Singapore Post (SGX:S08) Receivables Turnover : 3.70 (As of Sep. 2023)

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What is Singapore Post 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. Singapore Post's Revenue for the six months ended in Sep. 2023 was S$827 Mil. Singapore Post's average Accounts Receivable for the six months ended in Sep. 2023 was S$224 Mil. Hence, Singapore Post's Receivables Turnover for the six months ended in Sep. 2023 was 3.70.

Singapore Post Receivables Turnover Historical Data

The historical data trend for Singapore Post'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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Singapore Post Receivables Turnover Chart

Singapore Post Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

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5.08

5.17

6.79

8.58

8.37

Singapore Post Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Receivables Turnover	Get a 7-Day Free Trial															4.27	4.66	4.22	4.01	3.70

Competitive Comparison of Singapore Post's Receivables Turnover

For the Integrated Freight & Logistics subindustry, Singapore Post'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.

Singapore Post's Receivables Turnover Distribution in the Transportation Industry

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

* The bar in red indicates where Singapore Post's Receivables Turnover falls into.

Singapore Post Receivables Turnover Calculation

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

Singapore Post's Receivables Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Receivables Turnover (A: Mar. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2023 )	/ (	(Accounts Receivable (A: Mar. 2022 )	+	Accounts Receivable (A: Mar. 2023 ))	/	count )
=	1872.259	/ (	(223.272	+	224.21)	/	2 )
=	1872.259	/	223.741
=	8.37

Singapore Post's Receivables Turnover for the quarter that ended in Sep. 2023 is calculated as

	Receivables Turnover (Q: Sep. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2023 )	/ (	(Accounts Receivable (Q: Mar. 2023 )	+	Accounts Receivable (Q: Sep. 2023 ))	/	count )
=	827.29	/ (	(224.21	+	223.056)	/	2 )
=	827.29	/	223.633
=	3.70

Singapore Post (SGX:S08) 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.

Singapore Post Receivables Turnover Related Terms

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Singapore Post (SGX:S08) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Singapore Post Ltd (SGX:S08) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

SPSTY:USA SPSTF:USA SGR:Germany

Address

10 Eunos Road 8, Singapore Post Centre, Singapore, SGP, 408600

Website

https://www.singpost.com

Singapore Post Ltd is a Singapore-based provider of mail and parcel delivery services. It operates through three business segments: post and parcel, logistics, and property. The post and parcel operating unit provides delivery services such as collecting, transporting, and distributing mail. The logistics segment provides services such as freight forwarding, warehousing, last-mile delivery, and distribution and fulfillment services. The property segment leases commercial and self-storage properties. SingPost has operations in Singapore and Australia, with the majority of its sales in Singapore. Additionally, the majority of SingPost's revenue is generated from its post and parcel business unit.

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