FirsTime Design (FirsTime Design) Receivables Turnover : 1.64 (As of Dec. 2012)

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What is FirsTime Design 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. FirsTime Design's Revenue for the three months ended in Dec. 2012 was $2.61 Mil. FirsTime Design's average Accounts Receivable for the three months ended in Dec. 2012 was $1.60 Mil. Hence, FirsTime Design's Receivables Turnover for the three months ended in Dec. 2012 was 1.64.

FirsTime Design Receivables Turnover Historical Data

The historical data trend for FirsTime Design'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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FirsTime Design Receivables Turnover Chart

FirsTime Design Annual Data

Trend

Dec03

Dec04

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Receivables Turnover

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5.44

4.51

3.94

3.89

5.96

FirsTime Design Quarterly Data
	Mar08	Jun08	Sep08	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12
Receivables Turnover	Get a 7-Day Free Trial															1.33	1.27	1.09	1.13	1.64

Competitive Comparison of FirsTime Design's Receivables Turnover

For the Furnishings, Fixtures & Appliances subindustry, FirsTime Design'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.

FirsTime Design's Receivables Turnover Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, FirsTime Design's Receivables Turnover distribution charts can be found below:

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

FirsTime Design Receivables Turnover Calculation

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

FirsTime Design's Receivables Turnover for the fiscal year that ended in Dec. 2012 is calculated as

	Receivables Turnover (A: Dec. 2012 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2012 )	/ (	(Accounts Receivable (A: Dec. 2011 )	+	Accounts Receivable (A: Dec. 2012 ))	/	count )
=	7.646	/ (	(1.008	+	1.558)	/	2 )
=	7.646	/	1.283
=	5.96

FirsTime Design's Receivables Turnover for the quarter that ended in Dec. 2012 is calculated as

	Receivables Turnover (Q: Dec. 2012 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2012 )	/ (	(Accounts Receivable (Q: Sep. 2012 )	+	Accounts Receivable (Q: Dec. 2012 ))	/	count )
=	2.61	/ (	(1.633	+	1.558)	/	2 )
=	2.61	/	1.5955
=	1.64

FirsTime Design (OTCPK:FTDL) 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.

FirsTime Design Receivables Turnover Related Terms

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FirsTime Design (FirsTime Design) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » FirsTime Design Ltd (OTCPK:FTDL) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

W237 N2889 Woodgate Road, Suite F, Pewaukee, WI, USA, 53072

Website

https://www.firstime.com

FirsTime Design Ltd, through its subsidiaries, designs, imports, and distributes decorative timepieces and other home decor products. It distributes commercial mattresses and bedding accessories. In addition, it offers custom packaging and product merchandising services. It sells its products through retailers in the United States. The group has manufacturing partners in China with some in Egypt, India, Italy, Taiwan, the United States, and Vietnam.

Executives