Shanghai Turbo Enterprises (SGX:AWM) Receivables Turnover : 0.87 (As of Dec. 2024)

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What is Shanghai Turbo Enterprises 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. Shanghai Turbo Enterprises's Revenue for the three months ended in Dec. 2024 was S$4.38 Mil. Shanghai Turbo Enterprises's average Accounts Receivable for the three months ended in Dec. 2024 was S$5.04 Mil. Hence, Shanghai Turbo Enterprises's Receivables Turnover for the three months ended in Dec. 2024 was 0.87.

Shanghai Turbo Enterprises Receivables Turnover Historical Data

The historical data trend for Shanghai Turbo Enterprises'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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Shanghai Turbo Enterprises Receivables Turnover Chart

Shanghai Turbo Enterprises Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Receivables Turnover

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1.68

2.48

2.50

3.87

3.11

Shanghai Turbo Enterprises Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Receivables Turnover	Get a 7-Day Free Trial															0.58	0.72	0.79	0.83	0.87

Competitive Comparison of Shanghai Turbo Enterprises's Receivables Turnover

For the Specialty Industrial Machinery subindustry, Shanghai Turbo Enterprises'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.

Shanghai Turbo Enterprises's Receivables Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Shanghai Turbo Enterprises's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Shanghai Turbo Enterprises's Receivables Turnover falls into.

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Shanghai Turbo Enterprises Receivables Turnover Calculation

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

Shanghai Turbo Enterprises'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 )
=	15.604	/ (	(0	+	5.015)	/	1 )
=	15.604	/	5.015
=	3.11

Shanghai Turbo Enterprises'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: Sep. 2024 )	+	Accounts Receivable (Q: Dec. 2024 ))	/	count )
=	4.381	/ (	(5.069	+	5.015)	/	2 )
=	4.381	/	5.042
=	0.87

Shanghai Turbo Enterprises (SGX:AWM) 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.

Shanghai Turbo Enterprises Receivables Turnover Related Terms

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Shanghai Turbo Enterprises Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shanghai Turbo Enterprises Ltd (SGX:AWM) » Definitions » Receivables Turnover

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Address

No. 9, Yinghua Road, Zhonglou Economic Development Zone, Jiangsu Province, Changzhou, CHN, 213016

Website

https://www.shanghaiturbo.com

Shanghai Turbo Enterprises Ltd is a precision engineering group that specializes in the production of precision vane products, namely stationary vanes, moving vanes and nozzles. These vanes are the key components of steam turbine generators used for power generation in power plants, power stations and substations. There are also essential components mounted onto steam turbine generators to maximize the efficiency of steam flow in the generation of electricity.

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