Siem Industries (Siem Industries) Receivables Turnover : 3.63 (As of Jun. 2019)

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What is Siem Industries 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. Siem Industries's Revenue for the six months ended in Jun. 2019 was $272.0 Mil. Siem Industries's average Accounts Receivable for the six months ended in Jun. 2019 was $74.9 Mil. Hence, Siem Industries's Receivables Turnover for the six months ended in Jun. 2019 was 3.63.

Siem Industries Receivables Turnover Historical Data

The historical data trend for Siem Industries'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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Siem Industries Receivables Turnover Chart

Siem Industries Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Receivables Turnover

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7.49

6.64

10.94

6.77

6.45

Siem Industries Semi-Annual Data
	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19
Receivables Turnover	Get a 7-Day Free Trial											3.80	3.10	4.19	1.94	3.63

Competitive Comparison of Siem Industries's Receivables Turnover

For the Marine Shipping subindustry, Siem Industries'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.

Siem Industries's Receivables Turnover Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Siem Industries's Receivables Turnover distribution charts can be found below:

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

Siem Industries Receivables Turnover Calculation

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

Siem Industries's Receivables Turnover for the fiscal year that ended in Dec. 2018 is calculated as

	Receivables Turnover (A: Dec. 2018 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2018 )	/ (	(Accounts Receivable (A: Dec. 2017 )	+	Accounts Receivable (A: Dec. 2018 ))	/	count )
=	565.656	/ (	(100.378	+	74.915)	/	2 )
=	565.656	/	87.6465
=	6.45

Siem Industries's Receivables Turnover for the quarter that ended in Jun. 2019 is calculated as

	Receivables Turnover (Q: Jun. 2019 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2019 )	/ (	(Accounts Receivable (Q: Dec. 2018 )	+	Accounts Receivable (Q: Jun. 2019 ))	/	count )
=	271.974	/ (	(74.915	+	0)	/	1 )
=	271.974	/	74.915
=	3.63

Siem Industries (OTCPK:SEMUF) 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.

Siem Industries Receivables Turnover Related Terms

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Siem Industries (Siem Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Siem Industries Inc (OTCPK:SEMUF) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Ugland House, South Church Street, P.O. Box 309, George Town, Grand Cayman, CYM, KY1-1104

Website

https://www.siemindustries.com

Siem Industries Inc is a diversified industrial holding company that operates through autonomous affiliates. The company has segregated its operations into Offshore Support Vessels, Reefer Vessels and Car Carriers, Cable-lay for Offshore Wind Farms (OWF), Scientific Core-Drilling, Shipbuilding, Potash-Mining and Corporate and Other. The company hold interests in several industrial areas including the oil and gas services industry and renewable energy sector, ocean transportation of refrigerated cargoes and automobiles, potash mining and finance. It generates maximum revenue from the Offshore Support Vessels segment.

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