Averox (Averox) Receivables Turnover : 0.57 (As of Jun. 2009)

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What is Averox 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. Averox's Revenue for the three months ended in Jun. 2009 was $0.24 Mil. Averox's average Accounts Receivable for the three months ended in Jun. 2009 was $0.42 Mil. Hence, Averox's Receivables Turnover for the three months ended in Jun. 2009 was 0.57.

Averox Receivables Turnover Historical Data

The historical data trend for Averox'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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Averox Receivables Turnover Chart

Averox Annual Data

Trend

Dec03

Dec04

Dec05

Jun07

Jun08

Receivables Turnover

5.94

1.80

Averox Quarterly Data
	Sep04	Dec04	Mar05	Jun05	Sep05	Dec05	Mar06	Jun06	Sep06	Dec06	Mar07	Jun07	Sep07	Dec07	Mar08	Jun08	Sep08	Dec08	Mar09	Jun09
Receivables Turnover	Get a 7-Day Free Trial															1.35	0.49	0.81	0.58	0.57

Competitive Comparison of Averox's Receivables Turnover

For the Software - Application subindustry, Averox'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.

Averox's Receivables Turnover Distribution in the Software Industry

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

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

Averox Receivables Turnover Calculation

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

Averox's Receivables Turnover for the fiscal year that ended in Jun. 2008 is calculated as

	Receivables Turnover (A: Jun. 2008 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jun. 2008 )	/ (	(Accounts Receivable (A: Jun. 2007 )	+	Accounts Receivable (A: Jun. 2008 ))	/	count )
=	0.826	/ (	(0.608	+	0.308)	/	2 )
=	0.826	/	0.458
=	1.80

Averox's Receivables Turnover for the quarter that ended in Jun. 2009 is calculated as

	Receivables Turnover (Q: Jun. 2009 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2009 )	/ (	(Accounts Receivable (Q: Mar. 2009 )	+	Accounts Receivable (Q: Jun. 2009 ))	/	count )
=	0.239	/ (	(0.447	+	0.393)	/	2 )
=	0.239	/	0.42
=	0.57

Averox (OTCPK:AVRI) 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.

Averox Receivables Turnover Related Terms

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Averox (Averox) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Averox Inc (OTCPK:AVRI) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

13784 Graber Avenue, Sylmar, CA, USA, 91342

Website

https://www.averox.com

Averox Inc started as a software company writing programs useful to small and large businesses. The current business plan is to merge with a private company, possibly a manufacturer of surgical instruments.

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