GSS Energy (SGX:41F) Receivables Turnover : 2.27 (As of Dec. 2023)

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What is GSS Energy 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. GSS Energy's Revenue for the six months ended in Dec. 2023 was S$59.2 Mil. GSS Energy's average Accounts Receivable for the six months ended in Dec. 2023 was S$26.1 Mil. Hence, GSS Energy's Receivables Turnover for the six months ended in Dec. 2023 was 2.27.

GSS Energy Receivables Turnover Historical Data

The historical data trend for GSS Energy'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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GSS Energy Receivables Turnover Chart

GSS Energy Annual Data

Trend

Aug14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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4.19

3.53

3.68

6.96

7.16

GSS Energy Semi-Annual Data
	Aug13	Feb14	Aug14	Jun15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															1.93	2.35	2.99	2.84	2.27

Competitive Comparison of GSS Energy's Receivables Turnover

For the Electronic Components subindustry, GSS Energy'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.

GSS Energy's Receivables Turnover Distribution in the Hardware Industry

For the Hardware industry and Technology sector, GSS Energy's Receivables Turnover distribution charts can be found below:

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

GSS Energy Receivables Turnover Calculation

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

GSS Energy'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 )
=	118.198	/ (	(11.099	+	21.897)	/	2 )
=	118.198	/	16.498
=	7.16

GSS Energy'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 )
=	59.216	/ (	(30.375	+	21.897)	/	2 )
=	59.216	/	26.136
=	2.27

GSS Energy (SGX:41F) 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.

GSS Energy Receivables Turnover Related Terms

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GSS Energy (SGX:41F) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » GSS Energy Ltd (SGX:41F) » Definitions » Receivables Turnover

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Traded in Other Exchanges

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Address

Blk 4012 Ang Mo Kio Ave 10, No. 05-01 Techplace 1, Singapore, SGP, 569628

Website

https://www.giken.com.sg

GSS Energy Ltd through its subsidiaries is engaged in providing production technology to multi-national manufacturers in the field of home and car audio entertainment. It also manufactures precision shafts, and drills and distributes oil in Indonesia. The company operates in three reportable segments: Mechanisms division and Microshafts division and Electric vehicle division . Mechanisms division which derives the majority of revenue provides advanced production technology to multi-national manufacturers in the field of home and car audio entertainment, communication, computer and office automation industries and medical industries. Microshafts division concentrates on the manufacturing of high precision shafts.

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