Karin Technology Holdings (SGX:K29) Receivables Turnover : 2.50 (As of Dec. 2023)

View and export this data going back to 2005. Start your Free Trial

What is Karin Technology Holdings 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. Karin Technology Holdings's Revenue for the six months ended in Dec. 2023 was S$199.5 Mil. Karin Technology Holdings's average Accounts Receivable for the six months ended in Dec. 2023 was S$79.7 Mil. Hence, Karin Technology Holdings's Receivables Turnover for the six months ended in Dec. 2023 was 2.50.

Karin Technology Holdings Receivables Turnover Historical Data

The historical data trend for Karin Technology Holdings'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.

* Premium members only.

Karin Technology Holdings Receivables Turnover Chart

Karin Technology Holdings Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Receivables Turnover

Get a 7-Day Free Trial

4.47

5.00

4.85

4.63

4.77

Karin Technology Holdings 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															2.36	1.93	2.55	2.00	2.50

Competitive Comparison of Karin Technology Holdings's Receivables Turnover

For the Conglomerates subindustry, Karin Technology Holdings'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.

Karin Technology Holdings's Receivables Turnover Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Karin Technology Holdings's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Karin Technology Holdings's Receivables Turnover falls into.

Karin Technology Holdings Receivables Turnover Calculation

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

Karin Technology Holdings's Receivables Turnover for the fiscal year that ended in Jun. 2023 is calculated as

	Receivables Turnover (A: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jun. 2023 )	/ (	(Accounts Receivable (A: Jun. 2022 )	+	Accounts Receivable (A: Jun. 2023 ))	/	count )
=	350.535	/ (	(77.581	+	69.433)	/	2 )
=	350.535	/	73.507
=	4.77

Karin Technology Holdings'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 )
=	199.456	/ (	(69.433	+	89.888)	/	2 )
=	199.456	/	79.6605
=	2.50

Karin Technology Holdings (SGX:K29) 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.

Karin Technology Holdings Receivables Turnover Related Terms

Thank you for viewing the detailed overview of Karin Technology Holdings's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Karin Technology Holdings (SGX:K29) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Karin Technology Holdings Ltd (SGX:K29) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

183 Wai Yip Street, 9th Floor, The Whitney, Kwun Tong, Kowloon, Hong Kong, HKG

Website

https://www.karingroup.com

Karin Technology Holdings Ltd is an investment holding company. Its operating segment includes Components Distribution; IT Infrastructure and Consumer Electronics Products. It generates maximum revenue from the IT Infrastructure segment which is engaged in the provision of computer data storage management solutions and services. The Components Distribution segment engages in the distribution and trading of electronic components and cables. Its Consumer Electronics Products segment engages in the distribution and retailing of consumer electronics products. Geographically, it derives a majority of revenue from Hong Kong and also has a presence in Mainland China and Other Countries.

Karin Technology Holdings (SGX:K29) Headlines

No Headlines