Global Testing (SGX:AYN) Receivables Turnover : 2.41 (As of Dec. 2023)

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What is Global Testing 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. Global Testing's Revenue for the six months ended in Dec. 2023 was S$25.99 Mil. Global Testing's average Accounts Receivable for the six months ended in Dec. 2023 was S$10.78 Mil. Hence, Global Testing's Receivables Turnover for the six months ended in Dec. 2023 was 2.41.

Global Testing Receivables Turnover Historical Data

The historical data trend for Global Testing'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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Global Testing Receivables Turnover Chart

Global Testing Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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4.46

4.86

5.43

5.25

5.18

Global Testing 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															2.77	2.56	2.53	2.54	2.41

Competitive Comparison of Global Testing's Receivables Turnover

For the Semiconductor Equipment & Materials subindustry, Global Testing'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.

Global Testing's Receivables Turnover Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Global Testing's Receivables Turnover distribution charts can be found below:

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

Global Testing Receivables Turnover Calculation

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

Global Testing'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 )
=	54.065	/ (	(10.851	+	10.023)	/	2 )
=	54.065	/	10.437
=	5.18

Global Testing'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 )
=	25.988	/ (	(11.528	+	10.023)	/	2 )
=	25.988	/	10.7755
=	2.41

Global Testing (SGX:AYN) 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.

Global Testing Receivables Turnover Related Terms

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Global Testing (SGX:AYN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Global Testing Corp Ltd (SGX:AYN) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

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Address

No. 75 Guangfu Road, Hu-Kou, Hsin-Chu Industrial Park, Hsin-Chu, TWN, 303

Website

https://www.gttw.com.tw

Global Testing Corp Ltd is engaged in providing testing services. The group provides testing services such as wafer sorting and final testing to the semiconductor industry, focusing on logic and mixed-signal semiconductors used in consumer electronics and communication devices. As part of its testing services, it provides test program development, conversion and optimization services, load board and probe card design, and leases its testers to its customers for trial and pilot testing purposes on an ad hoc basis. Geographically the business presence of the firm is seen across the region of Singapore, the USA, Taiwan, China, Japan, and other countries.

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