Azeus Systems Holdings (SGX:BBW) Receivables Turnover : 2.96 (As of Sep. 2024)

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What is Azeus Systems Holdings 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. Azeus Systems Holdings's Revenue for the six months ended in Sep. 2024 was S$28.16 Mil. Azeus Systems Holdings's average Accounts Receivable for the six months ended in Sep. 2024 was S$9.52 Mil. Hence, Azeus Systems Holdings's Receivables Turnover for the six months ended in Sep. 2024 was 2.96.

Azeus Systems Holdings Receivables Turnover Historical Data

The historical data trend for Azeus Systems Holdings'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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Azeus Systems Holdings Receivables Turnover Chart

Azeus Systems Holdings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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9.92

6.64

7.92

7.14

6.96

Azeus Systems Holdings Semi-Annual Data
	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Receivables Turnover	Get a 7-Day Free Trial															3.38	3.05	2.66	3.61	2.96

Competitive Comparison of Azeus Systems Holdings's Receivables Turnover

For the Information Technology Services subindustry, Azeus Systems Holdings'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.

Azeus Systems Holdings's Receivables Turnover Distribution in the Software Industry

For the Software industry and Technology sector, Azeus Systems Holdings's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Azeus Systems Holdings's Receivables Turnover falls into.

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Azeus Systems Holdings Receivables Turnover Calculation

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

Azeus Systems Holdings's Receivables Turnover for the fiscal year that ended in Mar. 2024 is calculated as

	Receivables Turnover (A: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2024 )	/ (	(Accounts Receivable (A: Mar. 2023 )	+	Accounts Receivable (A: Mar. 2024 ))	/	count )
=	56.373	/ (	(7.487	+	8.711)	/	2 )
=	56.373	/	8.099
=	6.96

Azeus Systems Holdings's Receivables Turnover for the quarter that ended in Sep. 2024 is calculated as

	Receivables Turnover (Q: Sep. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2024 )	/ (	(Accounts Receivable (Q: Mar. 2024 )	+	Accounts Receivable (Q: Sep. 2024 ))	/	count )
=	28.159	/ (	(8.711	+	10.332)	/	2 )
=	28.159	/	9.5215
=	2.96

Azeus Systems Holdings (SGX:BBW) 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.

Azeus Systems Holdings Receivables Turnover Related Terms

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Azeus Systems Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Azeus Systems Holdings Ltd (SGX:BBW) » Definitions » Receivables Turnover

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Address

979 Kings Road, 33rd Floor Cambridge House, Taikoo Place, Quarry Bay, Hong Kong, HKG

Website

https://www.azeus.com

Azeus Systems Holdings Ltd is made up of a group of companies, which are mainly known as IT solutions providers. It is a company that operates mainly in Europe, Asia, the Middle East, Australia, North and South America, Africa, and the Caribbean. It operates through two segments, IT Services and Azeus Product. The IT Service segment includes designing and implementing a broad range of IT software and systems, as well as developing and integrating various software programmes of IT systems to fulfill the outsourcing needs of its customers. Its Product includes developing innovative technologies and solutions such as proprietary products known as AzeusCare an enterprise level social care management system, and Convene an award-winning Board Portal.