TOR Minerals International (TOR Minerals International) Receivables Turnover : 9.89 (As of Dec. 2017)

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What is TOR Minerals International 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. TOR Minerals International's Revenue for the six months ended in Dec. 2017 was $38.97 Mil. TOR Minerals International's average Accounts Receivable for the six months ended in Dec. 2017 was $3.94 Mil. Hence, TOR Minerals International's Receivables Turnover for the six months ended in Dec. 2017 was 9.89.

TOR Minerals International Receivables Turnover Historical Data

The historical data trend for TOR Minerals International'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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TOR Minerals International Receivables Turnover Chart

TOR Minerals International Annual Data

Trend

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Receivables Turnover

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10.83

9.90

8.77

10.85

9.89

TOR Minerals International Semi-Annual Data
	Dec98	Dec99	Dec00	Dec01	Dec02	Dec03	Dec04	Dec05	Dec06	Dec07	Dec08	Dec09	Dec10	Dec11	Dec12	Dec13	Dec14	Dec15	Dec16	Dec17
Receivables Turnover	Get a 7-Day Free Trial															10.83	9.90	8.77	10.85	9.89

Competitive Comparison of TOR Minerals International's Receivables Turnover

For the Specialty Chemicals subindustry, TOR Minerals International'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.

TOR Minerals International's Receivables Turnover Distribution in the Chemicals Industry

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

* The bar in red indicates where TOR Minerals International's Receivables Turnover falls into.

TOR Minerals International Receivables Turnover Calculation

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

TOR Minerals International's Receivables Turnover for the fiscal year that ended in Dec. 2017 is calculated as

	Receivables Turnover (A: Dec. 2017 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2017 )	/ (	(Accounts Receivable (A: Dec. 2016 )	+	Accounts Receivable (A: Dec. 2017 ))	/	count )
=	38.966	/ (	(3.557	+	4.323)	/	2 )
=	38.966	/	3.94
=	9.89

TOR Minerals International's Receivables Turnover for the quarter that ended in Dec. 2017 is calculated as

	Receivables Turnover (Q: Dec. 2017 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2017 )	/ (	(Accounts Receivable (Q: Dec. 2016 )	+	Accounts Receivable (Q: Dec. 2017 ))	/	count )
=	38.966	/ (	(3.557	+	4.323)	/	2 )
=	38.966	/	3.94
=	9.89

TOR Minerals International (OTCPK:TORM) 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.

TOR Minerals International Receivables Turnover Related Terms

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

TOR Minerals International (TOR Minerals International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » TOR Minerals International Inc (OTCPK:TORM) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

615 N Upper Broadway, Suite 410, Corpus Christi, TX, USA, 78401

Website

https://www.torminerals.com

TOR Minerals International Inc is engaged in the manufacture and sale of mineral products for use as pigments and extenders, majorly in the manufacture of paints, industrial coatings plastics, and solid surface applications. It has a business presence in the U.S., Pacific Rim; Canada, Mexico and South/Central America; Europe, Africa and the Middle East countries. Some of its products are Aluprem, Hitox and Tioprem, BARTEX and Haltex, among others.

Executives

Steven E Paulson	director	722 BURLESON STREET, CORPUS CHRISTI TX 78402
Mark A Graber	10 percent owner	2220 NORTHSTAR STREET, NUMBER 17, ANCHORAGE AK 99503

TOR Minerals International (TOR Minerals International) Headlines

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