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Vasamed (Vasamed) Receivables Turnover : 1.36 (As of Sep. 2006)


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What is Vasamed 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. Vasamed's Revenue for the three months ended in Sep. 2006 was $0.51 Mil. Vasamed's average Accounts Receivable for the three months ended in Sep. 2006 was $0.38 Mil. Hence, Vasamed's Receivables Turnover for the three months ended in Sep. 2006 was 1.36.


Vasamed Receivables Turnover Historical Data

The historical data trend for Vasamed'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.

* Premium members only.

Vasamed Receivables Turnover Chart

Vasamed Annual Data
Trend Dec96 Dec97 Dec98 Dec99 Dec00 Dec01 Dec02 Dec03 Dec04 Dec05
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 28.08 6.89 6.92 5.58 4.17

Vasamed Quarterly Data
Dec01 Mar02 Jun02 Sep02 Dec02 Mar03 Jun03 Sep03 Dec03 Mar04 Jun04 Sep04 Dec04 Mar05 Jun05 Sep05 Dec05 Mar06 Jun06 Sep06
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 1.38 1.42 0.97 1.04 1.36

Competitive Comparison of Vasamed's Receivables Turnover

For the Medical Instruments & Supplies subindustry, Vasamed'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.


Vasamed's Receivables Turnover Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Vasamed's Receivables Turnover distribution charts can be found below:

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



Vasamed Receivables Turnover Calculation

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

Vasamed's Receivables Turnover for the fiscal year that ended in Dec. 2005 is calculated as

Receivables Turnover (A: Dec. 2005 )
=Revenue / Average Total Inventories
=Revenue (A: Dec. 2005 ) / ((Accounts Receivable (A: Dec. 2004 ) + Accounts Receivable (A: Dec. 2005 )) / count )
=1.386 / ((0.185 + 0.48) / 2 )
=1.386 / 0.3325
=4.17

Vasamed's Receivables Turnover for the quarter that ended in Sep. 2006 is calculated as

Receivables Turnover (Q: Sep. 2006 )
=Revenue / Average Total Inventories
=Revenue (Q: Sep. 2006 ) / ((Accounts Receivable (Q: Jun. 2006 ) + Accounts Receivable (Q: Sep. 2006 )) / count )
=0.513 / ((0.433 + 0.324) / 2 )
=0.513 / 0.3785
=1.36

* 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.


Vasamed  (OTCPK:VSMD) 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.


Vasamed Receivables Turnover Related Terms

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Vasamed (Vasamed) Business Description

Traded in Other Exchanges
N/A
Address
7615 Golden Triangle Drive, Suite A, Eden Prairie, MN, USA, 55344-3733
Vasamed Inc develops, manufactures and markets low-cost, non-invasive peripheral and cardiovascular diagnostic systems for hemodynamic assessment.

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