Ocean Sky International (SGX:1B6) Receivables Turnover : 1.49 (As of Dec. 2024)

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What is Ocean Sky International 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. Ocean Sky International's Revenue for the six months ended in Dec. 2024 was S$16.37 Mil. Ocean Sky International's average Accounts Receivable for the six months ended in Dec. 2024 was S$10.98 Mil. Hence, Ocean Sky International's Receivables Turnover for the six months ended in Dec. 2024 was 1.49.

Ocean Sky International Receivables Turnover Historical Data

The historical data trend for Ocean Sky International'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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Ocean Sky International Receivables Turnover Chart

Ocean Sky International Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Receivables Turnover

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2.46

3.21

3.76

3.56

2.99

Ocean Sky International Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Receivables Turnover	Get a 7-Day Free Trial															1.68	1.28	1.12	1.40	1.49

Competitive Comparison of Ocean Sky International's Receivables Turnover

For the Engineering & Construction subindustry, Ocean Sky International'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.

Ocean Sky International's Receivables Turnover Distribution in the Construction Industry

For the Construction industry and Industrials sector, Ocean Sky International's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Ocean Sky International's Receivables Turnover falls into.

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Ocean Sky International Receivables Turnover Calculation

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

Ocean Sky International'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 )
=	30.327	/ (	(9.104	+	11.167)	/	2 )
=	30.327	/	10.1355
=	2.99

Ocean Sky International'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: Jun. 2024 )	+	Accounts Receivable (Q: Dec. 2024 ))	/	count )
=	16.368	/ (	(10.795	+	11.167)	/	2 )
=	16.368	/	10.981
=	1.49

Ocean Sky International (SGX:1B6) 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.

Ocean Sky International Receivables Turnover Related Terms

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Ocean Sky International Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Ocean Sky International Ltd (SGX:1B6) » Definitions » Receivables Turnover

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O3S1:Germany

Address

29 Tuas South Street 1, Singapore, SGP, 638036

Website

https://www.oceanskyintl.com

Ocean Sky International Ltd is an investment holding company engages in civil engineering, construction, and related services businesses. It operates through the Construction segment, and Property segment. The Construction segment which contributes the majority of revenue involved in the business of building and civil engineering contractors. The property segment is in the business of leasing of properties and developing of properties. The company offers engineering services, such as earthwork, roadwork, drainage work, basement work, and structural works comprising demolition and underground infrastructure works, as well as other general building works.

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