Asia Enterprises Holding (SGX:A55) Receivables Turnover : 1.30 (As of Dec. 2023)

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What is Asia Enterprises Holding 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. Asia Enterprises Holding's Revenue for the six months ended in Dec. 2023 was S$32.87 Mil. Asia Enterprises Holding's average Accounts Receivable for the six months ended in Dec. 2023 was S$25.36 Mil. Hence, Asia Enterprises Holding's Receivables Turnover for the six months ended in Dec. 2023 was 1.30.

Asia Enterprises Holding Receivables Turnover Historical Data

The historical data trend for Asia Enterprises Holding'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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Asia Enterprises Holding Receivables Turnover Chart

Asia Enterprises Holding Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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5.14

5.94

5.08

5.85

5.33

Asia Enterprises Holding 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															2.30	3.83	3.07	2.42	1.30

Competitive Comparison of Asia Enterprises Holding's Receivables Turnover

For the Steel subindustry, Asia Enterprises Holding'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.

Asia Enterprises Holding's Receivables Turnover Distribution in the Steel Industry

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

* The bar in red indicates where Asia Enterprises Holding's Receivables Turnover falls into.

Asia Enterprises Holding Receivables Turnover Calculation

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

Asia Enterprises Holding's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Receivables Turnover (A: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2023 )	/ (	(Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )
=	95.45	/ (	(18.357	+	17.448)	/	2 )
=	95.45	/	17.9025
=	5.33

Asia Enterprises Holding'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 )
=	32.872	/ (	(33.273	+	17.448)	/	2 )
=	32.872	/	25.3605
=	1.30

Asia Enterprises Holding (SGX:A55) 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.

Asia Enterprises Holding Receivables Turnover Related Terms

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Asia Enterprises Holding (SGX:A55) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Asia Enterprises Holding Ltd (SGX:A55) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 3 Pioneer Sector Walk, Singapore, SGP, 627897

Website

http://www.asiaenterprises.com.sg

Asia Enterprises Holding Ltd is an investment holding firm. It's in the distribution of steel products to marine and Offshore Industries. The company operates through three segments namely, Steel distribution comprises of procuring, distributing, and trading of steel products; the Provision of steel processing segment is involved in the processing of steel materials for sale and the corporate segment is engaged in investment and management activities. Most of its revenue is earned from the Steel distribution segment. Geographically, it derives majority revenue from the Singapore market, while it also has a presence in Indonesia, Malaysia, and other countries.

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