SIIC Environment Holdings (FRA:A9W1) Receivables Turnover : 0.32 (As of Sep. 2024)

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What is SIIC Environment 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. SIIC Environment Holdings's Revenue for the three months ended in Sep. 2024 was €248.2 Mil. SIIC Environment Holdings's average Accounts Receivable for the three months ended in Sep. 2024 was €784.0 Mil. Hence, SIIC Environment Holdings's Receivables Turnover for the three months ended in Sep. 2024 was 0.32.

SIIC Environment Holdings Receivables Turnover Historical Data

The historical data trend for SIIC Environment 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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SIIC Environment Holdings Receivables Turnover Chart

SIIC Environment Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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3.76

3.41

2.77

1.98

SIIC Environment Holdings Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Receivables Turnover	Get a 7-Day Free Trial															0.45	0.26	0.34	0.30	0.32

Competitive Comparison of SIIC Environment Holdings's Receivables Turnover

For the Utilities - Regulated Water subindustry, SIIC Environment 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.

SIIC Environment Holdings's Receivables Turnover Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, SIIC Environment Holdings's Receivables Turnover distribution charts can be found below:

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

SIIC Environment Holdings Receivables Turnover Calculation

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

SIIC Environment Holdings'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 )
=	972.57	/ (	(465.513	+	516.173)	/	2 )
=	972.57	/	490.843
=	1.98

SIIC Environment Holdings's Receivables Turnover for the quarter that ended in Sep. 2024 is calculated as

	Receivables Turnover (Q: Sep. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2024 )	/ (	(Accounts Receivable (Q: Jun. 2024 )	+	Accounts Receivable (Q: Sep. 2024 ))	/	count )
=	248.181	/ (	(754.029	+	813.913)	/	2 )
=	248.181	/	783.971
=	0.32

SIIC Environment Holdings (FRA:A9W1) 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.

SIIC Environment Holdings Receivables Turnover Related Terms

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SIIC Environment Holdings Business Description

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BHK:Singapore 00807:Hong Kong

Address

One Temasek Avenue, No. 37-02 Millenia Tower, Singapore, SGP, 039192

Website

http://www.siicenv.com

SIIC Environment Holdings Ltd operates in water treatment, solid waste treatment, and other environment-related businesses. It designs and constructs water treatment systems and plants for private and public clients. In addition, the company constructs and operates water-related infrastructure under service concession arrangements that can last decades. Some projects are financed, built, and transferred to an external party at the end of the concession period. SIIC Environment has three operating segments; Water and Sludge Treatment (majority of total revenue), water supply and waste incineration. Activities related to waste incineration are granted under concession arrangements, and must meet a specified level of serviceability. The company operates in China.

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