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Panache Beverage (Panache Beverage) Receivables Turnover : 3.53 (As of Jun. 2014)


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What is Panache Beverage 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. Panache Beverage's Revenue for the three months ended in Jun. 2014 was $0.66 Mil. Panache Beverage's average Accounts Receivable for the three months ended in Jun. 2014 was $0.19 Mil. Hence, Panache Beverage's Receivables Turnover for the three months ended in Jun. 2014 was 3.53.


Panache Beverage Receivables Turnover Historical Data

The historical data trend for Panache Beverage'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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Panache Beverage Receivables Turnover Chart

Panache Beverage Annual Data
Trend Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13
Receivables Turnover
Get a 7-Day Free Trial - 3.52 5.89 3.63 4.74

Panache Beverage Quarterly Data
Sep09 Dec09 Mar10 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14
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 0.97 0.19 0.66 3.14 3.53

Competitive Comparison of Panache Beverage's Receivables Turnover

For the Beverages - Wineries & Distilleries subindustry, Panache Beverage'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.


Panache Beverage's Receivables Turnover Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Panache Beverage's Receivables Turnover distribution charts can be found below:

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



Panache Beverage Receivables Turnover Calculation

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

Panache Beverage's Receivables Turnover for the fiscal year that ended in Dec. 2013 is calculated as

Receivables Turnover (A: Dec. 2013 )
=Revenue / Average Total Inventories
=Revenue (A: Dec. 2013 ) / ((Accounts Receivable (A: Dec. 2012 ) + Accounts Receivable (A: Dec. 2013 )) / count )
=3.694 / ((1.384 + 0.174) / 2 )
=3.694 / 0.779
=4.74

Panache Beverage's Receivables Turnover for the quarter that ended in Jun. 2014 is calculated as

Receivables Turnover (Q: Jun. 2014 )
=Revenue / Average Total Inventories
=Revenue (Q: Jun. 2014 ) / ((Accounts Receivable (Q: Mar. 2014 ) + Accounts Receivable (Q: Jun. 2014 )) / count )
=0.656 / ((0.231 + 0.141) / 2 )
=0.656 / 0.186
=3.53

* 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.


Panache Beverage  (GREY:WDKA) 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.


Panache Beverage Receivables Turnover Related Terms

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Panache Beverage (Panache Beverage) Business Description

Traded in Other Exchanges
N/A
Address
3rd Floor, 150 Fifth Avenue, New York, NY, USA, 10010
Panache Beverage Inc operates in the beverages industry in the United States. The company is engaged in manufacturing of vodka.

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