GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » NoFire Technologies Inc (OTCPK:NFTI) » Definitions » Receivables Turnover

NoFire Technologies (NoFire Technologies) Receivables Turnover : 2.73 (As of May. 2010)


View and export this data going back to . Start your Free Trial

What is NoFire Technologies 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. NoFire Technologies's Revenue for the three months ended in May. 2010 was $0.28 Mil. NoFire Technologies's average Accounts Receivable for the three months ended in May. 2010 was $0.10 Mil. Hence, NoFire Technologies's Receivables Turnover for the three months ended in May. 2010 was 2.73.


NoFire Technologies Receivables Turnover Historical Data

The historical data trend for NoFire Technologies'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.

* Premium members only.

NoFire Technologies Receivables Turnover Chart

NoFire Technologies Annual Data
Trend Aug00 Aug01 Aug02 Aug03 Aug04 Aug05 Aug06 Aug07 Aug08 Aug09
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 51.81 80.89 6.59 3.76 10.57

NoFire Technologies Quarterly Data
Aug05 Nov05 Feb06 May06 Aug06 Nov06 Feb07 May07 Aug07 Nov07 Feb08 May08 Aug08 Nov08 Feb09 May09 Aug09 Nov09 Feb10 May10
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 4.28 2.76 1.43 4.55 2.73

Competitive Comparison of NoFire Technologies's Receivables Turnover

For the Specialty Chemicals subindustry, NoFire Technologies'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.


NoFire Technologies's Receivables Turnover Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, NoFire Technologies's Receivables Turnover distribution charts can be found below:

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



NoFire Technologies Receivables Turnover Calculation

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

NoFire Technologies's Receivables Turnover for the fiscal year that ended in Aug. 2009 is calculated as

Receivables Turnover (A: Aug. 2009 )
=Revenue / Average Total Inventories
=Revenue (A: Aug. 2009 ) / ((Accounts Receivable (A: Aug. 2008 ) + Accounts Receivable (A: Aug. 2009 )) / count )
=0.877 / ((0.083 + 0.083) / 2 )
=0.877 / 0.083
=10.57

NoFire Technologies's Receivables Turnover for the quarter that ended in May. 2010 is calculated as

Receivables Turnover (Q: May. 2010 )
=Revenue / Average Total Inventories
=Revenue (Q: May. 2010 ) / ((Accounts Receivable (Q: Feb. 2010 ) + Accounts Receivable (Q: May. 2010 )) / count )
=0.281 / ((0.089 + 0.117) / 2 )
=0.281 / 0.103
=2.73

* 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.


NoFire Technologies  (OTCPK:NFTI) 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.


NoFire Technologies Receivables Turnover Related Terms

Thank you for viewing the detailed overview of NoFire Technologies's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.


NoFire Technologies (NoFire Technologies) Business Description

Traded in Other Exchanges
N/A
Address
5 James Street, South Hackensack, NJ, USA, 07606
NoFire Technologies Inc is engaged in the development of non-toxic and fire-retardant coatings and textile wrap systems. It serves residential, commercial, industrial, maritime, and military applications.
Executives
Andrew H Tisch 10 percent owner 667 MADISON AVE, NEW YORK NY 10021-8087

NoFire Technologies (NoFire Technologies) Headlines

No Headlines