Asia Power (SGX:A03) Receivables Turnover : 2.34 (As of Sep. 2013)

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What is Asia Power 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. Asia Power's Revenue for the three months ended in Sep. 2013 was S$8.27 Mil. Asia Power's average Accounts Receivable for the three months ended in Sep. 2013 was S$3.53 Mil. Hence, Asia Power's Receivables Turnover for the three months ended in Sep. 2013 was 2.34.

Asia Power Receivables Turnover Historical Data

The historical data trend for Asia Power'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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Asia Power Receivables Turnover Chart

Asia Power Annual Data

Trend

Jun03

Dec04

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Receivables Turnover

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6.43

5.76

6.61

3.81

4.32

Asia Power Quarterly Data
	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13
Receivables Turnover	Get a 7-Day Free Trial										0.50	1.79	1.14	1.57	2.34

Competitive Comparison of Asia Power's Receivables Turnover

For the Utilities - Independent Power Producers subindustry, Asia Power'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.

Asia Power's Receivables Turnover Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Asia Power's Receivables Turnover distribution charts can be found below:

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

Asia Power Receivables Turnover Calculation

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

Asia Power's Receivables Turnover for the fiscal year that ended in Dec. 2012 is calculated as

	Receivables Turnover (A: Dec. 2012 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2012 )	/ (	(Accounts Receivable (A: Dec. 2011 )	+	Accounts Receivable (A: Dec. 2012 ))	/	count )
=	30.53	/ (	(8.117	+	6.018)	/	2 )
=	30.53	/	7.0675
=	4.32

Asia Power's Receivables Turnover for the quarter that ended in Sep. 2013 is calculated as

	Receivables Turnover (Q: Sep. 2013 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2013 )	/ (	(Accounts Receivable (Q: Jun. 2013 )	+	Accounts Receivable (Q: Sep. 2013 ))	/	count )
=	8.273	/ (	(3.475	+	3.594)	/	2 )
=	8.273	/	3.5345
=	2.34

Asia Power (SGX:A03) 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.

Asia Power Receivables Turnover Related Terms

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Asia Power (SGX:A03) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Asia Power Corp Ltd (SGX:A03) » Definitions » Receivables Turnover

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Address

Website

http://www.asiapower.com.sg

Asia Power Corporation Limited is incorporated in Singapore. The Company is engaged in the business of ownership, management and operation of power plants in China. The Company operates under the following segments: Power plant operations which include owning, managing and operating power plants to generate and sell power, heat and steam; Power-related technology which includes design, manufacture and assembly of computerized automation systems which are used for the regulation of electricity flow and protection of power grids; Investment holding and others which include Holding of long-term investments and provision of power related business consultancy and management services.

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