Pollux Properties (SGX:5AE) Receivables Turnover : 14.96 (As of Jun. 2023)

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What is Pollux 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. Pollux Properties's Revenue for the six months ended in Jun. 2023 was S$6.67 Mil. Pollux Properties's average Accounts Receivable for the six months ended in Jun. 2023 was S$0.45 Mil. Hence, Pollux Properties's Receivables Turnover for the six months ended in Jun. 2023 was 14.96.

Pollux Properties Receivables Turnover Historical Data

The historical data trend for Pollux 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.

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Pollux Properties Receivables Turnover Chart

Pollux Properties Annual Data

Trend

Mar13

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Dec21

Dec22

Receivables Turnover

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154.58

175.95

165.49

24.60

19.38

Pollux Properties Semi-Annual Data
	Sep13	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Jun21	Dec21	Jun22	Dec22	Jun23
Receivables Turnover	Get a 7-Day Free Trial															19.03	8.96	8.58	9.00	14.96

Competitive Comparison of Pollux Properties's Receivables Turnover

For the Real Estate Services subindustry, Pollux 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.

Pollux Properties's Receivables Turnover Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Pollux Properties's Receivables Turnover distribution charts can be found below:

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

Pollux Properties Receivables Turnover Calculation

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

Pollux Properties's Receivables Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Receivables Turnover (A: Dec. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2022 )	/ (	(Accounts Receivable (A: Dec. 2021 )	+	Accounts Receivable (A: Dec. 2022 ))	/	count )
=	13.795	/ (	(0.632	+	0.792)	/	2 )
=	13.795	/	0.712
=	19.38

Pollux Properties's Receivables Turnover for the quarter that ended in Jun. 2023 is calculated as

	Receivables Turnover (Q: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2023 )	/ (	(Accounts Receivable (Q: Dec. 2022 )	+	Accounts Receivable (Q: Jun. 2023 ))	/	count )
=	6.671	/ (	(0.792	+	0.1)	/	2 )
=	6.671	/	0.446
=	14.96

Pollux Properties (SGX:5AE) 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.

Pollux Properties Receivables Turnover Related Terms

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Pollux Properties (SGX:5AE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Pollux Properties Ltd (SGX:5AE) » Definitions » Receivables Turnover

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Traded in Other Exchanges

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Address

554 Havelock Road, Singapore, SGP, 169639

Website

https://www.pollux.com.sg

Pollux Properties Ltd is a property developer in Singapore focusing on the development of residential and commercial properties. The company is engaged in the business of developing premium real estate projects. The company operates through five segments: The Property Development segment, which is involved in the acquisition and development of properties for sale; The Property Investment segment, which is involved in renting properties and operating a serviced apartment; The Corporate segment, which is involved in corporate services and investments. The Fund Management segment is involved in providing management and advisory services and Hotel Operations. The company generates the majority of its revenue from the Property Investment segment.

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