SPC Power (PHS:SPC) Receivables Turnover : 1.46 (As of Mar. 2024)

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What is SPC Power 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. SPC Power's Revenue for the three months ended in Mar. 2024 was ₱820 Mil. SPC Power's average Accounts Receivable for the three months ended in Mar. 2024 was ₱562 Mil. Hence, SPC Power's Receivables Turnover for the three months ended in Mar. 2024 was 1.46.

SPC Power Receivables Turnover Historical Data

The historical data trend for SPC Power'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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SPC Power Receivables Turnover Chart

SPC Power Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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7.95

6.63

8.77

8.54

8.66

SPC Power 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															1.46	1.77	1.63	1.58	1.46

Competitive Comparison of SPC Power's Receivables Turnover

For the Utilities - Regulated Electric subindustry, SPC Power'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.

SPC Power's Receivables Turnover Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, SPC Power's Receivables Turnover distribution charts can be found below:

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

SPC Power Receivables Turnover Calculation

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

SPC Power'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 )
=	4552.437	/ (	(593.891	+	457.829)	/	2 )
=	4552.437	/	525.86
=	8.66

SPC Power'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 )
=	820.42	/ (	(457.829	+	665.661)	/	2 )
=	820.42	/	561.745
=	1.46

SPC Power (PHS:SPC) 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.

SPC Power Receivables Turnover Related Terms

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SPC Power (PHS:SPC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » SPC Power Corp (PHS:SPC) » Definitions » Receivables Turnover

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Address

Archbishop Reyes Avenue, Cebu Business Park, 7th Floor, Cebu Holdings Center, Cebu, PHL, 6000

Website

http://www.spcpowergroup.com

SPC Power Corp is managed through three segments: Generation and supply of power and ancillary services to NPC/PSALM, NGCP, distribution utilities, WESM and other customers; Distribution and sales of electricity to the end-users; and Others segment that operates SECI and SLCI such as to manage, operate and invest in power generating plants and related facilities. It operates and generates revenue principally only in the Philippines.