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.

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Procurri Receivables Turnover Chart

Procurri Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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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															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

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

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Procurri Corp Ltd (SGX:BVQ) » Definitions » Receivables Turnover

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Traded in Other Exchanges

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Address

29 Tai Seng Avenue, No. 02-01, Natural Cool Lifestyle Hub, Singapore, SGP, 534119

Website

https://www.procurri.com

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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