GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » H.E.R.C. Products Inc (OTCPK:HERC) » Definitions » Receivables Turnover

H.E.R.C. Products (H.E.R.C. Products) Receivables Turnover : 3.35 (As of Jun. 2004)


View and export this data going back to 1994. Start your Free Trial

What is H.E.R.C. Products 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. H.E.R.C. Products's Revenue for the three months ended in Jun. 2004 was $1.50 Mil. H.E.R.C. Products's average Accounts Receivable for the three months ended in Jun. 2004 was $0.45 Mil. Hence, H.E.R.C. Products's Receivables Turnover for the three months ended in Jun. 2004 was 3.35.


H.E.R.C. Products Receivables Turnover Historical Data

The historical data trend for H.E.R.C. Products'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.

H.E.R.C. Products Receivables Turnover Chart

H.E.R.C. Products Annual Data
Trend Dec94 Dec95 Dec96 Dec97 Dec98 Dec99 Dec00 Dec01 Dec02 Dec03
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.96 7.05 12.83 13.75 12.20

H.E.R.C. Products Quarterly Data
Sep98 Dec98 Mar00 Jun00 Sep00 Dec00 Mar01 Jun01 Sep01 Dec01 Mar02 Jun02 Sep02 Dec02 Mar03 Jun03 Sep03 Dec03 Mar04 Jun04
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 3.52 5.20 4.21 2.79 3.35

Competitive Comparison of H.E.R.C. Products's Receivables Turnover

For the Specialty Chemicals subindustry, H.E.R.C. Products'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.


H.E.R.C. Products's Receivables Turnover Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, H.E.R.C. Products's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where H.E.R.C. Products's Receivables Turnover falls into.



H.E.R.C. Products Receivables Turnover Calculation

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

H.E.R.C. Products's Receivables Turnover for the fiscal year that ended in Dec. 2003 is calculated as

Receivables Turnover (A: Dec. 2003 )
=Revenue / Average Total Inventories
=Revenue (A: Dec. 2003 ) / ((Accounts Receivable (A: Dec. 2002 ) + Accounts Receivable (A: Dec. 2003 )) / count )
=5.838 / ((0.342 + 0.615) / 2 )
=5.838 / 0.4785
=12.20

H.E.R.C. Products's Receivables Turnover for the quarter that ended in Jun. 2004 is calculated as

Receivables Turnover (Q: Jun. 2004 )
=Revenue / Average Total Inventories
=Revenue (Q: Jun. 2004 ) / ((Accounts Receivable (Q: Mar. 2004 ) + Accounts Receivable (Q: Jun. 2004 )) / count )
=1.501 / ((0.485 + 0.41) / 2 )
=1.501 / 0.4475
=3.35

* 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.


H.E.R.C. Products  (OTCPK:HERC) 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.


H.E.R.C. Products Receivables Turnover Related Terms

Thank you for viewing the detailed overview of H.E.R.C. Products's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.


H.E.R.C. Products (H.E.R.C. Products) Business Description

Traded in Other Exchanges
N/A
Address
1420 Columbus Avenue, Portsmouth, VA, USA, 23704
Executives
Robert W Affholder director
John B Furman director 1420 COLUMBUS AVENUE, PORTSMOUTH VA 23704

H.E.R.C. Products (H.E.R.C. Products) Headlines