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QRS Music Technologies (QRS Music Technologies) Receivables Turnover : 3.44 (As of Mar. 2007)


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What is QRS Music Technologies 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. QRS Music Technologies's Revenue for the three months ended in Mar. 2007 was $3.27 Mil. QRS Music Technologies's average Accounts Receivable for the three months ended in Mar. 2007 was $0.95 Mil. Hence, QRS Music Technologies's Receivables Turnover for the three months ended in Mar. 2007 was 3.44.


QRS Music Technologies Receivables Turnover Historical Data

The historical data trend for QRS Music Technologies'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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QRS Music Technologies Receivables Turnover Chart

QRS Music Technologies Annual Data
Trend Jun01 Jun02 Jun03 Jun04 Jun05 Jun06
Receivables Turnover
Get a 7-Day Free Trial 11.62 16.31 20.91 23.67 14.79

QRS Music Technologies Quarterly Data
Jun02 Sep02 Dec02 Mar03 Jun03 Sep03 Dec03 Mar04 Jun04 Sep04 Dec04 Mar05 Jun05 Sep05 Dec05 Mar06 Jun06 Sep06 Dec06 Mar07
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 3.69 2.65 2.63 4.94 3.44

Competitive Comparison of QRS Music Technologies's Receivables Turnover

For the Leisure subindustry, QRS Music Technologies'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.


QRS Music Technologies's Receivables Turnover Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, QRS Music Technologies's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where QRS Music Technologies's Receivables Turnover falls into.



QRS Music Technologies Receivables Turnover Calculation

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

QRS Music Technologies's Receivables Turnover for the fiscal year that ended in Jun. 2006 is calculated as

Receivables Turnover (A: Jun. 2006 )
=Revenue / Average Total Inventories
=Revenue (A: Jun. 2006 ) / ((Accounts Receivable (A: Jun. 2005 ) + Accounts Receivable (A: Jun. 2006 )) / count )
=18.085 / ((0.907 + 1.539) / 2 )
=18.085 / 1.223
=14.79

QRS Music Technologies's Receivables Turnover for the quarter that ended in Mar. 2007 is calculated as

Receivables Turnover (Q: Mar. 2007 )
=Revenue / Average Total Inventories
=Revenue (Q: Mar. 2007 ) / ((Accounts Receivable (Q: Dec. 2006 ) + Accounts Receivable (Q: Mar. 2007 )) / count )
=3.274 / ((1.192 + 0.712) / 2 )
=3.274 / 0.952
=3.44

* 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.


QRS Music Technologies  (OTCPK:QRSM) 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.


QRS Music Technologies Receivables Turnover Related Terms

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QRS Music Technologies (QRS Music Technologies) Business Description

Traded in Other Exchanges
N/A
Address
269 Quaker Drive, Seneca, PA, USA, 16346
QRS Music Technologies Inc manufactures and distributes pianos, pianomation units and compact discs and music rolls for use in player pianos. The firm has a presence in Buffalo, New York and Seneca, Pennsylvania within the United States and internationally in Belmain NSW, Australia. It also operates a sales and procurement office in Hong Kong, China.

QRS Music Technologies (QRS Music Technologies) Headlines