Western Marine Shipyard (DHA:WMSHIPYARD) Receivables Turnover : 0.35 (As of Jun. 2023)

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What is Western Marine Shipyard 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. Western Marine Shipyard's Revenue for the six months ended in Jun. 2023 was BDT810.9 Mil. Western Marine Shipyard's average Accounts Receivable for the six months ended in Jun. 2023 was BDT2,329.3 Mil. Hence, Western Marine Shipyard's Receivables Turnover for the six months ended in Jun. 2023 was 0.35.

Western Marine Shipyard Receivables Turnover Historical Data

The historical data trend for Western Marine Shipyard'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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Western Marine Shipyard Receivables Turnover Chart

Western Marine Shipyard Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Receivables Turnover

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1.00

0.95

0.41

0.37

0.35

Western Marine Shipyard Semi-Annual Data
	Jun15	Jun16	Jun17	Jun18	Jun19	Jun20	Jun21	Jun22	Jun23
Receivables Turnover	Get a 7-Day Free Trial				1.00	0.95	0.41	0.37	0.35

Competitive Comparison of Western Marine Shipyard's Receivables Turnover

For the Aerospace & Defense subindustry, Western Marine Shipyard'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.

Western Marine Shipyard's Receivables Turnover Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Western Marine Shipyard's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Western Marine Shipyard's Receivables Turnover falls into.

Western Marine Shipyard Receivables Turnover Calculation

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

Western Marine Shipyard's Receivables Turnover for the fiscal year that ended in Jun. 2023 is calculated as

	Receivables Turnover (A: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jun. 2023 )	/ (	(Accounts Receivable (A: Jun. 2022 )	+	Accounts Receivable (A: Jun. 2023 ))	/	count )
=	810.857	/ (	(2253.775	+	2404.775)	/	2 )
=	810.857	/	2329.275
=	0.35

Western Marine Shipyard's Receivables Turnover for the quarter that ended in Jun. 2023 is calculated as

	Receivables Turnover (Q: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2023 )	/ (	(Accounts Receivable (Q: Jun. 2022 )	+	Accounts Receivable (Q: Jun. 2023 ))	/	count )
=	810.857	/ (	(2253.775	+	2404.775)	/	2 )
=	810.857	/	2329.275
=	0.35

Western Marine Shipyard (DHA:WMSHIPYARD) 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.

Western Marine Shipyard Receivables Turnover Related Terms

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Western Marine Shipyard (DHA:WMSHIPYARD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Western Marine Shipyard Ltd (DHA:WMSHIPYARD) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

1440/A Strand Road, Amin Future Park, 7th Floor, Chittagong, BGD, 4100

Website

http://www.wms.com.bd

Western Marine Shipyard Ltd operates its business in the maritime industry. The company specializes in ship repairing and export of marine supplies. Its other business activities are to establish, build, construct shipyard, dockyard, slipway and to undertake ownership/management of shipyard and dockyard. The company builds different types of ships such as bulk carrier, container, tanker, passenger, petrol vassal, and fishing trawler.

Western Marine Shipyard (DHA:WMSHIPYARD) Headlines

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