I Synergy Group (ASX:IS3) Receivables Turnover : 1.17 (As of Dec. 2023)

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What is I Synergy Group 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. I Synergy Group's Revenue for the six months ended in Dec. 2023 was A$0.50 Mil. I Synergy Group's average Accounts Receivable for the six months ended in Dec. 2023 was A$0.43 Mil. Hence, I Synergy Group's Receivables Turnover for the six months ended in Dec. 2023 was 1.17.

I Synergy Group Receivables Turnover Historical Data

The historical data trend for I Synergy Group'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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I Synergy Group Receivables Turnover Chart

I Synergy Group Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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11.79

11.74

3.90

3.62

2.55

I Synergy Group Semi-Annual Data
	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial									1.91	1.53	2.13	1.28	1.17

Competitive Comparison of I Synergy Group's Receivables Turnover

For the Advertising Agencies subindustry, I Synergy Group'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.

I Synergy Group's Receivables Turnover Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, I Synergy Group's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where I Synergy Group's Receivables Turnover falls into.

I Synergy Group Receivables Turnover Calculation

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

I Synergy Group'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 )
=	1.032	/ (	(0.405	+	0)	/	1 )
=	1.032	/	0.405
=	2.55

I Synergy Group'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 )
=	0.501	/ (	(0.428	+	0)	/	1 )
=	0.501	/	0.428
=	1.17

I Synergy Group (ASX:IS3) 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.

I Synergy Group Receivables Turnover Related Terms

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I Synergy Group (ASX:IS3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » I Synergy Group Ltd (ASX:IS3) » Definitions » Receivables Turnover

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Traded in Other Exchanges

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Address

No. 8 Jalan Kerinchi, Avenue 3 Bangsar South, The Vertical Business Suite, Unit 20-10, Tower A, Kuala Lumpur, SGR, MYS, 59200

Website

https://www.i-synergygroup.com

I Synergy Group Ltd is an investment holding company. Through its subsidiaries, it provides affiliate marketing solutions to advertisers and affiliates. The company operates Affiliate Junction, an affiliate marketing platform that offers performance-based marketing solutions, as well as access to various affiliate programs. Its geographical segments are Malaysia and Indonesia, of which the majority of its revenue comes from Malaysia.

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