Travelite Holdings (SGX:BCZ) Receivables Turnover : 2.76 (As of Sep. 2024)

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What is Travelite 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. Travelite Holdings's Revenue for the six months ended in Sep. 2024 was S$16.67 Mil. Travelite Holdings's average Accounts Receivable for the six months ended in Sep. 2024 was S$6.05 Mil. Hence, Travelite Holdings's Receivables Turnover for the six months ended in Sep. 2024 was 2.76.

Travelite Holdings Receivables Turnover Historical Data

The historical data trend for Travelite 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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Travelite Holdings Receivables Turnover Chart

Travelite Holdings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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4.88

2.93

4.21

8.07

7.19

Travelite 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															3.20	3.75	3.84	3.97	2.76

Competitive Comparison of Travelite Holdings's Receivables Turnover

For the Department Stores subindustry, Travelite 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.

Travelite Holdings's Receivables Turnover Distribution in the Retail - Cyclical Industry

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

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

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Travelite Holdings Receivables Turnover Calculation

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

Travelite 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 )
=	47.051	/ (	(5.316	+	7.776)	/	2 )
=	47.051	/	6.546
=	7.19

Travelite 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 )
=	16.669	/ (	(7.776	+	4.324)	/	2 )
=	16.669	/	6.05
=	2.76

Travelite Holdings (SGX:BCZ) 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.

Travelite Holdings Receivables Turnover Related Terms

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Travelite Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Travelite Holdings Ltd (SGX:BCZ) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

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Address

53 Ubi Avenue 3, Travelite Building, Singapore, SGP, 408863

Website

https://www.etravelite.com

Travelite Holdings Ltd deals in luggage bags, traveling accessories, travel bags, small leather goods, garments and related products, handbags and related products, fashion apparel and related products, knit wears, wallets and all types of leather goods. The group's operating businesses are organized by distribution channels such as Departmental stores, Specialty stores, Third-party retailers, Wholesale distribution, and Gift and corporate sales. It derives a majority of its revenue from the Departmental stores segment which includes major departmental store operators in Singapore and Malaysia. Geographically it operates in Singapore, Malaysia, Indonesia, Cambodia, and Others.

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