IMRIS (IMRSQ) Receivables Turnover : 1.56 (As of Dec. 2014)

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What is IMRIS 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. IMRIS's Revenue for the three months ended in Dec. 2014 was $9.56 Mil. IMRIS's average Accounts Receivable for the three months ended in Dec. 2014 was $6.12 Mil. Hence, IMRIS's Receivables Turnover for the three months ended in Dec. 2014 was 1.56.

IMRIS Receivables Turnover Historical Data

The historical data trend for IMRIS'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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IMRIS Receivables Turnover Chart

IMRIS Annual Data

Trend

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Receivables Turnover

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5.36

5.08

3.89

2.64

IMRIS Quarterly Data
	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14
Receivables Turnover	Get a 7-Day Free Trial															0.75	0.68	0.51	1.40	1.56

Competitive Comparison of IMRIS's Receivables Turnover

For the Medical Devices subindustry, IMRIS'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.

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

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

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

IMRIS Receivables Turnover Calculation

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

IMRIS's Receivables Turnover for the fiscal year that ended in Dec. 2014 is calculated as

	Receivables Turnover (A: Dec. 2014 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2014 )	/ (	(Accounts Receivable (A: Dec. 2013 )	+	Accounts Receivable (A: Dec. 2014 ))	/	count )
=	28.891	/ (	(13.373	+	8.539)	/	2 )
=	28.891	/	10.956
=	2.64

IMRIS's Receivables Turnover for the quarter that ended in Dec. 2014 is calculated as

	Receivables Turnover (Q: Dec. 2014 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2014 )	/ (	(Accounts Receivable (Q: Sep. 2014 )	+	Accounts Receivable (Q: Dec. 2014 ))	/	count )
=	9.558	/ (	(3.705	+	8.539)	/	2 )
=	9.558	/	6.122
=	1.56

IMRIS (GREY:IMRSQ) 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.

IMRIS Receivables Turnover Related Terms

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IMRIS (IMRSQ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » IMRIS Inc (GREY:IMRSQ) » Definitions » Receivables Turnover

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Address

100-1370 Sony Place, Winnipeg, MB, CAN, R3T 1N5

Website

http://www.imris.com

IMRIS Inc designs, manufactures and markets Image-guided therapy systems that improves the effectiveness of therapy delivery. Its main product is the Visius surgical theater. The company provides its products to hospitals that deliver clinical services to patients in the neurosurgical, spinal, cerebrovascular and cardiovascular markets. The firm is focused on bringing enhanced visualization to the point of therapy delivery and is spread across Canada, United States, Europe and the Middle East and Asia-Pacific.

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