Sunshine Holdings (COL:SUN.N0000) Receivables Turnover : 1.26 (As of Dec. 2024)

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What is Sunshine 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. Sunshine Holdings's Revenue for the three months ended in Dec. 2024 was රු15,134 Mil. Sunshine Holdings's average Accounts Receivable for the three months ended in Dec. 2024 was රු12,056 Mil. Hence, Sunshine Holdings's Receivables Turnover for the three months ended in Dec. 2024 was 1.26.

Sunshine Holdings Receivables Turnover Historical Data

The historical data trend for Sunshine 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.

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Sunshine Holdings Receivables Turnover Chart

Sunshine Holdings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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7.70

7.23

8.31

10.22

8.14

Sunshine Holdings Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Receivables Turnover	Get a 7-Day Free Trial															1.31	1.37	1.35	1.21	1.26

Competitive Comparison of Sunshine Holdings's Receivables Turnover

For the Conglomerates subindustry, Sunshine 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.

Sunshine Holdings's Receivables Turnover Distribution in the Conglomerates Industry

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

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

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Sunshine Holdings Receivables Turnover Calculation

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

Sunshine Holdings's Receivables Turnover for the fiscal year that ended in Mar. 2024 is calculated as

	Receivables Turnover (A: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2024 )	/ (	(Accounts Receivable (A: Mar. 2023 )	+	Accounts Receivable (A: Mar. 2024 ))	/	count )
=	55533.886	/ (	(6066.221	+	7576.201)	/	2 )
=	55533.886	/	6821.211
=	8.14

Sunshine Holdings's Receivables Turnover for the quarter that ended in Dec. 2024 is calculated as

	Receivables Turnover (Q: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2024 )	/ (	(Accounts Receivable (Q: Sep. 2024 )	+	Accounts Receivable (Q: Dec. 2024 ))	/	count )
=	15133.657	/ (	(12617.367	+	11495.524)	/	2 )
=	15133.657	/	12056.4455
=	1.26

Sunshine Holdings (COL:SUN.N0000) 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.

Sunshine Holdings Receivables Turnover Related Terms

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Sunshine Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Sunshine Holdings PLC (COL:SUN.N0000) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

Number 60, Dharmapala Mawatha, Colombo, LKA, 03

Website

https://www.sunshineholdings.lk

Sunshine Holdings PLC, through its subsidiaries, mainly operates in the following segments: Healthcare, Agribusiness, Consumer Goods, Investment, Energy, Rental business, and Management service. The maximum revenue for the company is generated from the healthcare segment which is engaged in manufacturing, importing, and marketing pharmaceuticals, nutraceuticals, medical diagnostic equipment, and surgical products The company's geographical segments include Sri Lanka, China, Singapore, Japan, and other countries, out of which the majority of the revenue is generated from Sri Lanka.

Sunshine Holdings Headlines

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