China TMK Battery Systems (China TMK Battery Systems) Receivables Turnover : 1.61 (As of Sep. 2011)

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What is China TMK Battery Systems 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. China TMK Battery Systems's Revenue for the three months ended in Sep. 2011 was $25.37 Mil. China TMK Battery Systems's average Accounts Receivable for the three months ended in Sep. 2011 was $15.77 Mil. Hence, China TMK Battery Systems's Receivables Turnover for the three months ended in Sep. 2011 was 1.61.

China TMK Battery Systems Receivables Turnover Historical Data

The historical data trend for China TMK Battery Systems'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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China TMK Battery Systems Receivables Turnover Chart

China TMK Battery Systems Annual Data

Trend

Sep06

Sep07

Sep08

Sep09

Dec10

Receivables Turnover

5.38

China TMK Battery Systems Quarterly Data
	Dec06	Mar07	Jun07	Sep07	Dec07	Mar08	Jun08	Sep08	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11
Receivables Turnover	Get a 7-Day Free Trial															2.23	1.98	1.55	1.74	1.61

Competitive Comparison of China TMK Battery Systems's Receivables Turnover

For the Electrical Equipment & Parts subindustry, China TMK Battery Systems'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.

China TMK Battery Systems's Receivables Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, China TMK Battery Systems's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where China TMK Battery Systems's Receivables Turnover falls into.

China TMK Battery Systems Receivables Turnover Calculation

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

China TMK Battery Systems's Receivables Turnover for the fiscal year that ended in Dec. 2010 is calculated as

	Receivables Turnover (A: Dec. 2010 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2010 )	/ (	(Accounts Receivable (A: Sep. 2009 )	+	Accounts Receivable (A: Dec. 2010 ))	/	count )
=	66.421	/ (	(0	+	12.352)	/	1 )
=	66.421	/	12.352
=	5.38

China TMK Battery Systems's Receivables Turnover for the quarter that ended in Sep. 2011 is calculated as

	Receivables Turnover (Q: Sep. 2011 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2011 )	/ (	(Accounts Receivable (Q: Jun. 2011 )	+	Accounts Receivable (Q: Sep. 2011 ))	/	count )
=	25.373	/ (	(14.955	+	16.579)	/	2 )
=	25.373	/	15.767
=	1.61

China TMK Battery Systems (OTCPK:DFEL) 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.

China TMK Battery Systems Receivables Turnover Related Terms

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China TMK Battery Systems (China TMK Battery Systems) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » China TMK Battery Systems Inc (OTCPK:DFEL) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

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Address

Fuhua Road, Room 2406, East Block, Great China International Exchange Square, Futian District, Shenzhen, CHN, 7390

Website

https://www.tmk-battery.com

China TMK Battery Systems Inc is a United States is based on the research and development, manufacturing, sales and service of core products in the new energy industry. The company has newly established a number of wholly-owned subsidiaries in mainland China, which are distributed in the centralized rapid charging for new energy vehicles, lithium batteries, new materials, artificial intelligence basic software equipment, Internet and other.

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