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Synagistics (HKSE:02562) Receivables Turnover : 5.63 (As of Dec. 2024)


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What is Synagistics 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. Synagistics's Revenue for the six months ended in Dec. 2024 was HK$586.3 Mil. Synagistics's average Accounts Receivable for the six months ended in Dec. 2024 was HK$104.1 Mil. Hence, Synagistics's Receivables Turnover for the six months ended in Dec. 2024 was 5.63.

Synagistics Receivables Turnover Historical Data

The historical data trend for Synagistics'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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Synagistics Receivables Turnover Chart

Synagistics Annual Data
Trend Dec22 Dec23 Dec24
Receivables Turnover
- 6.90 5.63

Synagistics Semi-Annual Data
Dec22 Dec23 Dec24
Receivables Turnover - 6.90 5.63

Competitive Comparison of Synagistics's Receivables Turnover

For the Software - Infrastructure subindustry, Synagistics'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.

Synagistics's Receivables Turnover Distribution in the Software Industry

For the Software industry and Technology sector, Synagistics's Receivables Turnover distribution charts can be found below:

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


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Synagistics Receivables Turnover Calculation

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

Synagistics's Receivables Turnover for the fiscal year that ended in Dec. 2024 is calculated as

Receivables Turnover (A: Dec. 2024 )
=Revenue / Average Total Inventories
=Revenue (A: Dec. 2024 ) / ((Accounts Receivable (A: Dec. 2023 ) + Accounts Receivable (A: Dec. 2024 )) / count )
=586.349 / ((99.339 + 108.824) / 2 )
=586.349 / 104.0815
=5.63

Synagistics'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: Dec. 2023 ) + Accounts Receivable (Q: Dec. 2024 )) / count )
=586.349 / ((99.339 + 108.824) / 2 )
=586.349 / 104.0815
=5.63

* 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.

Synagistics  (HKSE:02562) 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.

Synagistics Receivables Turnover Related Terms

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Synagistics Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » Synagistics Ltd (HKSE:02562) » Definitions » Receivables Turnover
Comparable Companies
HKSE:02598 HKSE:02495 HKSE:00856 HKSE:06676 HKSE:02586 HKSE:06608 HKSE:02431 HKSE:02479 HKSE:09923 HKSE:09959 MSFT ORCL PLTR PANW CRWD FTNT SNPS XAMS:ADYEN NET XYZ
Traded in Other Exchanges
N/A
Address
38 Jalan Pemimpin, No. 05-07, M38, Singapore, SGP, 577178
Website
https://www.synagie.com
Synagistics Ltd is the Data-Driven Digital Solutions Platform in Southeast Asia. It provides integrated digital solutions to its brand partners, where (1) under its direct-to-brands (D2B) business model, it provides data-driven digital solutions to the brands covering all aspects of e-commerce, and (2) under its direct-to-consumers (D2C) business model, it sells the brands' products to consumers directly.
Executives
Lee Shieh-peen Clement 2201 Interest of corporation controlled by you
Gobi Ventures Asean 2201 Interest of corporation controlled by you
Extra Shine Limited 2101 Beneficial owner
Tai Ho Yan 2201 Interest of corporation controlled by you
Metadrome Ltd. 2101 Beneficial owner
Wang Chuan-chung 2201 Interest of corporation controlled by you
Taklamakan Holdings Inc. 2201 Interest of corporation controlled by you
Meranti Asean Growth Fund L.p. 2101 Beneficial owner
Chan Tak Lam Norman 2201 Interest of corporation controlled by you
Alibaba Investment Limited 2201 Interest of corporation controlled by you
Alibaba.com Limited 2201 Interest of corporation controlled by you
Alibaba.com Investment Holding Limited 2201 Interest of corporation controlled by you
Alibaba.com International (cayman) Holding Limited 2201 Interest of corporation controlled by you
Alibaba.com Holding Limited 2201 Interest of corporation controlled by you
Alibaba Singapore Holding Private Limited 2101 Beneficial owner

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