Vicom (SGX:WJP) Receivables Turnover : 3.88 (As of Dec. 2023)

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What is Vicom 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. Vicom's Revenue for the six months ended in Dec. 2023 was S$54.9 Mil. Vicom's average Accounts Receivable for the six months ended in Dec. 2023 was S$14.2 Mil. Hence, Vicom's Receivables Turnover for the six months ended in Dec. 2023 was 3.88.

Vicom Receivables Turnover Historical Data

The historical data trend for Vicom'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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Vicom Receivables Turnover Chart

Vicom Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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6.10

6.29

9.07

9.05

8.26

Vicom 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															4.29	4.32	4.30	4.19	3.88

Competitive Comparison of Vicom's Receivables Turnover

For the Auto & Truck Dealerships subindustry, Vicom'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.

Vicom's Receivables Turnover Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Vicom's Receivables Turnover distribution charts can be found below:

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

Vicom Receivables Turnover Calculation

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

Vicom'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 )
=	109.547	/ (	(12.161	+	14.378)	/	2 )
=	109.547	/	13.2695
=	8.26

Vicom'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 )
=	54.923	/ (	(13.929	+	14.378)	/	2 )
=	54.923	/	14.1535
=	3.88

Vicom (SGX:WJP) 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.

Vicom Receivables Turnover Related Terms

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Vicom (SGX:WJP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Vicom Ltd (SGX:WJP) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

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Address

385 Sin Ming Drive, Singapore, SGP, 575718

Website

https://www.vicom.com.sg

Vicom Ltd is an investment holding company engaged in the provision of motor vehicle evaluation and other related services. It provides technical testing and inspection services to mechanical, biochemical, civil engineering and non-destructive testing fields. Its services include vehicle inspection, assessment, evaluation, and emission test laboratory, motor insurance, road tax renewal, car evaluation, vehicle inspection, type approval, in-vehicle unit service, speed limiter check, chassis dynamometer smoke test, tinted glass check, car buying tips, and maintenance, consultancy and business opportunities. The company mainly operates in Singapore and derives prime revenue from inspection and testing services.

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