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Procurri (SGX:BVQ) Receivables Turnover : 2.85 (As of Jun. 2024)


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What is Procurri 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. Procurri's Revenue for the six months ended in Jun. 2024 was S$96.1 Mil. Procurri's average Accounts Receivable for the six months ended in Jun. 2024 was S$33.7 Mil. Hence, Procurri's Receivables Turnover for the six months ended in Jun. 2024 was 2.85.


Procurri Receivables Turnover Historical Data

The historical data trend for Procurri'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.

Procurri Receivables Turnover Chart

Procurri Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.62 5.76 6.13 5.91 5.52

Procurri Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
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 2.70 3.20 2.71 2.78 2.85

Competitive Comparison of Procurri's Receivables Turnover

For the Electronics & Computer Distribution subindustry, Procurri'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.


Procurri's Receivables Turnover Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Procurri's Receivables Turnover distribution charts can be found below:

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



Procurri Receivables Turnover Calculation

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

Procurri'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 )
=197.192 / ((37.714 + 33.733) / 2 )
=197.192 / 35.7235
=5.52

Procurri's Receivables Turnover for the quarter that ended in Jun. 2024 is calculated as

Receivables Turnover (Q: Jun. 2024 )
=Revenue / Average Total Inventories
=Revenue (Q: Jun. 2024 ) / ((Accounts Receivable (Q: Dec. 2023 ) + Accounts Receivable (Q: Jun. 2024 )) / count )
=96.108 / ((33.733 + 33.598) / 2 )
=96.108 / 33.6655
=2.85

* 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.


Procurri  (SGX:BVQ) 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.


Procurri Receivables Turnover Related Terms

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Procurri Business Description

Traded in Other Exchanges
N/A
Address
29 Tai Seng Avenue, No. 02-01, Natural Cool Lifestyle Hub, Singapore, SGP, 534119
Procurri Corp Ltd is an independent provider of IT lifecycle services and data centre equipment. It operates in the Hardware, Lifecycle Services and IT Asset Disposition; and Third Party Maintenance segments. The Hardware, Lifecycle Services segment which accounts for the majority of revenue resells hardware products such as pre-owned servers, storage, and networking equipment, and provides supply chain management. The Third Party Maintenance segment is the rendering of information technology maintenance services for a variety of (IT) systems and networks; hardware as a service on a transaction-based pricing model as well as sales of maintenance parts tied to systems on the renewable contract and professional services tied to systems on the renewable contracts.

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