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Ever Glory United Holdings (SGX:ZKX) Receivables Turnover : 2.57 (As of Jun. 2024)


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What is Ever Glory United 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. Ever Glory United Holdings's Revenue for the six months ended in Jun. 2024 was S$32.11 Mil. Ever Glory United Holdings's average Accounts Receivable for the six months ended in Jun. 2024 was S$12.48 Mil. Hence, Ever Glory United Holdings's Receivables Turnover for the six months ended in Jun. 2024 was 2.57.

Ever Glory United Holdings Receivables Turnover Historical Data

The historical data trend for Ever Glory United 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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Ever Glory United Holdings Receivables Turnover Chart

Ever Glory United Holdings Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Receivables Turnover
3.32 3.85 4.62 6.16

Ever Glory United Holdings Semi-Annual Data
Dec20 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Receivables Turnover Get a 7-Day Free Trial 2.10 2.44 3.50 2.63 2.57

Competitive Comparison of Ever Glory United Holdings's Receivables Turnover

For the Engineering & Construction subindustry, Ever Glory United 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.

Ever Glory United Holdings's Receivables Turnover Distribution in the Construction Industry

For the Construction industry and Industrials sector, Ever Glory United Holdings's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Ever Glory United Holdings's Receivables Turnover falls into.


Ever Glory United Holdings Receivables Turnover Calculation

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

Ever Glory United 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 )
=47.478 / ((7.325 + 8.08) / 2 )
=47.478 / 7.7025
=6.16

Ever Glory United 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 )
=32.108 / ((8.08 + 16.884) / 2 )
=32.108 / 12.482
=2.57

* 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.

Ever Glory United Holdings  (SGX:ZKX) 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.

Ever Glory United Holdings Receivables Turnover Related Terms

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Ever Glory United Holdings Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Ever Glory United Holdings Ltd (SGX:ZKX) » Definitions » Receivables Turnover
Comparable Companies
SGX:5CF SGX:Q0X SGX:K75 SGX:5HV SGX:BFT SGX:S7P SGX:5TT SGX:KJ5 SGX:ZXY SGX:BFI XPAR:DG NSE:LT SHSE:601668 PWR SHSE:601390 J TSX:WSP HKSE:01800 SHSE:601186 XPAR:EN
Traded in Other Exchanges
N/A
Address
3 Little Road, No. 03-01 CRF Building, Singapore, SGP, 536982
Website
Ever Glory United Holdings Ltd is a Singapore-based M&E engineering service provider specializing in providing a wide range of M&E engineering services. Its services involve projects in both public and private sectors, such as the development or redevelopment of HDB residential flats, private residential properties, private schools, mixed-use properties, commercial buildings, or industrial buildings. It provides M&E engineering services as either an NSC or a DSC. The company specializes in the following areas of M&E engineering services: ACMV systems; electrical engineering systems; FP systems; PSG systems; and IBS. The company has two segments: The construction segment relating to M&E engineering and Property development segment relating to development of properties.

Ever Glory United Holdings Headlines

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