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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. Spindex Industries's Revenue for the
six
months ended in Jun. 2025 was S$88.7 Mil. Spindex Industries's average Accounts Receivable for the
six
months ended in Jun. 2025 was S$43.1 Mil.
Hence, Spindex Industries's Receivables Turnover for the
six
months ended in Jun. 2025 was 2.06.
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.
Spindex Industries Receivables Turnover Related Terms
Spindex Industries Receivables Turnover Historical Data
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The historical data trend for Spindex Industries'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.
SGX:564 vs SNA, RBC, LECO: Receivables Turnover Comparison
For the Tools & Accessories subindustry, Spindex Industries'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.
Spindex Industries Receivables Turnover vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Spindex Industries's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Spindex Industries's Receivables Turnover falls into.
* 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.
Spindex Industries (SGX:564) has a Receivables Turnover of 2.06 as of Jun. 2025. The accounts 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. View historical data on Spindex Industries and its competitors.
Is Spindex Industries' Receivables Turnover too high?
Spindex Industries' current Receivables Turnover is 2.06. The Industrial Products industry median Receivables Turnover is 4.51. Spindex Industries' value of 2.06 is 54.3% below this industry median. Overall, Spindex Industries has a GF Score™ of 68/100, reflecting its overall financial health beyond just this single metric.
How does Spindex Industries' Receivables Turnover compare to SNA and RBC?
Spindex Industries' Receivables Turnover of 2.06 can be compared against companies in the Industrial Products industry. The industry median Receivables Turnover is 4.51. Spindex Industries' value of 2.06 is 54.3% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Receivables Turnover for an Industrial Products company?
The median Receivables Turnover among Industrial Products companies is 4.51, based on 3,042 companies in the industry. Companies in the top quartile (top 25%) have a Receivables Turnover significantly above this median, while those in the bottom quartile fall well below. However, Receivables Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Spindex Industries's current Receivables Turnover of 2.06 is 54.3% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Receivables Turnover mean?
A high Receivables Turnover can signal that a stock is expensive relative to its fundamentals. The accounts 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. View historical data on Spindex Industries and its competitors. For the Industrial Products industry, the median Receivables Turnover is 4.51 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Spindex Industries's current Receivables Turnover is 2.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Spindex Industries stock overvalued right now?
Spindex Industries (SGX:564) has a current Receivables Turnover of 2.06. The stock's GF Value™ is S$0.88, compared to a current price of S$1.42 — trading 61.4% above its estimated fair value. The current Receivables Turnover is 2.06 and 54.3% below the Industrial Products industry median of 4.51. Spindex Industries' overall GF Score™ is 68/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Receivables Turnover calculated?
Receivables Turnover is calculated from a company's financial statements. For Spindex Industries (SGX:564), the current Receivables Turnover is 2.06 as of Jun. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Spindex Industries (SGX:564) Overvalued in 2026?
Based on GuruFocus' analysis, Spindex Industries stock appears to be overvalued.
The current stock price of S$1.42 is trading 61.4% above its estimated GF Value™ of S$0.88.
Key valuation signals for SGX:564:
Receivables Turnover: 2.06
GF Value™: S$0.88 vs. price of S$1.42 (61.4% above fair value)
Industry Position: 54.3% below the Industrial Products median
No single metric tells the full story. See the SGX:564 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Spindex Industries Ltd is a manufacturer, importer, exporter, and dealer of mechanical, electrical, and electronic parts. The company's operating segment includes Imaging and printing; Machinery and automotive systems; and Consumer product and others. It generates maximum revenue from the Machinery and automotive systems segment. Geographically, it derives a majority of its revenue from the USA, Europe and others and also has a presence in Singapore; ASEAN, and China.
68GF Score
Get the complete analysis for SGX:564
Receivables Turnover is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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