SOEN (Solar Enertech) Receivables Turnover : 0.32 (As of Dec. 2011)

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What is Solar Enertech 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. Solar Enertech's Revenue for the three months ended in Dec. 2011 was $2.11 Mil. Solar Enertech's average Accounts Receivable for the three months ended in Dec. 2011 was $6.51 Mil. Hence, Solar Enertech's Receivables Turnover for the three months ended in Dec. 2011 was 0.32.

Solar Enertech Receivables Turnover Historical Data

The historical data trend for Solar Enertech'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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Solar Enertech Receivables Turnover Chart

Solar Enertech Annual Data

Trend

Sep05

Sep06

Sep07

Sep08

Sep09

Sep10

Sep11

Receivables Turnover

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0.86

7.02

7.08

10.05

5.99

Solar Enertech Quarterly Data
	Mar07	Jun07	Sep07	Dec07	Mar08	Jun08	Sep08	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11
Receivables Turnover	Get a 7-Day Free Trial															2.31	1.67	1.53	0.48	0.32

Competitive Comparison of Solar Enertech's Receivables Turnover

For the Solar subindustry, Solar Enertech'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.

Solar Enertech's Receivables Turnover Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Solar Enertech's Receivables Turnover distribution charts can be found below:

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

Solar Enertech Receivables Turnover Calculation

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

Solar Enertech's Receivables Turnover for the fiscal year that ended in Sep. 2011 is calculated as

	Receivables Turnover (A: Sep. 2011 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Sep. 2011 )	/ (	(Accounts Receivable (A: Sep. 2010 )	+	Accounts Receivable (A: Sep. 2011 ))	/	count )
=	42.694	/ (	(6.546	+	7.715)	/	2 )
=	42.694	/	7.1305
=	5.99

Solar Enertech's Receivables Turnover for the quarter that ended in Dec. 2011 is calculated as

	Receivables Turnover (Q: Dec. 2011 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2011 )	/ (	(Accounts Receivable (Q: Sep. 2011 )	+	Accounts Receivable (Q: Dec. 2011 ))	/	count )
=	2.107	/ (	(7.715	+	5.296)	/	2 )
=	2.107	/	6.5055
=	0.32

Solar Enertech (OTCPK:SOEN) 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.

Solar Enertech Receivables Turnover Related Terms

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Solar Enertech Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Solar Enertech Corp (OTCPK:SOEN) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

655 West Evelyn Avenue, Suite 2, Mountain View, CA, USA, 94041

Website

http://www.solarenertech.com

Solar Enertech Corp currently operates as a photovoltaic solar energy cell manufacturer.

Executives

David Anthony	director	200 LUDLOW DRIVE, EWING NJ 08638
David Gelbaum	10 percent owner, other: Co-Trustee	2309 SANTIAGO DRIVE, NEWPORT BEACH CA 92660
Monica Chavez Gelbaum	10 percent owner, other: Co-Trustee	2309 SANTIAGO DRIVE, NEWPORT BEACH CA 92660
Quercus Trust	10 percent owner	2309 SANTIAGO DRIVE, NEWPORT BEACH CA 92660
Luxor Capital Group, Lp	10 percent owner	7 TIMES SQUARE, 43RD FLOOR, NEW YORK NY 10036
Lcg Select Llc	10 percent owner	767 FIFTH AVENUE, 19TH FLOOR, NEW YORK NY 10153
Lcg Select Offshore Ltd	10 percent owner	PO BOX 309GT UGLAND HOUSE SOUTH CHURCH S, GEORGE TOWN, GRAND CAYAMAN CAYMAN E9 00000

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