Turners Group NZ (NZSE:TUA) Receivables Turnover : 0.00 (As of Jun. 2014)

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What is Turners Group NZ 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. Turners Group NZ's Revenue for the six months ended in Jun. 2014 was NZ$29.85 Mil. Turners Group NZ's average Accounts Receivable for the six months ended in Jun. 2014 was NZ$0.00 Mil.

Turners Group NZ Receivables Turnover Historical Data

The historical data trend for Turners Group NZ'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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Turners Group NZ Receivables Turnover Chart

Turners Group NZ Annual Data

Trend

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Receivables Turnover

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Turners Group NZ Semi-Annual Data
	Dec03	Jun04	Dec04	Jun05	Dec05	Jun07	Dec07	Jun08	Dec08	Jun09	Dec09	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14
Receivables Turnover	Get a 7-Day Free Trial															-	-	-	-	-

Competitive Comparison of Turners Group NZ's Receivables Turnover

For the Auto & Truck Dealerships subindustry, Turners Group NZ'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.

Turners Group NZ's Receivables Turnover Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Turners Group NZ's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Turners Group NZ's Receivables Turnover falls into.

Turners Group NZ Receivables Turnover Calculation

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

Turners Group NZ's Receivables Turnover for the fiscal year that ended in Dec. 2013 is calculated as

	Receivables Turnover (A: Dec. 2013 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2013 )	/ (	(Accounts Receivable (A: Dec. 2012 )	+	Accounts Receivable (A: Dec. 2013 ))	/	count )
=	47.021	/ (	(0	+	0)	/	1 )
=	47.021	/	0
=	N/A

Turners Group NZ's Receivables Turnover for the quarter that ended in Jun. 2014 is calculated as

	Receivables Turnover (Q: Jun. 2014 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2014 )	/ (	(Accounts Receivable (Q: Dec. 2013 )	+	Accounts Receivable (Q: Jun. 2014 ))	/	count )
=	29.853	/ (	(0	+	0)	/	1 )
=	29.853	/	0
=	N/A

Turners Group NZ (NZSE:TUA) 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.

Turners Group NZ Receivables Turnover Related Terms

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Turners Group NZ (NZSE:TUA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Turners Group NZ Ltd (NZSE:TUA) » Definitions » Receivables Turnover

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Address

Website

http://www.turners.co.nz

Turners Auctions Limited (TUA-NZ) is New Zealand's largest auction house with 16 branches nation wide and annual turnover exceeding NZ$400m. TUA is also the largest single seller of motor vehicles in New Zealand. The business operates in two broad markets: used vehicles and commercial goods. Vehicle sales include trucks, damaged insurance salvaged vehicles, light commercial vehicles and passenger cars. Commercial sales include a wide variety of surplus equipment such as heavy plant and machinery, police and custom seized goods, liquidator sales, catering equipment, computers and furniture.