HG Metal Manufacturing (SGX:BTG) Receivables Turnover : 1.65 (As of Dec. 2024)

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What is HG Metal Manufacturing 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. HG Metal Manufacturing's Revenue for the six months ended in Dec. 2024 was S$84.8 Mil. HG Metal Manufacturing's average Accounts Receivable for the six months ended in Dec. 2024 was S$51.4 Mil. Hence, HG Metal Manufacturing's Receivables Turnover for the six months ended in Dec. 2024 was 1.65.

HG Metal Manufacturing Receivables Turnover Historical Data

The historical data trend for HG Metal Manufacturing'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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HG Metal Manufacturing Receivables Turnover Chart

HG Metal Manufacturing Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Receivables Turnover

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2.17

3.87

4.22

3.92

3.36

HG Metal Manufacturing Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Receivables Turnover	Get a 7-Day Free Trial															1.90	1.81	2.11	1.61	1.65

Competitive Comparison of HG Metal Manufacturing's Receivables Turnover

For the Steel subindustry, HG Metal Manufacturing'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.

HG Metal Manufacturing's Receivables Turnover Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, HG Metal Manufacturing's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where HG Metal Manufacturing's Receivables Turnover falls into.

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HG Metal Manufacturing Receivables Turnover Calculation

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

HG Metal Manufacturing'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 )
=	157.867	/ (	(41.03	+	53.054)	/	2 )
=	157.867	/	47.042
=	3.36

HG Metal Manufacturing'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: Jun. 2024 )	+	Accounts Receivable (Q: Dec. 2024 ))	/	count )
=	84.76	/ (	(49.811	+	53.054)	/	2 )
=	84.76	/	51.4325
=	1.65

HG Metal Manufacturing (SGX:BTG) 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.

HG Metal Manufacturing Receivables Turnover Related Terms

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HG Metal Manufacturing Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » HG Metal Manufacturing Ltd (SGX:BTG) » Definitions » Receivables Turnover

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Address

28 Jalan Buroh, Singapore, SGP, 619484

Website

http://www.hgmetal.com

HG Metal Manufacturing Ltd is involved in the steel business. The company has business units which include HG Distribution, HG Construction Steel, HG Coupler, and Thread. The operating segment of the company is Trading Segment, Manufacturing Segment, and Others. The trading segment is a supplier of steel products and includes the holding of investments in subsidiaries in the business of steel distribution and provision of industrial steel services. The manufacturing segment produces construction steel products and provides related engineering services. Others include those which do not fall in the trading and manufacturing segment. The majority is from the manufacturing segment. Geographically, the majority is derived from Singapore.