Singer Sri Lanka (COL:SINS.N0000) Receivables Turnover : 0.60 (As of Mar. 2024)

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What is Singer Sri Lanka 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. Singer Sri Lanka's Revenue for the three months ended in Mar. 2024 was රු16,147 Mil. Singer Sri Lanka's average Accounts Receivable for the three months ended in Mar. 2024 was රු26,809 Mil. Hence, Singer Sri Lanka's Receivables Turnover for the three months ended in Mar. 2024 was 0.60.

Singer Sri Lanka Receivables Turnover Historical Data

The historical data trend for Singer Sri Lanka'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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Singer Sri Lanka Receivables Turnover Chart

Singer Sri Lanka Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

Get a 7-Day Free Trial

4.03

5.17

5.90

4.73

5.22

Singer Sri Lanka Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															0.68	0.70	0.51	0.83	0.60

Competitive Comparison of Singer Sri Lanka's Receivables Turnover

For the Specialty Retail subindustry, Singer Sri Lanka'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.

Singer Sri Lanka's Receivables Turnover Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Singer Sri Lanka's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Singer Sri Lanka's Receivables Turnover falls into.

Singer Sri Lanka Receivables Turnover Calculation

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

Singer Sri Lanka's Receivables Turnover for the fiscal year that ended in Mar. 2024 is calculated as

	Receivables Turnover (A: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2024 )	/ (	(Accounts Receivable (A: Mar. 2023 )	+	Accounts Receivable (A: Mar. 2024 ))	/	count )
=	69973.442	/ (	(9698.054	+	17122.081)	/	2 )
=	69973.442	/	13410.0675
=	5.22

Singer Sri Lanka's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	16147.24	/ (	(36496.552	+	17122.081)	/	2 )
=	16147.24	/	26809.3165
=	0.60

Singer Sri Lanka (COL:SINS.N0000) 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.

Singer Sri Lanka Receivables Turnover Related Terms

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Singer Sri Lanka (COL:SINS.N0000) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Singer Sri Lanka PLC (COL:SINS.N0000) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

No. 112, Havelock Road, Colombo, LKA, 05

Website

https://www.singer.lk

Singer Sri Lanka PLC is a Sri Lanka based appliance retailer. It is engaged in marketing of household electrical products. It operates in seven segments including Consumer Electronics that offers televisions, audios and other electronic products. Financial Services segment offers leasing, hire purchase and loans. Furniture segment offers wood and layered furniture, sofa sets, steel furniture, and mattress. Home Appliances offer refrigerators, washing machines, deep freezers. Digital Products include laptops and smartphones. Sewing segment offers domestic and industrial sewing machines and general merchandise Other segment offers motorbikes, bicycles, water pumps, paddy threshers, and tractors. The company generates maximum revenue from the Home Appliances segment.

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