Systar (XPAR:SAR) Receivables Turnover : 1.85 (As of Dec. 2013)

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What is Systar 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. Systar's Revenue for the six months ended in Dec. 2013 was €10.72 Mil. Systar's average Accounts Receivable for the six months ended in Dec. 2013 was €5.79 Mil. Hence, Systar's Receivables Turnover for the six months ended in Dec. 2013 was 1.85.

Systar Receivables Turnover Historical Data

The historical data trend for Systar'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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Systar Receivables Turnover Chart

Systar Annual Data

Trend

Jun09

Jun10

Jun11

Jun12

Jun13

Receivables Turnover

3.45

2.96

2.79

3.40

3.50

Systar Semi-Annual Data
	Dec09	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13
Receivables Turnover	Get a 7-Day Free Trial				1.36	1.57	1.37	1.37	1.85

Competitive Comparison of Systar's Receivables Turnover

For the Software - Application subindustry, Systar'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.

Systar's Receivables Turnover Distribution in the Software Industry

For the Software industry and Technology sector, Systar's Receivables Turnover distribution charts can be found below:

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

Systar Receivables Turnover Calculation

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

Systar's Receivables Turnover for the fiscal year that ended in Jun. 2013 is calculated as

	Receivables Turnover (A: Jun. 2013 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jun. 2013 )	/ (	(Accounts Receivable (A: Jun. 2012 )	+	Accounts Receivable (A: Jun. 2013 ))	/	count )
=	18.971	/ (	(6.816	+	4.027)	/	2 )
=	18.971	/	5.4215
=	3.50

Systar's Receivables Turnover for the quarter that ended in Dec. 2013 is calculated as

	Receivables Turnover (Q: Dec. 2013 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2013 )	/ (	(Accounts Receivable (Q: Jun. 2013 )	+	Accounts Receivable (Q: Dec. 2013 ))	/	count )
=	10.719	/ (	(4.027	+	7.559)	/	2 )
=	10.719	/	5.793
=	1.85

Systar (XPAR:SAR) 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.

Systar Receivables Turnover Related Terms

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Systar (XPAR:SAR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Systar (XPAR:SAR) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.systar.com

Systar is a provider of performance management software that enables large organizations to maximize the efficiency of their business operations and IT infrastructure.