LHN Logistics (SGX:GIH) Receivables Turnover : 2.52 (As of Mar. 2023)

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What is LHN Logistics 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. LHN Logistics's Revenue for the six months ended in Mar. 2023 was S$12.74 Mil. LHN Logistics's average Accounts Receivable for the six months ended in Mar. 2023 was S$5.06 Mil. Hence, LHN Logistics's Receivables Turnover for the six months ended in Mar. 2023 was 2.52.

LHN Logistics Receivables Turnover Historical Data

The historical data trend for LHN Logistics'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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LHN Logistics Receivables Turnover Chart

LHN Logistics Annual Data

Trend

Sep19

Sep20

Sep21

Sep22

Receivables Turnover

5.39

5.63

6.19

5.85

LHN Logistics Semi-Annual Data
	Sep19	Sep20	Sep21	Mar22	Sep22	Mar23
Receivables Turnover	Get a 7-Day Free Trial			-	-	3.05	2.81	2.52

Competitive Comparison of LHN Logistics's Receivables Turnover

For the Integrated Freight & Logistics subindustry, LHN Logistics'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.

LHN Logistics's Receivables Turnover Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, LHN Logistics's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where LHN Logistics's Receivables Turnover falls into.

LHN Logistics Receivables Turnover Calculation

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

LHN Logistics's Receivables Turnover for the fiscal year that ended in Sep. 2022 is calculated as

	Receivables Turnover (A: Sep. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Sep. 2022 )	/ (	(Accounts Receivable (A: Sep. 2021 )	+	Accounts Receivable (A: Sep. 2022 ))	/	count )
=	27.32	/ (	(4.453	+	4.895)	/	2 )
=	27.32	/	4.674
=	5.85

LHN Logistics's Receivables Turnover for the quarter that ended in Mar. 2023 is calculated as

	Receivables Turnover (Q: Mar. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2023 )	/ (	(Accounts Receivable (Q: Sep. 2022 )	+	Accounts Receivable (Q: Mar. 2023 ))	/	count )
=	12.735	/ (	(4.895	+	5.23)	/	2 )
=	12.735	/	5.0625
=	2.52

LHN Logistics (SGX:GIH) 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.

LHN Logistics Receivables Turnover Related Terms

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LHN Logistics (SGX:GIH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » LHN Logistics Ltd (SGX:GIH) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

10 Raeburn Park No. 02-15B, Singapore, SGP, 088702

Website

https://www.lhnlogistics.com

LHN Logistics Ltd is a logistics services group with two principal business segments, namely, transportation and container depot services. Geographically it derives a majority of its revenue from Singapore.

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