Marco Polo Marine (SGX:5LY) Receivables Turnover : 2.71 (As of Mar. 2024)

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What is Marco Polo Marine 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. Marco Polo Marine's Revenue for the six months ended in Mar. 2024 was S$61.6 Mil. Marco Polo Marine's average Accounts Receivable for the six months ended in Mar. 2024 was S$22.7 Mil. Hence, Marco Polo Marine's Receivables Turnover for the six months ended in Mar. 2024 was 2.71.

Marco Polo Marine Receivables Turnover Historical Data

The historical data trend for Marco Polo Marine'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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Marco Polo Marine Receivables Turnover Chart

Marco Polo Marine Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Receivables Turnover

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3.60

3.03

4.62

5.86

6.33

Marco Polo Marine Semi-Annual Data
	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															1.94	3.45	2.62	2.95	2.71

Competitive Comparison of Marco Polo Marine's Receivables Turnover

For the Marine Shipping subindustry, Marco Polo Marine'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.

Marco Polo Marine's Receivables Turnover Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Marco Polo Marine's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Marco Polo Marine's Receivables Turnover falls into.

Marco Polo Marine Receivables Turnover Calculation

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

Marco Polo Marine's Receivables Turnover for the fiscal year that ended in Sep. 2023 is calculated as

	Receivables Turnover (A: Sep. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Sep. 2023 )	/ (	(Accounts Receivable (A: Sep. 2022 )	+	Accounts Receivable (A: Sep. 2023 ))	/	count )
=	127.126	/ (	(17.357	+	22.84)	/	2 )
=	127.126	/	20.0985
=	6.33

Marco Polo Marine's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Sep. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	61.571	/ (	(22.84	+	22.573)	/	2 )
=	61.571	/	22.7065
=	2.71

Marco Polo Marine (SGX:5LY) 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.

Marco Polo Marine Receivables Turnover Related Terms

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Marco Polo Marine (SGX:5LY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Marco Polo Marine Ltd (SGX:5LY) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

MRPMF:USA

Address

66 Kallang Pudding Road, No.05-01 Hor Kew Business Centre, Singapore, SGP, 349324

Website

https://www.marcopolomarine.com.sg

Marco Polo Marine Ltd is a Singapore-based integrated marine logistics company. It is principally engaged in the shipping and shipyard businesses. The company's business segments include Ship chartering services, which relate to charter hire activities; and Shipbuilding & repair services, which relates to sales of goods, shipbuilding and ship repair activities. It generates maximum revenue from Ship chartering services segment. The company operates internationally and generates the majority of its revenue from its activities in Singapore.

Marco Polo Marine (SGX:5LY) Headlines

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