Sim Leisure Group (SGX:URR) Receivables Turnover : 2.07 (As of Dec. 2023)

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What is Sim Leisure Group 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. Sim Leisure Group's Revenue for the six months ended in Dec. 2023 was S$22.85 Mil. Sim Leisure Group's average Accounts Receivable for the six months ended in Dec. 2023 was S$11.02 Mil. Hence, Sim Leisure Group's Receivables Turnover for the six months ended in Dec. 2023 was 2.07.

Sim Leisure Group Receivables Turnover Historical Data

The historical data trend for Sim Leisure Group'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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Sim Leisure Group Receivables Turnover Chart

Sim Leisure Group Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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44.70

14.88

6.33

8.86

5.40

Sim Leisure Group Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial								2.27	3.48	3.87	2.30	2.07

Competitive Comparison of Sim Leisure Group's Receivables Turnover

For the Leisure subindustry, Sim Leisure Group'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.

Sim Leisure Group's Receivables Turnover Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Sim Leisure Group's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Sim Leisure Group's Receivables Turnover falls into.

Sim Leisure Group Receivables Turnover Calculation

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

Sim Leisure Group'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 )
=	38.746	/ (	(3.182	+	11.17)	/	2 )
=	38.746	/	7.176
=	5.40

Sim Leisure Group'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 )
=	22.847	/ (	(10.864	+	11.17)	/	2 )
=	22.847	/	11.017
=	2.07

Sim Leisure Group (SGX:URR) 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.

Sim Leisure Group Receivables Turnover Related Terms

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Sim Leisure Group (SGX:URR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Sim Leisure Group Ltd (SGX:URR) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

828 Jalan Teluk Bahang, Teluk Bahang, PNG, MYS, 11050

Website

https://www.simleisuregroup.com

Sim Leisure Group Ltd and its subsidiaries are engaged in the theme park operations and events. The company presently operates Theme Parks, ESCAPE AdventurePlay and ESCAPE Waterplay, which is co-located next to each other in Penang, Malaysia and caters to local and foreign visitors and tourists. It derives revenue from ticketing, food and beverages, merchandising sales and services from operating theme parks in Malaysia. The group's revenue is mainly derived from Malaysia.

Sim Leisure Group (SGX:URR) Headlines

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