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Precision Auto Care (Precision Auto Care) Receivables Turnover : 18.89 (As of Mar. 2017)


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What is Precision Auto Care 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. Precision Auto Care's Revenue for the three months ended in Mar. 2017 was $7.61 Mil. Precision Auto Care's average Accounts Receivable for the three months ended in Mar. 2017 was $0.40 Mil. Hence, Precision Auto Care's Receivables Turnover for the three months ended in Mar. 2017 was 18.89.

Precision Auto Care Receivables Turnover Historical Data

The historical data trend for Precision Auto Care'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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Precision Auto Care Receivables Turnover Chart

Precision Auto Care Annual Data
Trend Jun02 Jun03 Jun04 Jun05 Jun06 Jun07 Jun08 Jun14 Jun15 Jun16
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 27.72 28.61 53.61 56.23 53.53

Precision Auto Care Quarterly Data
Mar07 Jun07 Sep07 Dec07 Mar08 Jun08 Sep08 Dec08 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17
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 15.38 13.89 14.99 17.97 18.89

Competitive Comparison of Precision Auto Care's Receivables Turnover

For the Personal Services subindustry, Precision Auto Care'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.

Precision Auto Care's Receivables Turnover Distribution in the Personal Services Industry

For the Personal Services industry and Consumer Cyclical sector, Precision Auto Care's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Precision Auto Care's Receivables Turnover falls into.


Precision Auto Care Receivables Turnover Calculation

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

Precision Auto Care's Receivables Turnover for the fiscal year that ended in Jun. 2016 is calculated as

Receivables Turnover (A: Jun. 2016 )
=Revenue / Average Total Inventories
=Revenue (A: Jun. 2016 ) / ((Accounts Receivable (A: Jun. 2015 ) + Accounts Receivable (A: Jun. 2016 )) / count )
=27.597 / ((0.471 + 0.56) / 2 )
=27.597 / 0.5155
=53.53

Precision Auto Care's Receivables Turnover for the quarter that ended in Mar. 2017 is calculated as

Receivables Turnover (Q: Mar. 2017 )
=Revenue / Average Total Inventories
=Revenue (Q: Mar. 2017 ) / ((Accounts Receivable (Q: Dec. 2016 ) + Accounts Receivable (Q: Mar. 2017 )) / count )
=7.612 / ((0.358 + 0.448) / 2 )
=7.612 / 0.403
=18.89

* 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.

Precision Auto Care  (OTCPK:PACI) 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.

Precision Auto Care Receivables Turnover Related Terms

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Precision Auto Care (Precision Auto Care) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Personal Services » Precision Auto Care Inc (OTCPK:PACI) » Definitions » Receivables Turnover
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Traded in Other Exchanges
N/A
Address
Website
http://www.precisiontune.com
Precision Auto Care Inc provides automotive maintenance services. The company's operations include Precision Tune Auto Care, an international franchisor of automotive service centers; Precision Auto Wash, an operator and franchisor of self-service car wash centers; and Precision Lube Express, an operator and franchisor of oil change and lube centers. Precision Auto Care also distributes automotive parts, equipment, and supplies.