Meridian AD (XBLB:MRDN-R-A) Receivables Turnover : 0.50 (As of Dec. 2013)

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What is Meridian AD 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. Meridian AD's Revenue for the six months ended in Dec. 2013 was BAM3.98 Mil. Meridian AD's average Accounts Receivable for the six months ended in Dec. 2013 was BAM7.94 Mil. Hence, Meridian AD's Receivables Turnover for the six months ended in Dec. 2013 was 0.50.

Meridian AD Receivables Turnover Historical Data

The historical data trend for Meridian AD'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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Meridian AD Receivables Turnover Chart

Meridian AD Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Receivables Turnover

0.99

1.06

1.03

1.00

Meridian AD Semi-Annual Data
	Dec11	Jun12	Dec12	Jun13	Dec13	Dec14
Receivables Turnover	Get a 7-Day Free Trial			0.50	0.55	0.48	0.50	-

Competitive Comparison of Meridian AD's Receivables Turnover

For the Integrated Freight & Logistics subindustry, Meridian AD'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.

Meridian AD's Receivables Turnover Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Meridian AD's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Meridian AD's Receivables Turnover falls into.

Meridian AD Receivables Turnover Calculation

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

Meridian AD's Receivables Turnover for the fiscal year that ended in Dec. 2014 is calculated as

	Receivables Turnover (A: Dec. 2014 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2014 )	/ (	(Accounts Receivable (A: Dec. 2013 )	+	Accounts Receivable (A: Dec. 2014 ))	/	count )
=	8.049	/ (	(7.946	+	8.158)	/	2 )
=	8.049	/	8.052
=	1.00

Meridian AD's Receivables Turnover for the quarter that ended in Dec. 2013 is calculated as

	Receivables Turnover (Q: Dec. 2013 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2013 )	/ (	(Accounts Receivable (Q: Jun. 2013 )	+	Accounts Receivable (Q: Dec. 2013 ))	/	count )
=	3.981	/ (	(7.939	+	7.946)	/	2 )
=	3.981	/	7.9425
=	0.50

Meridian AD (XBLB:MRDN-R-A) 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.

Meridian AD Receivables Turnover Related Terms

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Meridian AD (XBLB:MRDN-R-A) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Meridian AD (XBLB:MRDN-R-A) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Veselina Maslese 21/II, Banja Luka, BIH, 78000

Website

http://www.meridianbl.com

Meridian AD operates in integrated shipping and logistics industry in Bosnia and Herzegovina. The services offered by the company include organization of transport, collective transport, customs brokerage, storage of goods, and consulting.

Meridian AD (XBLB:MRDN-R-A) Headlines

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