Sarine Technologies (SGX:U77) Receivables Turnover : 1.15 (As of Dec. 2023)

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What is Sarine Technologies 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. Sarine Technologies's Revenue for the six months ended in Dec. 2023 was S$25.59 Mil. Sarine Technologies's average Accounts Receivable for the six months ended in Dec. 2023 was S$22.32 Mil. Hence, Sarine Technologies's Receivables Turnover for the six months ended in Dec. 2023 was 1.15.

Sarine Technologies Receivables Turnover Historical Data

The historical data trend for Sarine Technologies'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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Sarine Technologies Receivables Turnover Chart

Sarine Technologies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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3.29

2.23

2.79

2.63

2.36

Sarine Technologies 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															1.11	1.35	1.21	1.18	1.15

Competitive Comparison of Sarine Technologies's Receivables Turnover

For the Scientific & Technical Instruments subindustry, Sarine Technologies'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.

Sarine Technologies's Receivables Turnover Distribution in the Hardware Industry

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

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

Sarine Technologies Receivables Turnover Calculation

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

Sarine Technologies'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 )
=	57.206	/ (	(29.031	+	19.518)	/	2 )
=	57.206	/	24.2745
=	2.36

Sarine Technologies'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 )
=	25.594	/ (	(25.119	+	19.518)	/	2 )
=	25.594	/	22.3185
=	1.15

Sarine Technologies (SGX:U77) 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.

Sarine Technologies Receivables Turnover Related Terms

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Sarine Technologies (SGX:U77) Business Description

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SARN:Israel

Address

4 Haharash Street, Hod Hasharon, ISR, 4524075

Website

http://www.sarine.com

Sarine Technologies Ltd is a company engaged in the development and manufacturing of advanced evaluation, planning, processing, and finishing systems for diamond and gemstone production. The company's products provide solutions for every stage of the rough diamond manufacturing process from geometrical modelling and internal inclusion mapping of the rough stone, through determining the derivable polished gems, based on true dollar value. Sarine has operations in India, Africa, Europe, North America, Israel, the other countries, out of which the majority of the revenue is generated from India.

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