Wing Tai Holdings (SGX:W05) Receivables Turnover : 4.41 (As of Jun. 2024)

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What is Wing Tai 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. Wing Tai Holdings's Revenue for the six months ended in Jun. 2024 was S$71.5 Mil. Wing Tai Holdings's average Accounts Receivable for the six months ended in Jun. 2024 was S$16.2 Mil. Hence, Wing Tai Holdings's Receivables Turnover for the six months ended in Jun. 2024 was 4.41.

Wing Tai Holdings Receivables Turnover Historical Data

The historical data trend for Wing Tai 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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Wing Tai Holdings Receivables Turnover Chart

Wing Tai Holdings Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Receivables Turnover

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43.10

49.68

28.82

16.42

8.92

Wing Tai Holdings Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Receivables Turnover	Get a 7-Day Free Trial															3.89	9.09	7.07	3.48	4.41

Competitive Comparison of Wing Tai Holdings's Receivables Turnover

For the Real Estate - Development subindustry, Wing Tai 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.

Wing Tai Holdings's Receivables Turnover Distribution in the Real Estate Industry

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

* The bar in red indicates where Wing Tai Holdings's Receivables Turnover falls into.

Wing Tai Holdings Receivables Turnover Calculation

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

Wing Tai Holdings's Receivables Turnover for the fiscal year that ended in Jun. 2024 is calculated as

	Receivables Turnover (A: Jun. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jun. 2024 )	/ (	(Accounts Receivable (A: Jun. 2023 )	+	Accounts Receivable (A: Jun. 2024 ))	/	count )
=	169.172	/ (	(30.788	+	7.132)	/	2 )
=	169.172	/	18.96
=	8.92

Wing Tai Holdings's Receivables Turnover for the quarter that ended in Jun. 2024 is calculated as

	Receivables Turnover (Q: Jun. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Jun. 2024 ))	/	count )
=	71.488	/ (	(25.302	+	7.132)	/	2 )
=	71.488	/	16.217
=	4.41

Wing Tai Holdings (SGX:W05) 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.

Wing Tai Holdings Receivables Turnover Related Terms

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Wing Tai Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Wing Tai Holdings Ltd (SGX:W05) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

3 Killiney Road, No. 10-01 Winsland House I, Singapore, SGP, 239519

Website

https://www.wingtaiasia.com.sg

Wing Tai Holdings Ltd is a Singapore-based company that is principally engaged in the real estate business through its subsidiaries. The company's business segments consist of development properties, investment properties, retail, and other operations comprising mainly investing, central management and administrative activities. The company generates over half of its total revenue from sale of development properties, and the rest from sale of goods, rental income, management fees arising from management and maintenance of properties, dividend income, and other. The company has a business presence in Singapore, Malaysia, the People's Republic of China, and Hong Kong, with Singapore contributing the majority of total revenue.

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