Singapore Shipping (SGX:S19) Receivables Turnover : 5.09 (As of Sep. 2023)

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What is Singapore Shipping 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 Shipping's Revenue for the six months ended in Sep. 2023 was S$31.20 Mil. Singapore Shipping's average Accounts Receivable for the six months ended in Sep. 2023 was S$6.14 Mil. Hence, Singapore Shipping's Receivables Turnover for the six months ended in Sep. 2023 was 5.09.

Singapore Shipping Receivables Turnover Historical Data

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

Singapore Shipping Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

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15.34

16.18

15.74

19.68

15.39

Singapore Shipping 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															6.82	6.38	6.43	5.54	5.09

Competitive Comparison of Singapore Shipping's Receivables Turnover

For the Marine Shipping subindustry, Singapore Shipping'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 Shipping's Receivables Turnover Distribution in the Transportation Industry

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

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

Singapore Shipping Receivables Turnover Calculation

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

Singapore Shipping'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 )
=	63.494	/ (	(3.381	+	4.87)	/	2 )
=	63.494	/	4.1255
=	15.39

Singapore Shipping'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 )
=	31.2	/ (	(4.87	+	7.401)	/	2 )
=	31.2	/	6.1355
=	5.09

Singapore Shipping (SGX:S19) 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 Shipping Receivables Turnover Related Terms

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Singapore Shipping (SGX:S19) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Singapore Shipping Corp Ltd (SGX:S19) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

W1M:Germany

Address

200 Cantonment Road, No. 09-01 Southpoint, Singapore, SGP, 089763

Website

http://www.singaporeshipping.com.sg

Singapore Shipping Corp Ltd is a shipping company. It operates in two segments: Ship owning segment which includes ship owning and ship management, and Agency and logistics segment that includes shipping agency, terminal operations, warehousing, and logistics services. The company generates most of the revenue from the Ship owning segment. Further, it also operates in geographical segments like Japan, Singapore, and other countries. It generates most of its revenues from Japan.

Singapore Shipping (SGX:S19) Headlines

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