Sygnia (JSE:SYG) Receivables Turnover : 0.00 (As of Sep. 2023)

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What is Sygnia 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. Sygnia's Revenue for the six months ended in Sep. 2023 was R0.0 Mil. Sygnia's average Accounts Receivable for the six months ended in Sep. 2023 was R346.9 Mil.

Sygnia Receivables Turnover Historical Data

The historical data trend for Sygnia'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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Sygnia Receivables Turnover Chart

Sygnia Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Receivables Turnover

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26.11

2.38

2.26

2.52

3.04

Sygnia Semi-Annual Data
	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Receivables Turnover	Get a 7-Day Free Trial														1.20	1.22	2.64	1.85	-

Competitive Comparison of Sygnia's Receivables Turnover

For the Financial Conglomerates subindustry, Sygnia'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.

Sygnia's Receivables Turnover Distribution in the Diversified Financial Services Industry

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

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

Sygnia Receivables Turnover Calculation

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

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

	Receivables Turnover (A: Sep. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Sep. 2023 )	/ (	(Accounts Receivable (A: Sep. 2022 )	+	Accounts Receivable (A: Sep. 2023 ))	/	count )
=	843.89	/ (	(152.309	+	403.352)	/	2 )
=	843.89	/	277.8305
=	3.04

Sygnia's Receivables Turnover for the quarter that ended in Sep. 2023 is calculated as

	Receivables Turnover (Q: Sep. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2023 )	/ (	(Accounts Receivable (Q: Mar. 2023 )	+	Accounts Receivable (Q: Sep. 2023 ))	/	count )
=	0	/ (	(290.501	+	403.352)	/	2 )
=	0	/	346.9265
=	N/A

Sygnia (JSE:SYG) 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.

Sygnia Receivables Turnover Related Terms

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Sygnia (JSE:SYG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Sygnia Ltd (JSE:SYG) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

Cardiff Street, Green Point, 7th Floor, The Foundry, Cape Town, WC, ZAF, 8001

Website

https://www.sygnia.co.za

Sygnia Ltd is a specialist financial services company. The company provides investment management and administration solutions to institutional and retail clients located predominantly in South Africa. Its main investment services include domestic and international multi-manager and index-tracking products, customized investment design and management, transition management, and investment administration services. The company operates in Cape Town, Johannesburg, Durban, London.

Sygnia (JSE:SYG) Headlines

From GuruFocus

Sygnia Stock Shows Every Sign Of Being Fairly Valued

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