SSI Group (PHS:SSI) Receivables Turnover : 19.99 (As of Mar. 2024)

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What is SSI Group 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. SSI Group's Revenue for the three months ended in Mar. 2024 was ₱6,563 Mil. SSI Group's average Accounts Receivable for the three months ended in Mar. 2024 was ₱328 Mil. Hence, SSI Group's Receivables Turnover for the three months ended in Mar. 2024 was 19.99.

SSI Group Receivables Turnover Historical Data

The historical data trend for SSI Group'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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SSI Group Receivables Turnover Chart

SSI Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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70.75

39.55

57.88

78.10

89.33

SSI Group 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															20.96	24.78	23.85	28.91	19.99

Competitive Comparison of SSI Group's Receivables Turnover

For the Apparel Retail subindustry, SSI Group'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.

SSI Group's Receivables Turnover Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, SSI Group's Receivables Turnover distribution charts can be found below:

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

SSI Group Receivables Turnover Calculation

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

SSI Group'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 )
=	27745.961	/ (	(329.003	+	292.201)	/	2 )
=	27745.961	/	310.602
=	89.33

SSI Group'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 )
=	6562.685	/ (	(292.201	+	364.265)	/	2 )
=	6562.685	/	328.233
=	19.99

SSI Group (PHS:SSI) 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.

SSI Group Receivables Turnover Related Terms

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SSI Group (PHS:SSI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » SSI Group Inc (PHS:SSI) » Definitions » Receivables Turnover

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Traded in Other Exchanges

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Address

403 Senator Gil Puyat Avenue, 6th Floor, Midland Buendia Building, Makati City, PHL, 1200

Website

https://www.ssigroup.com.ph

SSI Group Inc together with its subsidiaries operates specialty retail stores in the Philippines. The company operates the retail network of more than 524 stores located within approximately 80 malls across the Philippines, including Metro Manila, Luzon, Visayas, and Mindanao. The company provides luxury and bridge apparel, casual wear and fast fashion, footwear, accessories and luggage, food, home and decor, and beauty and personal care products. Geographically, the company derives revenue from Philippines.

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