Advancer Global (SGX:43Q) Receivables Turnover : 2.67 (As of Dec. 2023)

View and export this data going back to 2016. Start your Free Trial

What is Advancer Global 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. Advancer Global's Revenue for the six months ended in Dec. 2023 was S$33.70 Mil. Advancer Global's average Accounts Receivable for the six months ended in Dec. 2023 was S$12.60 Mil. Hence, Advancer Global's Receivables Turnover for the six months ended in Dec. 2023 was 2.67.

Advancer Global Receivables Turnover Historical Data

The historical data trend for Advancer Global'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.

* Premium members only.

Advancer Global Receivables Turnover Chart

Advancer Global Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

Get a 7-Day Free Trial

6.19

4.82

5.65

5.21

4.38

Advancer Global Semi-Annual Data
	Dec13	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															2.32	2.58	2.17	2.57	2.67

Competitive Comparison of Advancer Global's Receivables Turnover

For the Staffing & Employment Services subindustry, Advancer Global'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.

Advancer Global's Receivables Turnover Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Advancer Global's Receivables Turnover distribution charts can be found below:

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

Advancer Global Receivables Turnover Calculation

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

Advancer Global'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 )
=	65.081	/ (	(14.46	+	15.281)	/	2 )
=	65.081	/	14.8705
=	4.38

Advancer Global's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Jun. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	33.695	/ (	(9.924	+	15.281)	/	2 )
=	33.695	/	12.6025
=	2.67

Advancer Global (SGX:43Q) 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.

Advancer Global Receivables Turnover Related Terms

Thank you for viewing the detailed overview of Advancer Global's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Advancer Global (SGX:43Q) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Advancer Global Ltd (SGX:43Q) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

135 Jurong Gateway Road, Number 05-317, Singapore, SGP, 600135

Website

https://www.advancer.sg

Advancer Global Ltd is engaged in providing employment services, facilities management services, and security services. The company operates in three business segment that is Employment Services Business, which provide services for the sourcing, employment and training of FDWs to households, Building Management Services, which provides integrated building facility management services including property consultancy, property and facilities management services, property valuation, and Security Services Business, which provide manpower and technology for security solutions and services to, amongst others, commercial, industrial and residential properties. The Building Management Services Segment generates maximum revenue for the company.

Advancer Global (SGX:43Q) Headlines

No Headlines