ICP (SGX:5I4) Receivables Turnover : 4.36 (As of Dec. 2023)

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What is ICP 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. ICP's Revenue for the six months ended in Dec. 2023 was S$6.07 Mil. ICP's average Accounts Receivable for the six months ended in Dec. 2023 was S$1.39 Mil. Hence, ICP's Receivables Turnover for the six months ended in Dec. 2023 was 4.36.

ICP Receivables Turnover Historical Data

The historical data trend for ICP'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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ICP Receivables Turnover Chart

ICP Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Receivables Turnover

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7.58

6.59

3.87

4.33

7.99

ICP Semi-Annual Data
	Jun14	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															1.70	1.65	3.16	3.35	4.36

Competitive Comparison of ICP's Receivables Turnover

For the Lodging subindustry, ICP'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.

ICP's Receivables Turnover Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, ICP's Receivables Turnover distribution charts can be found below:

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

ICP Receivables Turnover Calculation

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

ICP's Receivables Turnover for the fiscal year that ended in Jun. 2023 is calculated as

	Receivables Turnover (A: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jun. 2023 )	/ (	(Accounts Receivable (A: Jun. 2022 )	+	Accounts Receivable (A: Jun. 2023 ))	/	count )
=	9.984	/ (	(1.23	+	1.268)	/	2 )
=	9.984	/	1.249
=	7.99

ICP'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 )
=	6.071	/ (	(1.268	+	1.515)	/	2 )
=	6.071	/	1.3915
=	4.36

ICP (SGX:5I4) 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.

ICP Receivables Turnover Related Terms

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ICP (SGX:5I4) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » ICP Ltd (SGX:5I4) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

GD1M:Germany

Address

23-01, 6 Temasek Boulevard, Suntec Tower Four, Singapore, SGP, 038986

Website

https://www.icp.com.sg

ICP Ltd is an investment holding and management company. The business of the company is involved in segments that include Vessels Chartering; which charters vessels, Hospitality; which provides hotel management consultancy services, and Investment Holding; which includes investment and management activities. The Hospitality business segment generates maximum revenue for the company. Geographically the company exports its product to Signapore, Japan, Thailand, Hong Kong, Malaysia, Korea and other regions. Its Hospitality segment operates under the brand name Travelodge.

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