Lorenzo International (SGX:5IE) Receivables Turnover : 3.40 (As of Dec. 2023)

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What is Lorenzo 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. Lorenzo International's Revenue for the three months ended in Dec. 2023 was S$5.13 Mil. Lorenzo International's average Accounts Receivable for the three months ended in Dec. 2023 was S$1.51 Mil. Hence, Lorenzo International's Receivables Turnover for the three months ended in Dec. 2023 was 3.40.

Lorenzo International Receivables Turnover Historical Data

The historical data trend for Lorenzo 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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Lorenzo International Receivables Turnover Chart

Lorenzo International Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Mar17

Mar18

Mar19

Mar20

Receivables Turnover

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6.67

8.14

13.69

18.34

Lorenzo International Quarterly Data
	Dec15	Jun16	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Jun20	Sep20	Dec20	Jun21	Sep21	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															3.36	3.05	2.30	2.70	3.40

Competitive Comparison of Lorenzo International's Receivables Turnover

For the Furnishings, Fixtures & Appliances subindustry, Lorenzo 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.

Lorenzo International's Receivables Turnover Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Lorenzo International's Receivables Turnover distribution charts can be found below:

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

Lorenzo International Receivables Turnover Calculation

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

Lorenzo International's Receivables Turnover for the fiscal year that ended in Mar. 2020 is calculated as

	Receivables Turnover (A: Mar. 2020 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2020 )	/ (	(Accounts Receivable (A: Mar. 2019 )	+	Accounts Receivable (A: Mar. 2020 ))	/	count )
=	26.9	/ (	(1.544	+	1.389)	/	2 )
=	26.9	/	1.4665
=	18.34

Lorenzo International'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: Sep. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	5.133	/ (	(1.471	+	1.546)	/	2 )
=	5.133	/	1.5085
=	3.40

Lorenzo International (SGX:5IE) 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.

Lorenzo International Receivables Turnover Related Terms

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Lorenzo International (SGX:5IE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Lorenzo International Ltd (SGX:5IE) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

106 International Road, No. 02-00, Singapore, SGP, 629175

Website

https://www.lorenzo-international.com

Lorenzo International Ltd is a branded lifestyle furniture retailer. The company sells its products under the Lorenzo brand name grouped under two main collections - Dante for classic leather sofas and Enzo for wood-based products. The group is organized into the following reportable operating segments: Furniture, and Building Materials. The company distributes its products across Singapore, Malaysia, Taiwan, China, and other regions. The company generates maximum revenue from Malaysia followed by Taiwan and Singapore.

Lorenzo International (SGX:5IE) Headlines

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