Anacle Systems (HKSE:08353) Receivables Turnover : 1.91 (As of Nov. 2023)

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What is Anacle Systems 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. Anacle Systems's Revenue for the three months ended in Nov. 2023 was HK$33.2 Mil. Anacle Systems's average Accounts Receivable for the three months ended in Nov. 2023 was HK$17.4 Mil. Hence, Anacle Systems's Receivables Turnover for the three months ended in Nov. 2023 was 1.91.

Anacle Systems Receivables Turnover Historical Data

The historical data trend for Anacle Systems'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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Anacle Systems Receivables Turnover Chart

Anacle Systems Annual Data

Trend

May15

May16

May17

May18

May19

May20

May21

May22

May23

Receivables Turnover

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2.71

3.35

3.30

4.00

5.77

Anacle Systems Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Receivables Turnover	Get a 7-Day Free Trial															2.10	1.83	1.21	1.91	2.14

Competitive Comparison of Anacle Systems's Receivables Turnover

For the Software - Application subindustry, Anacle Systems'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.

Anacle Systems's Receivables Turnover Distribution in the Software Industry

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

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

Anacle Systems Receivables Turnover Calculation

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

Anacle Systems's Receivables Turnover for the fiscal year that ended in May. 2023 is calculated as

	Receivables Turnover (A: May. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: May. 2023 )	/ (	(Accounts Receivable (A: May. 2022 )	+	Accounts Receivable (A: May. 2023 ))	/	count )
=	139.252	/ (	(22.028	+	26.23)	/	2 )
=	139.252	/	24.129
=	5.77

Anacle Systems's Receivables Turnover for the quarter that ended in Nov. 2023 is calculated as

	Receivables Turnover (Q: Nov. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Nov. 2023 )	/ (	(Accounts Receivable (Q: Aug. 2023 )	+	Accounts Receivable (Q: Nov. 2023 ))	/	count )
=	33.23	/ (	(0	+	17.354)	/	1 )
=	33.23	/	17.354
=	1.91

Anacle Systems (HKSE:08353) 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.

Anacle Systems Receivables Turnover Related Terms

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Anacle Systems (HKSE:08353) Business Description

Industry

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Address

3 Fusionopolis Way, No. 14-21 Symbiosis, Singapore, SGP, 138633

Website

https://www.anacle.com

Anacle Systems Ltd is a Singapore-based company engaged in software development. It has three operating segments. Simplicity and MyBill segment, which is the key revenue driver, provides specific solutions for enterprise asset management, shared resources management, tenancy management, financial management, supply chain management, customer relationship management and billing management; Starlight segment provides all-time access to the energy profiles of buildings, including information such as energy consumption, power quality, energy analytics, and carbon footprint profiles; and SpaceMonster segment provides an online venue booking platform. Its geographical segments include Singapore, Malaysia, Thailand, China and others, of which the majority of the revenue comes from Singapore.

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