DigiAsia (DigiAsia) Receivables Turnover : 165.18 (As of Dec. 2022)

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What is DigiAsia 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. DigiAsia's Revenue for the six months ended in Dec. 2022 was $42.45 Mil. DigiAsia's average Accounts Receivable for the six months ended in Dec. 2022 was $0.26 Mil. Hence, DigiAsia's Receivables Turnover for the six months ended in Dec. 2022 was 163.28.

DigiAsia Receivables Turnover Historical Data

The historical data trend for DigiAsia'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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DigiAsia Receivables Turnover Chart

DigiAsia Annual Data

Trend

Dec21

Dec22

Dec23

Receivables Turnover

116.83

163.28

DigiAsia Semi-Annual Data
	Dec21	Dec22	Dec23
Receivables Turnover	116.83	165.18	-

Competitive Comparison of DigiAsia's Receivables Turnover

For the Software - Infrastructure subindustry, DigiAsia'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.

DigiAsia's Receivables Turnover Distribution in the Software Industry

For the Software industry and Technology sector, DigiAsia's Receivables Turnover distribution charts can be found below:

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

DigiAsia Receivables Turnover Calculation

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

DigiAsia'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 )
=	0	/ (	(0.257	+	0)	/	1 )
=	0	/	0.257
=	N/A

DigiAsia's Receivables Turnover for the quarter that ended in Dec. 2022 is calculated as

	Receivables Turnover (Q: Dec. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2022 )	/ (	(Accounts Receivable (Q: Dec. 2021 )	+	Accounts Receivable (Q: Dec. 2022 ))	/	count )
=	42.452	/ (	(0.263	+	0.257)	/	2 )
=	42.452	/	0.26
=	163.28

DigiAsia (NAS:FAAS) 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.

DigiAsia Receivables Turnover Related Terms

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DigiAsia (DigiAsia) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » DigiAsia Corp (NAS:FAAS) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

One Raffles Place, No. 28-02, Singapore, SGP, 048616

Website

https://www.digiasia.asia

DigiAsia Bios Pte Ltd operates as a holding company. The majority of DigiAsia's operations are currently conducted through its majority-owned entities, controlled entities and corporate joint venture. It is among the first embedded fintech as a service (EFaaS) companies in Indonesia serving business-to-business-to-consumer (B2B2C) customers, such as large corporations and state-owned enterprises, as well as business-to-business (B2B) customers, such as micro, small and medium-sized enterprise (MSME) merchants, across various segments. It aims to be a leading fintech-enabling platform in Southeast Asia by accelerating financial inclusion through its licenses and technology stack and combining the benefits of technological innovation with traditional financial services.