Sinyi Realty (TPE:9940) Receivables Turnover : 2.37 (As of Mar. 2024)

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What is Sinyi Realty 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. Sinyi Realty's Revenue for the three months ended in Mar. 2024 was NT$3,140 Mil. Sinyi Realty's average Accounts Receivable for the three months ended in Mar. 2024 was NT$1,326 Mil. Hence, Sinyi Realty's Receivables Turnover for the three months ended in Mar. 2024 was 2.37.

Sinyi Realty Receivables Turnover Historical Data

The historical data trend for Sinyi Realty'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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Sinyi Realty Receivables Turnover Chart

Sinyi Realty Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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12.65

11.42

14.99

12.72

13.23

Sinyi Realty 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															4.82	3.42	2.60	2.81	2.37

Competitive Comparison of Sinyi Realty's Receivables Turnover

For the Real Estate Services subindustry, Sinyi Realty'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.

Sinyi Realty's Receivables Turnover Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Sinyi Realty's Receivables Turnover distribution charts can be found below:

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

Sinyi Realty Receivables Turnover Calculation

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

Sinyi Realty'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 )
=	14204.918	/ (	(896.903	+	1250.304)	/	2 )
=	14204.918	/	1073.6035
=	13.23

Sinyi Realty'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 )
=	3139.67	/ (	(1250.304	+	1402.55)	/	2 )
=	3139.67	/	1326.427
=	2.37

Sinyi Realty (TPE:9940) 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.

Sinyi Realty Receivables Turnover Related Terms

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Sinyi Realty (TPE:9940) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Sinyi Realty Inc (TPE:9940) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 100, Section 5, Xinyi Road, Xinyi District, Taipei, TWN, 110

Website

https://www.sinyi.com.tw

Sinyi Realty Inc is a full-service real estate broker with operations in Taiwan, mainland China, and Japan. The company is engaged in the real estate agent trading and leasing of various properties including newly developed housing, existing housing and other residential properties, offices, plants, and carparks. Sinyi Realty also provides real estate management and identification, publication, management consulting, and information software services. In addition, the company is a wholesale seller of construction materials, furniture, sanitary ware, and ceramic products.

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