RINO International (RINO International) Receivables Turnover : 0.66 (As of Sep. 2010)

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What is RINO 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. RINO International's Revenue for the three months ended in Sep. 2010 was $52.7 Mil. RINO International's average Accounts Receivable for the three months ended in Sep. 2010 was $79.5 Mil. Hence, RINO International's Receivables Turnover for the three months ended in Sep. 2010 was 0.66.

RINO International Receivables Turnover Historical Data

The historical data trend for RINO 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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RINO International Receivables Turnover Chart

RINO International Annual Data

Trend

Dec05

Dec06

Dec07

Dec08

Dec09

Receivables Turnover

1.91

4.81

3.85

3.52

RINO International Quarterly Data
	Dec05	Mar06	Jun06	Sep06	Dec06	Mar07	Jun07	Sep07	Dec07	Mar08	Jun08	Sep08	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10
Receivables Turnover	Get a 7-Day Free Trial															1.08	1.04	0.87	1.08	0.66

Competitive Comparison of RINO International's Receivables Turnover

For the Shell Companies subindustry, RINO 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.

RINO International's Receivables Turnover Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, RINO International's Receivables Turnover distribution charts can be found below:

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

RINO International Receivables Turnover Calculation

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

RINO International's Receivables Turnover for the fiscal year that ended in Dec. 2009 is calculated as

	Receivables Turnover (A: Dec. 2009 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2009 )	/ (	(Accounts Receivable (A: Dec. 2008 )	+	Accounts Receivable (A: Dec. 2009 ))	/	count )
=	192.643	/ (	(51.503	+	57.811)	/	2 )
=	192.643	/	54.657
=	3.52

RINO International's Receivables Turnover for the quarter that ended in Sep. 2010 is calculated as

	Receivables Turnover (Q: Sep. 2010 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2010 )	/ (	(Accounts Receivable (Q: Jun. 2010 )	+	Accounts Receivable (Q: Sep. 2010 ))	/	count )
=	52.725	/ (	(68.389	+	90.688)	/	2 )
=	52.725	/	79.5385
=	0.66

RINO International (OTCPK:RINO) 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.

RINO International Receivables Turnover Related Terms

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RINO International (RINO International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » RINO International Corp (OTCPK:RINO) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

101 East Park Boulevard, 6th Floor, Plano, TX, USA, 75074

Website

RINO International Corp is in the business of identifying and acquiring strategic intellectual property in the agricultural technology, biotechnologies, and energy industries.

Executives

Glenn Little

director, 10 percent owner, officer: CEO & CFO

211 WEST WALL ST, MIDLAND TX 70701

RINO International (RINO International) Headlines

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