A-Sonic Aerospace (SGX:BTJ) Receivables Turnover : 3.32 (As of Dec. 2023)

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What is A-Sonic Aerospace 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. A-Sonic Aerospace's Revenue for the six months ended in Dec. 2023 was S$138.2 Mil. A-Sonic Aerospace's average Accounts Receivable for the six months ended in Dec. 2023 was S$41.6 Mil. Hence, A-Sonic Aerospace's Receivables Turnover for the six months ended in Dec. 2023 was 3.32.

A-Sonic Aerospace Receivables Turnover Historical Data

The historical data trend for A-Sonic Aerospace'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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A-Sonic Aerospace Receivables Turnover Chart

A-Sonic Aerospace Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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6.67

8.52

11.26

10.12

8.33

A-Sonic Aerospace 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															5.63	4.23	3.69	3.59	3.32

Competitive Comparison of A-Sonic Aerospace's Receivables Turnover

For the Integrated Freight & Logistics subindustry, A-Sonic Aerospace'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.

A-Sonic Aerospace's Receivables Turnover Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, A-Sonic Aerospace's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where A-Sonic Aerospace's Receivables Turnover falls into.

A-Sonic Aerospace Receivables Turnover Calculation

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

A-Sonic Aerospace'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 )
=	287.77	/ (	(34.986	+	34.082)	/	2 )
=	287.77	/	34.534
=	8.33

A-Sonic Aerospace'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 )
=	138.191	/ (	(49.163	+	34.082)	/	2 )
=	138.191	/	41.6225
=	3.32

A-Sonic Aerospace (SGX:BTJ) 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.

A-Sonic Aerospace Receivables Turnover Related Terms

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A-Sonic Aerospace (SGX:BTJ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » A-Sonic Aerospace Ltd (SGX:BTJ) » Definitions » Receivables Turnover

Comparable Companies

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ASNCF:USA

Address

10 Anson Road, No. 24-07, International Plaza, Singapore, SGP, 079903

Website

https://www.asonic-aerospace.com

A-Sonic Aerospace Ltd is engaged in providing supply chain management services. The company provides domestic multi-modal transportation, warehousing, distribution, customs clearance, and airport ground services. Its business is divided into two segments namely Aviation which includes aircraft systems and components to airlines and aviation maintenance repair organizations, and Logistics that includes services like Airside Logistics and Transportation, Air Cargo Management and Logistics and Supply Chain Management Services. It generates a majority of its revenue from the Logistics Segment. Geographically, the company gets a majority of its share of the revenue from The People's Republic of China.

A-Sonic Aerospace (SGX:BTJ) Headlines

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