Sai Gon Thuong Tin Real Estate Joint Stock Company (STC:SCR) Receivables Turnover : 0.21 (As of Mar. 2024)

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What is Sai Gon Thuong Tin Real Estate Joint Stock Company 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. Sai Gon Thuong Tin Real Estate Joint Stock Company's Revenue for the three months ended in Mar. 2024 was ₫68,971 Mil. Sai Gon Thuong Tin Real Estate Joint Stock Company's average Accounts Receivable for the three months ended in Mar. 2024 was ₫322,640 Mil. Hence, Sai Gon Thuong Tin Real Estate Joint Stock Company's Receivables Turnover for the three months ended in Mar. 2024 was 0.21.

Sai Gon Thuong Tin Real Estate Joint Stock Company Receivables Turnover Historical Data

The historical data trend for Sai Gon Thuong Tin Real Estate Joint Stock Company'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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Sai Gon Thuong Tin Real Estate Joint Stock Company Receivables Turnover Chart

Sai Gon Thuong Tin Real Estate Joint Stock Company Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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1.92

2.02

5.69

3.91

1.13

Sai Gon Thuong Tin Real Estate Joint Stock Company Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															0.40	0.36	0.57	0.29	0.21

Competitive Comparison of Sai Gon Thuong Tin Real Estate Joint Stock Company's Receivables Turnover

For the Real Estate - Diversified subindustry, Sai Gon Thuong Tin Real Estate Joint Stock Company'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.

Sai Gon Thuong Tin Real Estate Joint Stock Company's Receivables Turnover Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Sai Gon Thuong Tin Real Estate Joint Stock Company's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Sai Gon Thuong Tin Real Estate Joint Stock Company's Receivables Turnover falls into.

Sai Gon Thuong Tin Real Estate Joint Stock Company Receivables Turnover Calculation

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

Sai Gon Thuong Tin Real Estate Joint Stock Company'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 )
=	371202.027	/ (	(216073.178	+	441396.106)	/	2 )
=	371202.027	/	328734.642
=	1.13

Sai Gon Thuong Tin Real Estate Joint Stock Company's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	68970.959	/ (	(441396.106	+	203883.158)	/	2 )
=	68970.959	/	322639.632
=	0.21

Sai Gon Thuong Tin Real Estate Joint Stock Company (STC:SCR) 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.

Sai Gon Thuong Tin Real Estate Joint Stock Company Receivables Turnover Related Terms

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Sai Gon Thuong Tin Real Estate Joint Stock Company (STC:SCR) Business Description

Industry

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Traded in Other Exchanges

N/A

Address

No 253 Hoang Van Thu, TTC Building, Ward 2, Tan Binh District, Ho Chi Minh City, VNM

Website

https://ttcland.vn

Sai Gon Thuong Tin Real Estate Joint Stock Company is engaged in trade in real estate, own land use rights, lease land use rights and houses, and invest and construct the infrastructure of industrial parks. The projects of the company are belleza apartment, carillon apartment, and hoa binh sacromreal project.