Veripos (OSTO:VPOSO) Receivables Turnover : 2.62 (As of Dec. 2012)

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What is Veripos 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. Veripos's Revenue for the six months ended in Dec. 2012 was kr237.1 Mil. Veripos's average Accounts Receivable for the six months ended in Dec. 2012 was kr90.3 Mil. Hence, Veripos's Receivables Turnover for the six months ended in Dec. 2012 was 2.62.

Veripos Receivables Turnover Historical Data

The historical data trend for Veripos'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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Veripos Receivables Turnover Chart

Veripos Annual Data

Trend

Dec11

Dec12

Receivables Turnover

1.80

2.62

Veripos Semi-Annual Data
	Dec11	Dec12
Receivables Turnover	1.80	2.62

Competitive Comparison of Veripos's Receivables Turnover

For the Communication Equipment subindustry, Veripos'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.

Veripos's Receivables Turnover Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Veripos's Receivables Turnover distribution charts can be found below:

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

Veripos Receivables Turnover Calculation

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

Veripos's Receivables Turnover for the fiscal year that ended in Dec. 2012 is calculated as

	Receivables Turnover (A: Dec. 2012 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2012 )	/ (	(Accounts Receivable (A: Dec. 2011 )	+	Accounts Receivable (A: Dec. 2012 ))	/	count )
=	237.058	/ (	(127.203	+	53.466)	/	2 )
=	237.058	/	90.3345
=	2.62

Veripos's Receivables Turnover for the quarter that ended in Dec. 2012 is calculated as

	Receivables Turnover (Q: Dec. 2012 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2012 )	/ (	(Accounts Receivable (Q: Dec. 2011 )	+	Accounts Receivable (Q: Dec. 2012 ))	/	count )
=	237.058	/ (	(127.203	+	53.466)	/	2 )
=	237.058	/	90.3345
=	2.62

Veripos (OSTO:VPOSO) 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.

Veripos Receivables Turnover Related Terms

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Veripos (OSTO:VPOSO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Veripos Inc (OSTO:VPOSO) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.veripos.com

Veripos Inc is incorporated in the Cayman Islands. The Company is a provider of positioning services to the offshore industry. The Company supplies data broadcast Global Navigation Satellite Systems (GNSS) augmentation services for positioning applications to the offshore oil and gas industry.

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