Serial System (SGX:S69) Receivables Turnover : 2.57 (As of Dec. 2023)

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What is Serial System 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. Serial System's Revenue for the six months ended in Dec. 2023 was S$518 Mil. Serial System's average Accounts Receivable for the six months ended in Dec. 2023 was S$202 Mil. Hence, Serial System's Receivables Turnover for the six months ended in Dec. 2023 was 2.57.

Serial System Receivables Turnover Historical Data

The historical data trend for Serial System'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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Serial System Receivables Turnover Chart

Serial System Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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5.80

6.04

6.16

5.49

4.66

Serial System 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															3.00	2.68	2.45	2.32	2.57

Competitive Comparison of Serial System's Receivables Turnover

For the Electronics & Computer Distribution subindustry, Serial System'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.

Serial System's Receivables Turnover Distribution in the Hardware Industry

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

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

Serial System Receivables Turnover Calculation

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

Serial System'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 )
=	1010.999	/ (	(229.667	+	203.966)	/	2 )
=	1010.999	/	216.8165
=	4.66

Serial System'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 )
=	518.427	/ (	(199.554	+	203.966)	/	2 )
=	518.427	/	201.76
=	2.57

Serial System (SGX:S69) 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.

Serial System Receivables Turnover Related Terms

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Serial System (SGX:S69) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Serial System Ltd (SGX:S69) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

8 Ubi View No. 05-01, Serial System Building, Singapore, SGP, 408554

Website

https://www.serialsystem.com

Serial System Ltd is an investment holding company that provides management services to its subsidiaries. The company is involved in the distribution of electronic and electrical components, and trading and distribution of fast-moving consumer goods, photographic, and timepiece products. The business operates through segments that are Electronic Components Distribution, Consumer Products Distribution, and Other Businesses.

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