Moneymax Financial Services (SGX:5WJ) Receivables Turnover : 0.37 (As of Dec. 2024)

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What is Moneymax Financial Services 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. Moneymax Financial Services's Revenue for the six months ended in Dec. 2024 was S$204.9 Mil. Moneymax Financial Services's average Accounts Receivable for the six months ended in Dec. 2024 was S$553.5 Mil. Hence, Moneymax Financial Services's Receivables Turnover for the six months ended in Dec. 2024 was 0.37.

Moneymax Financial Services Receivables Turnover Historical Data

The historical data trend for Moneymax Financial Services'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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Moneymax Financial Services Receivables Turnover Chart

Moneymax Financial Services Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Receivables Turnover

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0.90

0.83

0.87

0.75

0.76

Moneymax Financial Services Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Receivables Turnover	Get a 7-Day Free Trial															0.39	0.38	0.39	0.39	0.37

Competitive Comparison of Moneymax Financial Services's Receivables Turnover

For the Specialty Retail subindustry, Moneymax Financial Services'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.

Moneymax Financial Services's Receivables Turnover Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Moneymax Financial Services's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Moneymax Financial Services's Receivables Turnover falls into.

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Moneymax Financial Services Receivables Turnover Calculation

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

Moneymax Financial Services's Receivables Turnover for the fiscal year that ended in Dec. 2024 is calculated as

	Receivables Turnover (A: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2024 )	/ (	(Accounts Receivable (A: Dec. 2023 )	+	Accounts Receivable (A: Dec. 2024 ))	/	count )
=	390.068	/ (	(438.382	+	594.741)	/	2 )
=	390.068	/	516.5615
=	0.76

Moneymax Financial Services's Receivables Turnover for the quarter that ended in Dec. 2024 is calculated as

	Receivables Turnover (Q: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2024 )	/ (	(Accounts Receivable (Q: Jun. 2024 )	+	Accounts Receivable (Q: Dec. 2024 ))	/	count )
=	204.899	/ (	(512.178	+	594.741)	/	2 )
=	204.899	/	553.4595
=	0.37

Moneymax Financial Services (SGX:5WJ) 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.

Moneymax Financial Services Receivables Turnover Related Terms

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Moneymax Financial Services Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Moneymax Financial Services Ltd (SGX:5WJ) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

7 Changi Business Park Vista, No. 01-01, SOOKEE HQ, Singapore, SGP, 486042

Website

https://www.moneymax.com.sg

Moneymax Financial Services Ltd is an investment holding company. The company's business segments are Pawnbroking, Retail trading of pre-owned luxury items and Secured Lending. It operates an online platform for shopping, MoneyMax Online, as well as pre-owned luxury retail outlet. The company operates a pawnbroking chain to offer an online platform to shop, sell and appraise their valuables. Its geographical segments are Singapore and Malaysia, of which the vast majority of its revenue comes from Singapore.

Moneymax Financial Services Headlines

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