SunCorp Technologies (SunCorp Technologies) Receivables Turnover : 0.86 (As of Dec. 2023)

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What is SunCorp 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. SunCorp Technologies's Revenue for the six months ended in Dec. 2023 was $3.27 Mil. SunCorp Technologies's average Accounts Receivable for the six months ended in Dec. 2023 was $3.80 Mil. Hence, SunCorp Technologies's Receivables Turnover for the six months ended in Dec. 2023 was 0.86.

SunCorp Technologies Receivables Turnover Historical Data

The historical data trend for SunCorp 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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SunCorp Technologies Receivables Turnover Chart

SunCorp Technologies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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5.92

5.73

5.94

2.81

1.91

SunCorp 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															2.22	2.22	1.77	0.86	0.86

Competitive Comparison of SunCorp Technologies's Receivables Turnover

For the Conglomerates subindustry, SunCorp 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.

SunCorp Technologies's Receivables Turnover Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, SunCorp Technologies's Receivables Turnover distribution charts can be found below:

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

SunCorp Technologies Receivables Turnover Calculation

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

SunCorp 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 )
=	8.488	/ (	(6.715	+	2.185)	/	2 )
=	8.488	/	4.45
=	1.91

SunCorp 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 )
=	3.266	/ (	(5.417	+	2.185)	/	2 )
=	3.266	/	3.801
=	0.86

SunCorp Technologies (OTCPK:SUNTF) 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.

SunCorp Technologies Receivables Turnover Related Terms

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SunCorp Technologies (SunCorp Technologies) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » SunCorp Technologies Ltd (OTCPK:SUNTF) » Definitions » Receivables Turnover

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01063:Hong Kong

Address

99 Queen’s Road Central, Unit 2305, 23rd Floor, The Center, Hong Kong, HKG

Website

http://www.suncorptech.com.hk

SunCorp Technologies Ltd is engaged in sales and marketing of residential telephone and related products, computer-related components, securities brokerage, placing and underwriting, money lending, and B2B cross-border e-commerce. Its operating segments are; Sales of telephones and related components; Processing and trading of used computer-related components; Money lending services; Provision of securities brokerage, placing and underwriting services, and Sales of clothes and beauty products. Geographically it operates in PRC (including Hong Kong); India; Indonesia; USA; and Others, with the majority of the revenue deriving from the PRC (including Hong Kong).

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