Baker Technology (SGX:BTP) Receivables Turnover : 2.35 (As of Dec. 2023)

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What is Baker Technology 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. Baker Technology's Revenue for the six months ended in Dec. 2023 was S$52.04 Mil. Baker Technology's average Accounts Receivable for the six months ended in Dec. 2023 was S$22.11 Mil. Hence, Baker Technology's Receivables Turnover for the six months ended in Dec. 2023 was 2.35.

Baker Technology Receivables Turnover Historical Data

The historical data trend for Baker Technology'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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Baker Technology Receivables Turnover Chart

Baker Technology Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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3.20

3.67

3.89

4.23

3.75

Baker Technology 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															2.05	1.97	1.91	1.64	2.35

Competitive Comparison of Baker Technology's Receivables Turnover

For the Oil & Gas Equipment & Services subindustry, Baker Technology'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.

Baker Technology's Receivables Turnover Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Baker Technology's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Baker Technology's Receivables Turnover falls into.

Baker Technology Receivables Turnover Calculation

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

Baker Technology'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 )
=	91.415	/ (	(26.232	+	22.486)	/	2 )
=	91.415	/	24.359
=	3.75

Baker Technology'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 )
=	52.042	/ (	(21.734	+	22.486)	/	2 )
=	52.042	/	22.11
=	2.35

Baker Technology (SGX:BTP) 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.

Baker Technology Receivables Turnover Related Terms

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Baker Technology (SGX:BTP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Baker Technology Ltd (SGX:BTP) » Definitions » Receivables Turnover

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Traded in Other Exchanges

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Address

10 Jalan Samulun, Singapore, SGP, 629124

Website

https://www.bakertech.com.sg

Baker Technology Ltd is an investment holding company focused on the offshore oil and gas industry. The company's business segments include Marine offshore, Investments and Corporate. The Marine offshore segment is essentially the company's principal business activity as manufacturers and providers of specialized marine offshore equipment and services for the oil and gas industry. The Investments segment relates to the investments in available-for-sale investments. The Corporate segment is involved in corporate services and treasury functions. The company has its geographical presence in Singapore, Middle East, Asia Pacific and Other regions. The Marine-Offshore segment generates maximum revenue for the company.

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