World Precision Machinery (SGX:B49) Receivables Turnover : 0.46 (As of Mar. 2024)

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What is World Precision Machinery 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. World Precision Machinery's Revenue for the three months ended in Mar. 2024 was S$34.5 Mil. World Precision Machinery's average Accounts Receivable for the three months ended in Mar. 2024 was S$75.2 Mil. Hence, World Precision Machinery's Receivables Turnover for the three months ended in Mar. 2024 was 0.46.

World Precision Machinery Receivables Turnover Historical Data

The historical data trend for World Precision Machinery'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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World Precision Machinery Receivables Turnover Chart

World Precision Machinery Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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8.77

11.44

13.06

3.42

2.19

World Precision Machinery Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															0.78	1.26	0.97	0.85	0.46

Competitive Comparison of World Precision Machinery's Receivables Turnover

For the Specialty Industrial Machinery subindustry, World Precision Machinery'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.

World Precision Machinery's Receivables Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, World Precision Machinery's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where World Precision Machinery's Receivables Turnover falls into.

World Precision Machinery Receivables Turnover Calculation

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

World Precision Machinery'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 )
=	201.169	/ (	(102.57	+	81.467)	/	2 )
=	201.169	/	92.0185
=	2.19

World Precision Machinery's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	34.474	/ (	(81.467	+	68.978)	/	2 )
=	34.474	/	75.2225
=	0.46

World Precision Machinery (SGX:B49) 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.

World Precision Machinery Receivables Turnover Related Terms

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World Precision Machinery (SGX:B49) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » World Precision Machinery Ltd (SGX:B49) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

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Address

Picheng Town, Jiangsu Province, Danyang, CHN, 212311

Website

https://www.wpmlimited.com

World Precision Machinery Ltd is engaged in the business of manufacturing conventional stamping machines and metal parts. It manufactures both standard and customized stamping machines. It company has established its sales network and service centers in large and medium-sized cities across the People's Republic of China and its products are even exported to Southeast Asia, Europe, South America, and South Africa. It comprises sales of conventional stamping machines, high-performance and high-tonnage stamping machines, and metal parts and it generates maximum revenue from the High performance and high-tonnage stamping machines.

World Precision Machinery (SGX:B49) Headlines

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