Venture (SGX:V03) Receivables Turnover : 2.01 (As of Dec. 2023)

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What is Venture 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. Venture's Revenue for the six months ended in Dec. 2023 was S$1,441 Mil. Venture's average Accounts Receivable for the six months ended in Dec. 2023 was S$718 Mil. Hence, Venture's Receivables Turnover for the six months ended in Dec. 2023 was 2.01.

Venture Receivables Turnover Historical Data

The historical data trend for Venture'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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Venture Receivables Turnover Chart

Venture Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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4.44

3.76

4.06

4.45

3.82

Venture 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															2.22	2.14	2.36	1.90	2.01

Competitive Comparison of Venture's Receivables Turnover

For the Electronic Components subindustry, Venture'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.

Venture's Receivables Turnover Distribution in the Hardware Industry

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

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

Venture Receivables Turnover Calculation

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

Venture'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 )
=	3023.678	/ (	(906.378	+	677.425)	/	2 )
=	3023.678	/	791.9015
=	3.82

Venture'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 )
=	1441.458	/ (	(757.751	+	677.425)	/	2 )
=	1441.458	/	717.588
=	2.01

Venture (SGX:V03) 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.

Venture Receivables Turnover Related Terms

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Venture (SGX:V03) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Venture Corp Ltd (SGX:V03) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

VEMLY:USA VEMLF:USA VEM:Germany

Address

5006 Ang Mo Kio Avenue 5, No. 05-01/12 TECHplace II, Singapore, SGP, 569873

Website

https://www.venture.com.sg

Venture Corp Ltd is a Singapore-based company that provides technology services, products and solutions. It offers solutions such as supply chain management, product refurbishment, and technical support, product and process engineering and others. The company's reportable segments are Advanced Manufacturing and Design Solutions, and Technology Products and Design Solutions. It generates a majority of its revenue from the Advanced Manufacturing and Design Solutions segment. Geographically, the company generates a majority of its revenue from Asia excluding Singapore.

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