Reclaims Global (SGX:NEX) Receivables Turnover : 1.91 (As of Jan. 2024)

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What is Reclaims Global 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. Reclaims Global's Revenue for the six months ended in Jan. 2024 was S$13.59 Mil. Reclaims Global's average Accounts Receivable for the six months ended in Jan. 2024 was S$7.11 Mil. Hence, Reclaims Global's Receivables Turnover for the six months ended in Jan. 2024 was 1.91.

Reclaims Global Receivables Turnover Historical Data

The historical data trend for Reclaims Global'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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Reclaims Global Receivables Turnover Chart

Reclaims Global Annual Data

Trend

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Receivables Turnover

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5.18

3.15

4.43

3.55

3.36

Reclaims Global Semi-Annual Data
	Jan16	Jan17	Jul17	Jan18	Jul18	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jul23	Jan24
Receivables Turnover	Get a 7-Day Free Trial											2.03	1.89	1.79	1.47	1.91

Competitive Comparison of Reclaims Global's Receivables Turnover

For the Waste Management subindustry, Reclaims Global'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.

Reclaims Global's Receivables Turnover Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Reclaims Global's Receivables Turnover distribution charts can be found below:

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

Reclaims Global Receivables Turnover Calculation

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

Reclaims Global's Receivables Turnover for the fiscal year that ended in Jan. 2024 is calculated as

	Receivables Turnover (A: Jan. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jan. 2024 )	/ (	(Accounts Receivable (A: Jan. 2023 )	+	Accounts Receivable (A: Jan. 2024 ))	/	count )
=	24.311	/ (	(7.432	+	7.043)	/	2 )
=	24.311	/	7.2375
=	3.36

Reclaims Global's Receivables Turnover for the quarter that ended in Jan. 2024 is calculated as

	Receivables Turnover (Q: Jan. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jan. 2024 )	/ (	(Accounts Receivable (Q: Jul. 2023 )	+	Accounts Receivable (Q: Jan. 2024 ))	/	count )
=	13.589	/ (	(7.169	+	7.043)	/	2 )
=	13.589	/	7.106
=	1.91

Reclaims Global (SGX:NEX) 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.

Reclaims Global Receivables Turnover Related Terms

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Reclaims Global (SGX:NEX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Reclaims Global Ltd (SGX:NEX) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

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Address

10 Tuas South Street 7, Singapore, SGP, 637114

Website

https://www.reclaims.sg

Reclaims Global Ltd is an integrated service provider in the construction industry. The group specializes in the recycling of construction and demolition waste, customisation of excavation solutions, and operating fleet management. Its operating business segments are recycling, excavation services, and logistics and leasing. The company derives maximum revenue from the logistics and leasing segment. Its excavation services segment performs land clearing, excavation, and removal of construction and demolition waste. The Excavation services consist of demolition works, site clearance, reshaping, backfilling, and compacting and turfing.