Sims (ASX:SGM) Receivables Turnover : 6.58 (As of Dec. 2023)

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What is Sims 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. Sims's Revenue for the six months ended in Dec. 2023 was A$4,114 Mil. Sims's average Accounts Receivable for the six months ended in Dec. 2023 was A$625 Mil. Hence, Sims's Receivables Turnover for the six months ended in Dec. 2023 was 6.58.

Sims Receivables Turnover Historical Data

The historical data trend for Sims'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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Sims Receivables Turnover Chart

Sims Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Receivables Turnover

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20.61

17.88

16.02

19.10

16.43

Sims Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															8.32	9.46	6.96	7.82	6.58

Competitive Comparison of Sims's Receivables Turnover

For the Steel subindustry, Sims'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.

Sims's Receivables Turnover Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Sims's Receivables Turnover distribution charts can be found below:

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

Sims Receivables Turnover Calculation

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

Sims's Receivables Turnover for the fiscal year that ended in Jun. 2023 is calculated as

	Receivables Turnover (A: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jun. 2023 )	/ (	(Accounts Receivable (A: Jun. 2022 )	+	Accounts Receivable (A: Jun. 2023 ))	/	count )
=	8061.1	/ (	(500.6	+	480.8)	/	2 )
=	8061.1	/	490.7
=	16.43

Sims's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Jun. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	4114.4	/ (	(480.8	+	769.1)	/	2 )
=	4114.4	/	624.95
=	6.58

Sims (ASX:SGM) 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.

Sims Receivables Turnover Related Terms

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Sims (ASX:SGM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Sims Ltd (ASX:SGM) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

SMUPF:USA SMSMY:USA I8M:Germany

Address

189 O’Riordan Street, Suite 2, Level 9, Mascot, Sydney, NSW, AUS, 2020

Website

https://www.simsltd.com

Sims Ltd was created from the 2008 merger of two metal-recycling companies: Australia's Sims Group and America's Metal Management. The company is publicly traded metal and electronics recycler, with roughly half of its revenue generated in North America and the balance split between Australasia and Europe. The company buys, processes and sells ferrous and non-ferrous discarded metals. The company's segment includes North America Metal, Australia/New Zealand Metal, Global Trading, Investment in SA Recycling, UK metal, and Sims Lifecycle Services. The company generates the majority revenue from North America Metal segment.