GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Sin Heng Heavy Machinery Ltd (SGX:BKA) » Definitions » Receivables Turnover

Sin Heng Heavy Machinery (SGX:BKA) Receivables Turnover : 2.58 (As of Dec. 2023)


View and export this data going back to 2010. Start your Free Trial

What is Sin Heng Heavy Machinery 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. Sin Heng Heavy Machinery's Revenue for the six months ended in Dec. 2023 was S$31.49 Mil. Sin Heng Heavy Machinery's average Accounts Receivable for the six months ended in Dec. 2023 was S$12.20 Mil. Hence, Sin Heng Heavy Machinery's Receivables Turnover for the six months ended in Dec. 2023 was 2.58.


Sin Heng Heavy Machinery Receivables Turnover Historical Data

The historical data trend for Sin Heng Heavy Machinery'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.

* Premium members only.

Sin Heng Heavy Machinery Receivables Turnover Chart

Sin Heng Heavy Machinery Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.60 2.31 3.41 5.79 6.25

Sin Heng Heavy Machinery Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.95 2.92 2.61 3.14 2.58

Competitive Comparison of Sin Heng Heavy Machinery's Receivables Turnover

For the Farm & Heavy Construction Machinery subindustry, Sin Heng Heavy Machinery'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.


Sin Heng Heavy Machinery's Receivables Turnover Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Sin Heng Heavy Machinery's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Sin Heng Heavy Machinery's Receivables Turnover falls into.



Sin Heng Heavy Machinery Receivables Turnover Calculation

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

Sin Heng Heavy Machinery's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as

Receivables Turnover (A: Dec. 2023 )
=Revenue / Average Total Inventories
=Revenue (A: Dec. 2023 ) / ((Accounts Receivable (A: Dec. 2022 ) + Accounts Receivable (A: Dec. 2023 )) / count )
=66.23 / ((9.453 + 11.735) / 2 )
=66.23 / 10.594
=6.25

Sin Heng Heavy Machinery's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

Receivables Turnover (Q: Dec. 2023 )
=Revenue / Average Total Inventories
=Revenue (Q: Dec. 2023 ) / ((Accounts Receivable (Q: Jun. 2023 ) + Accounts Receivable (Q: Dec. 2023 )) / count )
=31.494 / ((12.657 + 11.735) / 2 )
=31.494 / 12.196
=2.58

* 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.


Sin Heng Heavy Machinery  (SGX:BKA) 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.


Sin Heng Heavy Machinery Receivables Turnover Related Terms

Thank you for viewing the detailed overview of Sin Heng Heavy Machinery's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.


Sin Heng Heavy Machinery (SGX:BKA) Business Description

Traded in Other Exchanges
Address
26 Gul Road, Singapore, SGP, 629346
Sin Heng Heavy Machinery Ltd is a lifting service provider. The core business activities are the rental and trading of cranes, aerial lifts, and other lifting equipment. The company has two reportable operating segments namely Equipment rental and Trading. Equipment rental includes the rental of cranes and aerial lifts. Trading includes trading of cranes and aerial lifts. Most of the group's revenue comes from Singapore.

Sin Heng Heavy Machinery (SGX:BKA) Headlines

No Headlines