ZAP (ZAAP) Receivables Turnover : 4.71 (As of Dec. 2016)

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What is ZAP 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. ZAP's Revenue for the three months ended in Dec. 2016 was $1.14 Mil. ZAP's average Accounts Receivable for the three months ended in Dec. 2016 was $0.24 Mil. Hence, ZAP's Receivables Turnover for the three months ended in Dec. 2016 was 4.71.

ZAP Receivables Turnover Historical Data

The historical data trend for ZAP'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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ZAP Receivables Turnover Chart

ZAP Annual Data

Trend

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Receivables Turnover

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11.56

9.30

7.11

16.99

23.81

ZAP Quarterly Data
	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16
Receivables Turnover	Get a 7-Day Free Trial															11.76	5.88	4.71	5.60	4.71

Competitive Comparison of ZAP's Receivables Turnover

For the Recreational Vehicles subindustry, ZAP'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.

ZAP's Receivables Turnover Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, ZAP's Receivables Turnover distribution charts can be found below:

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

ZAP Receivables Turnover Calculation

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

ZAP's Receivables Turnover for the fiscal year that ended in Dec. 2016 is calculated as

	Receivables Turnover (A: Dec. 2016 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2016 )	/ (	(Accounts Receivable (A: Dec. 2015 )	+	Accounts Receivable (A: Dec. 2016 ))	/	count )
=	10.775	/ (	(0.743	+	0.162)	/	2 )
=	10.775	/	0.4525
=	23.81

ZAP's Receivables Turnover for the quarter that ended in Dec. 2016 is calculated as

	Receivables Turnover (Q: Dec. 2016 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2016 )	/ (	(Accounts Receivable (Q: Sep. 2016 )	+	Accounts Receivable (Q: Dec. 2016 ))	/	count )
=	1.136	/ (	(0.32	+	0.162)	/	2 )
=	1.136	/	0.241
=	4.71

ZAP (GREY:ZAAP) 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.

ZAP Receivables Turnover Related Terms

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ZAP (ZAAP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » ZAP Inc (GREY:ZAAP) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

2 West 3rd Street, Santa Rosa, CA, USA, 95401

Website

http://www.zapworld.com

ZAP Inc designs, develops, manufactures and sells fully electric and advanced technology vehicles. Business activity of the group is operated through Jonway Auto and ZAP (Consumer Product) segments. The Jonway Auto segment represents sales of the gas-fueled Jonway A380 three and five-door sports utility vehicles, EV minivan and EV SUVs and spare parts principally through distributors in China. The ZAP Consumer Product segment represents rechargeable portable energy products, Zapino scooter, and ZAPPY3 personal transporters. The firm derives most of the revenue from the Jonway Auto segment.

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