Tuan Sing Holdings (SGX:T24) Receivables Turnover : 6.45 (As of Dec. 2023)

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What is Tuan Sing Holdings 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. Tuan Sing Holdings's Revenue for the six months ended in Dec. 2023 was S$159.0 Mil. Tuan Sing Holdings's average Accounts Receivable for the six months ended in Dec. 2023 was S$24.6 Mil. Hence, Tuan Sing Holdings's Receivables Turnover for the six months ended in Dec. 2023 was 6.45.

Tuan Sing Holdings Receivables Turnover Historical Data

The historical data trend for Tuan Sing Holdings'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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Tuan Sing Holdings Receivables Turnover Chart

Tuan Sing Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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5.79

3.12

5.40

7.21

12.31

Tuan Sing Holdings 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															2.30	4.93	6.16	5.53	6.45

Competitive Comparison of Tuan Sing Holdings's Receivables Turnover

For the Real Estate - Diversified subindustry, Tuan Sing Holdings'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.

Tuan Sing Holdings's Receivables Turnover Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Tuan Sing Holdings's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Tuan Sing Holdings's Receivables Turnover falls into.

Tuan Sing Holdings Receivables Turnover Calculation

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

Tuan Sing Holdings'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 )
=	303.72	/ (	(26.216	+	23.115)	/	2 )
=	303.72	/	24.6655
=	12.31

Tuan Sing Holdings'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 )
=	158.988	/ (	(26.151	+	23.115)	/	2 )
=	158.988	/	24.633
=	6.45

Tuan Sing Holdings (SGX:T24) 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.

Tuan Sing Holdings Receivables Turnover Related Terms

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Tuan Sing Holdings (SGX:T24) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Tuan Sing Holdings Ltd (SGX:T24) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

9 Oxley Rise, No.03-02 The Oxley, Singapore, SGP, 238697

Website

https://www.tuansing.com

Tuan Sing Holdings Ltd is a regional investment holding company with interests mainly in real estate investment, real estate development, and hospitality. The operating segments of the group are Real Estate Investment; Real Estate Development; Hospitality; Industrial Services and Other Investments. It derives key revenue from the Real estate development segment which involves the property development and provision of construction management services in Singapore and Indonesia. The group has a business presence in Singapore, Australia, China, Malaysia, and Indonesia.

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