Coastal Contacts (OSTO:COA) Receivables Turnover : 7.58 (As of Jan. 2014)

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What is Coastal Contacts 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. Coastal Contacts's Revenue for the three months ended in Jan. 2014 was kr309 Mil. Coastal Contacts's average Accounts Receivable for the three months ended in Jan. 2014 was kr41 Mil. Hence, Coastal Contacts's Receivables Turnover for the three months ended in Jan. 2014 was 7.58.

Coastal Contacts Receivables Turnover Historical Data

The historical data trend for Coastal Contacts'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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Coastal Contacts Receivables Turnover Chart

Coastal Contacts Annual Data

Trend

Oct04

Oct05

Oct06

Oct07

Oct08

Oct09

Oct10

Oct11

Oct12

Oct13

Receivables Turnover

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18.77

18.15

24.86

34.47

34.06

Coastal Contacts Quarterly Data
	Apr09	Jul09	Oct09	Jan10	Apr10	Jul10	Oct10	Jan11	Apr11	Jul11	Oct11	Jan12	Apr12	Jul12	Oct12	Jan13	Apr13	Jul13	Oct13	Jan14
Receivables Turnover	Get a 7-Day Free Trial															7.75	6.30	-	8.09	7.58

Competitive Comparison of Coastal Contacts's Receivables Turnover

For the Medical Instruments & Supplies subindustry, Coastal Contacts'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.

Coastal Contacts's Receivables Turnover Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Coastal Contacts's Receivables Turnover distribution charts can be found below:

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

Coastal Contacts Receivables Turnover Calculation

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

Coastal Contacts's Receivables Turnover for the fiscal year that ended in Oct. 2013 is calculated as

	Receivables Turnover (A: Oct. 2013 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Oct. 2013 )	/ (	(Accounts Receivable (A: Oct. 2012 )	+	Accounts Receivable (A: Oct. 2013 ))	/	count )
=	1345.229	/ (	(38.231	+	40.768)	/	2 )
=	1345.229	/	39.4995
=	34.06

Coastal Contacts's Receivables Turnover for the quarter that ended in Jan. 2014 is calculated as

	Receivables Turnover (Q: Jan. 2014 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jan. 2014 )	/ (	(Accounts Receivable (Q: Oct. 2013 )	+	Accounts Receivable (Q: Jan. 2014 ))	/	count )
=	308.925	/ (	(40.768	+	0)	/	1 )
=	308.925	/	40.768
=	7.58

Coastal Contacts (OSTO:COA) 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.

Coastal Contacts Receivables Turnover Related Terms

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Coastal Contacts (OSTO:COA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Coastal Contacts Inc. (OSTO:COA) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

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Address

Website

http://www.coastalcontacts.com

Coastal Contacts Inc. was incorporated under the Canada Business Corporations Act on December 14, 2000. The Company is an online retailer of vision care products. It is a direct-to-consumer retailer of vision care products and services. The Company sells contact lenses, eyeglasses and related products mainly through the Company's internet websites, although customers may also place orders over the telephone. It has operations and distribution centers in North America, Europe and Australia. The Company sells contact lenses manufactured by multinational companies such as Johnson and Johnson Inc., CIBA Vision Corporation (a division of Alcon), Bausch & Lomb Inc. and Coopervision Inc. It sells eyeglasses, which are mainly assembled in the Company's own laboratories, composed of frames and lenses purchased from a variety of different suppliers. The frames it uses in its eyeglasses include both branded frames and the Company's own private label frames such as Derek Cardigan, Kam Dhillon, Ltede and Joseph Marc. The Company also sells a variety of vision related products such as sunglasses and contact lens solutions including its own Healthy Eyes brand multipurpose contact lens solution for soft contact lenses. It offers substantially all of the soft contact lenses produced by the contact lens manufacturers, including Johnson & Johnson Inc., CIBA Vision Corporation, Bausch & Lomb Inc. and Coopervision Inc. The Company conducts all of its product fulfillment operations from the Company's distribution facilities in Vancouver, British Columbia, Canada; Stockholm, Sweden; Blaine, Washington and Sydney, Australia.

Coastal Contacts (OSTO:COA) Headlines

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