Noel Gifts International (SGX:543) Receivables Turnover : 4.91 (As of Dec. 2023)

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What is Noel Gifts International 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. Noel Gifts International's Revenue for the six months ended in Dec. 2023 was S$6.15 Mil. Noel Gifts International's average Accounts Receivable for the six months ended in Dec. 2023 was S$1.25 Mil. Hence, Noel Gifts International's Receivables Turnover for the six months ended in Dec. 2023 was 4.91.

Noel Gifts International Receivables Turnover Historical Data

The historical data trend for Noel Gifts International'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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Noel Gifts International Receivables Turnover Chart

Noel Gifts International Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Receivables Turnover

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19.76

18.58

19.30

21.84

18.86

Noel Gifts International 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															6.44	10.83	5.94	8.15	4.91

Competitive Comparison of Noel Gifts International's Receivables Turnover

For the Specialty Retail subindustry, Noel Gifts International'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.

Noel Gifts International's Receivables Turnover Distribution in the Retail - Cyclical Industry

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

* The bar in red indicates where Noel Gifts International's Receivables Turnover falls into.

Noel Gifts International Receivables Turnover Calculation

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

Noel Gifts International'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 )
=	18.523	/ (	(0.849	+	1.115)	/	2 )
=	18.523	/	0.982
=	18.86

Noel Gifts International'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 )
=	6.152	/ (	(1.115	+	1.389)	/	2 )
=	6.152	/	1.252
=	4.91

Noel Gifts International (SGX:543) 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.

Noel Gifts International Receivables Turnover Related Terms

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Noel Gifts International (SGX:543) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Noel Gifts International Ltd (SGX:543) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

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Address

21 Ubi Road 1, No. 03-01, Singapore, SGP, 408724

Website

https://www.noelgifts.com

Noel Gifts International Ltd is a hampers, flowers and gifts company. The company engages in the online marketing and sale of bouquets, gifts, and hampers in Singapore and Southeast Asia. The group is principally engaged in two reportable segments, namely Gifts and Properties. The Gifts segment relates to the marketing of gifts and the operation of the franchise programme. The Properties segment relates to property investment and development. It generates maximum revenue from its Gifts segment.

Noel Gifts International (SGX:543) Headlines

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