Riviera Tool Co (Riviera Tool Co) Receivables Turnover : 0.44 (As of Nov. 2006)

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What is Riviera Tool Co 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. Riviera Tool Co's Revenue for the three months ended in Nov. 2006 was $4.31 Mil. Riviera Tool Co's average Accounts Receivable for the three months ended in Nov. 2006 was $9.85 Mil. Hence, Riviera Tool Co's Receivables Turnover for the three months ended in Nov. 2006 was 0.44.

Riviera Tool Co Receivables Turnover Historical Data

The historical data trend for Riviera Tool Co'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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Riviera Tool Co Receivables Turnover Chart

Riviera Tool Co Annual Data

Trend

Aug97

Aug98

Aug99

Aug00

Aug01

Aug02

Aug03

Aug04

Aug05

Aug06

Receivables Turnover

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4.43

6.88

2.46

2.11

3.08

Riviera Tool Co Quarterly Data
	Feb02	May02	Aug02	Nov02	Feb03	May03	Aug03	Nov03	Feb04	May04	Aug04	Nov04	Feb05	May05	Aug05	Nov05	Feb06	May06	Aug06	Nov06
Receivables Turnover	Get a 7-Day Free Trial															0.94	0.75	0.53	0.44	0.44

Competitive Comparison of Riviera Tool Co's Receivables Turnover

For the Metal Fabrication subindustry, Riviera Tool Co'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.

Riviera Tool Co's Receivables Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Riviera Tool Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Riviera Tool Co's Receivables Turnover falls into.

Riviera Tool Co Receivables Turnover Calculation

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

Riviera Tool Co's Receivables Turnover for the fiscal year that ended in Aug. 2006 is calculated as

	Receivables Turnover (A: Aug. 2006 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Aug. 2006 )	/ (	(Accounts Receivable (A: Aug. 2005 )	+	Accounts Receivable (A: Aug. 2006 ))	/	count )
=	24.041	/ (	(5.232	+	10.382)	/	2 )
=	24.041	/	7.807
=	3.08

Riviera Tool Co's Receivables Turnover for the quarter that ended in Nov. 2006 is calculated as

	Receivables Turnover (Q: Nov. 2006 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Nov. 2006 )	/ (	(Accounts Receivable (Q: Aug. 2006 )	+	Accounts Receivable (Q: Nov. 2006 ))	/	count )
=	4.308	/ (	(10.382	+	9.311)	/	2 )
=	4.308	/	9.8465
=	0.44

Riviera Tool Co (OTCPK:RIVT) 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.

Riviera Tool Co Receivables Turnover Related Terms

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Riviera Tool Co (Riviera Tool Co) Business Description

Industry

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Address

5460 Executive Parkway S.E., Grand Rapids, MI, USA, 49512

Website

http://www.rivieratool.com

Riviera Tool Co designs and manufactures large stamping die systems used to form sheet metal parts. These systems are used by automobile manufacturers to produce automobile and truck body parts such as roofs, hoods, fenders, doors, door frames, structural components, and bumpers. The company's customers include major automobile manufacturers.

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