Vicplas International (SGX:569) Receivables Turnover : 1.97 (As of Jan. 2024)

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What is Vicplas 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. Vicplas International's Revenue for the six months ended in Jan. 2024 was S$51.1 Mil. Vicplas International's average Accounts Receivable for the six months ended in Jan. 2024 was S$25.9 Mil. Hence, Vicplas International's Receivables Turnover for the six months ended in Jan. 2024 was 1.97.

Vicplas International Receivables Turnover Historical Data

The historical data trend for Vicplas 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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Vicplas International Receivables Turnover Chart

Vicplas International Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Receivables Turnover

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3.84

3.98

4.67

4.24

4.42

Vicplas International Semi-Annual Data
	Jul14	Jan15	Jul15	Jan16	Jul16	Jan17	Jul17	Jan18	Jul18	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jul23	Jan24
Receivables Turnover	Get a 7-Day Free Trial															2.01	1.98	2.08	2.28	1.97

Competitive Comparison of Vicplas International's Receivables Turnover

For the Medical Devices subindustry, Vicplas 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.

Vicplas International's Receivables Turnover Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Vicplas International's Receivables Turnover distribution charts can be found below:

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

Vicplas International Receivables Turnover Calculation

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

Vicplas International's Receivables Turnover for the fiscal year that ended in Jul. 2023 is calculated as

	Receivables Turnover (A: Jul. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jul. 2023 )	/ (	(Accounts Receivable (A: Jul. 2022 )	+	Accounts Receivable (A: Jul. 2023 ))	/	count )
=	129.216	/ (	(33.589	+	24.875)	/	2 )
=	129.216	/	29.232
=	4.42

Vicplas International's Receivables Turnover for the quarter that ended in Jan. 2024 is calculated as

	Receivables Turnover (Q: Jan. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jan. 2024 )	/ (	(Accounts Receivable (Q: Jul. 2023 )	+	Accounts Receivable (Q: Jan. 2024 ))	/	count )
=	51.057	/ (	(24.875	+	26.835)	/	2 )
=	51.057	/	25.855
=	1.97

Vicplas International (SGX:569) 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.

Vicplas International Receivables Turnover Related Terms

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Vicplas International (SGX:569) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Vicplas International Ltd (SGX:569) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

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Address

35 Joo Koon Circle, Singapore, SGP, 629110

Website

https://www.vicplas.com

Vicplas International Ltd is an investment holding company. The company is organized into two main business activities: the Pipes and Pipe Fitting segment and the Medical Devices segment, which is the key revenue driver. Pipes and Pipe Fittings segment engages in the manufacturing and distribution of plastic building products, including uPVC pipes and pipe fittings and electrical conduits. The Medical device segment is involved in the research, design, development, and manufacture of medical devices. The company generates majority of its revenue from medical devices. The company does its sales through geographical segments that include Singapore, Malaysia, China, and the United Kingdom, of which the majority of the revenue comes from Singapore.

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