporation, through its subsidiary, is engaged in the manufacture and distribution of fertilizer and chemical products in the People's Republic of China.