SHMY (Synergy Empire) Receivables Turnover : 0.00 (As of Mar. 2024)

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What is Synergy Empire 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. Synergy Empire's Revenue for the three months ended in Mar. 2024 was $-0.02 Mil. Synergy Empire's average Accounts Receivable for the three months ended in Mar. 2024 was $0.01 Mil.

Synergy Empire Receivables Turnover Historical Data

The historical data trend for Synergy Empire'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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Synergy Empire Receivables Turnover Chart

Synergy Empire Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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14.47

161.00

127.00

1.00

Synergy Empire Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															-	-	-	-	-

Competitive Comparison of Synergy Empire's Receivables Turnover

For the Restaurants subindustry, Synergy Empire'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.

Synergy Empire's Receivables Turnover Distribution in the Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Synergy Empire's Receivables Turnover distribution charts can be found below:

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

Synergy Empire Receivables Turnover Calculation

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

Synergy Empire's Receivables Turnover for the fiscal year that ended in Mar. 2024 is calculated as

	Receivables Turnover (A: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2024 )	/ (	(Accounts Receivable (A: Mar. 2023 )	+	Accounts Receivable (A: Mar. 2024 ))	/	count )
=	0.005	/ (	(0	+	0.005)	/	1 )
=	0.005	/	0.005
=	1.00

Synergy Empire's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	-0.018	/ (	(0	+	0.005)	/	1 )
=	-0.018	/	0.005
=	N/A

Synergy Empire (OTCPK:SHMY) 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.

Synergy Empire Receivables Turnover Related Terms

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Synergy Empire Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Synergy Empire Ltd (OTCPK:SHMY) » Definitions » Receivables Turnover

Comparable Companies

AMHG BOM:539659 SGX:1D3 HKSE:08056 HKSE:01007 HKSE:08096 WAR:MEX TSE:3223 HKSE:08475 HKSE:08432

Traded in Other Exchanges

N/A

Address

No. 19 Jalan 12/118B, Desa Tun Razak, Kuala Lumpur, MYS, 56100

Website

https://www.sweethut.com.my

Synergy Empire Ltd is engaged in the production and sale of food products, specifically desserts created and sold through various restaurants. The company sells the products under the brand name Sweet Hut. The company has two restaurant outlets and one central kitchen in Malaysia. The company cooperates with online food delivery companies to have their desserts displayed on their platforms in order to promote their desserts such as Foodpanda and Honestbee food delivery. The firm generates the majority of its revenue from the Dine-in service.

Synergy Empire Headlines

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