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Second Chance Properties (SGX:528) Receivables Turnover : 50.27 (As of Feb. 2024)


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What is Second Chance Properties 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. Second Chance Properties's Revenue for the six months ended in Feb. 2024 was S$13.30 Mil. Second Chance Properties's average Accounts Receivable for the six months ended in Feb. 2024 was S$0.26 Mil. Hence, Second Chance Properties's Receivables Turnover for the six months ended in Feb. 2024 was 50.27.


Second Chance Properties Receivables Turnover Historical Data

The historical data trend for Second Chance Properties'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.

Second Chance Properties Receivables Turnover Chart

Second Chance Properties Annual Data
Trend Aug14 Aug15 Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 97.97 68.05 105.13 238.86 165.31

Second Chance Properties Semi-Annual Data
Aug14 Feb15 Aug15 Feb16 Aug16 Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23 Feb24
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 72.43 281.25 257.97 105.34 50.27

Competitive Comparison of Second Chance Properties's Receivables Turnover

For the Luxury Goods subindustry, Second Chance Properties'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.


Second Chance Properties's Receivables Turnover Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Second Chance Properties's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Second Chance Properties's Receivables Turnover falls into.



Second Chance Properties Receivables Turnover Calculation

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

Second Chance Properties's Receivables Turnover for the fiscal year that ended in Aug. 2023 is calculated as

Receivables Turnover (A: Aug. 2023 )
=Revenue / Average Total Inventories
=Revenue (A: Aug. 2023 ) / ((Accounts Receivable (A: Aug. 2022 ) + Accounts Receivable (A: Aug. 2023 )) / count )
=41.906 / ((0.054 + 0.453) / 2 )
=41.906 / 0.2535
=165.31

Second Chance Properties's Receivables Turnover for the quarter that ended in Feb. 2024 is calculated as

Receivables Turnover (Q: Feb. 2024 )
=Revenue / Average Total Inventories
=Revenue (Q: Feb. 2024 ) / ((Accounts Receivable (Q: Aug. 2023 ) + Accounts Receivable (Q: Feb. 2024 )) / count )
=13.296 / ((0.453 + 0.076) / 2 )
=13.296 / 0.2645
=50.27

* 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.


Second Chance Properties  (SGX:528) 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.


Second Chance Properties Receivables Turnover Related Terms

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Second Chance Properties (SGX:528) Business Description

Traded in Other Exchanges
N/A
Address
60 Paya Lebar Road, No. 07-20 Paya Lebar Square, Singapore, SGP, 409051
Second Chance Properties Ltd is a Singapore-based investment holding company, retailing of readymade garments, holding of property as investment for rental income and investing in securities. The company operates in four segments: Wearing apparel; Gold & jewelry, which is the key revenue generator; Investment dealing; and Property rental. Its geographical segments include Singapore and Malaysia, of which the vast majority of the revenue comes from Singapore.

Second Chance Properties (SGX:528) Headlines

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