Advanced Holdings (SGX:BLZ) Receivables Turnover : 2.79 (As of Dec. 2023)

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What is Advanced Holdings 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. Advanced Holdings's Revenue for the six months ended in Dec. 2023 was S$5.68 Mil. Advanced Holdings's average Accounts Receivable for the six months ended in Dec. 2023 was S$2.04 Mil. Hence, Advanced Holdings's Receivables Turnover for the six months ended in Dec. 2023 was 2.79.

Advanced Holdings Receivables Turnover Historical Data

The historical data trend for Advanced Holdings'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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Advanced Holdings Receivables Turnover Chart

Advanced Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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8.01

4.97

0.93

2.55

4.47

Advanced Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															-	0.99	0.57	1.96	2.79

Competitive Comparison of Advanced Holdings's Receivables Turnover

For the Oil & Gas Equipment & Services subindustry, Advanced Holdings'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.

Advanced Holdings's Receivables Turnover Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Advanced Holdings's Receivables Turnover distribution charts can be found below:

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

Advanced Holdings Receivables Turnover Calculation

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

Advanced Holdings'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 )
=	8.372	/ (	(1.205	+	2.539)	/	2 )
=	8.372	/	1.872
=	4.47

Advanced Holdings'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 )
=	5.683	/ (	(1.54	+	2.539)	/	2 )
=	5.683	/	2.0395
=	2.79

Advanced Holdings (SGX:BLZ) 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.

Advanced Holdings Receivables Turnover Related Terms

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Advanced Holdings (SGX:BLZ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Advanced Holdings Ltd (SGX:BLZ) » Definitions » Receivables Turnover

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Traded in Other Exchanges

N/A

Address

30 Woodlands Loop, Singapore, SGP, 738319

Website

https://www.advancedholdings.com

Advanced Holdings Ltd is a Singapore based investment holding company. It designs, manufactures, markets and supplies products and solutions to the oil and gas, chemicals and petrochemicals, iron and steel, and other industries. It has two key business divisions: Engineering services and equipment; and Clean Technologies. Geographically, it operates in China, the United States, Kazakhstan, Singapore, Europe, Middle East, Malaysia, Indonesia, and other Asian countries. The company derives most of its revenue from China, followed by the United States and Kazakhstan.

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