Credit Bureau Asia (SGX:TCU) Receivables Turnover : 4.05 (As of Dec. 2023)

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What is Credit Bureau Asia 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. Credit Bureau Asia's Revenue for the six months ended in Dec. 2023 was S$27.81 Mil. Credit Bureau Asia's average Accounts Receivable for the six months ended in Dec. 2023 was S$6.87 Mil. Hence, Credit Bureau Asia's Receivables Turnover for the six months ended in Dec. 2023 was 4.05.

Credit Bureau Asia Receivables Turnover Historical Data

The historical data trend for Credit Bureau Asia'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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Credit Bureau Asia Receivables Turnover Chart

Credit Bureau Asia Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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8.98

8.32

8.35

8.85

8.96

Credit Bureau Asia Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial							4.13	4.13	4.30	4.07	4.05

Competitive Comparison of Credit Bureau Asia's Receivables Turnover

For the Financial Data & Stock Exchanges subindustry, Credit Bureau Asia'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.

Credit Bureau Asia's Receivables Turnover Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Credit Bureau Asia's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Credit Bureau Asia's Receivables Turnover falls into.

Credit Bureau Asia Receivables Turnover Calculation

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

Credit Bureau Asia'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 )
=	54.17	/ (	(5.652	+	6.436)	/	2 )
=	54.17	/	6.044
=	8.96

Credit Bureau Asia'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 )
=	27.814	/ (	(7.294	+	6.436)	/	2 )
=	27.814	/	6.865
=	4.05

Credit Bureau Asia (SGX:TCU) 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.

Credit Bureau Asia Receivables Turnover Related Terms

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Credit Bureau Asia (SGX:TCU) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Credit Bureau Asia Ltd (SGX:TCU) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

6 Shenton Way, No. 17-10 OUE Downtown 2, Singapore, SGP, 068809

Website

https://www.creditbureauasia.com

Credit Bureau Asia Ltd is a provider of credit and risk information solutions in Southeast Asia. The company provides credit and risk information solutions to a client base of banks, financial institutions, multinational corporations, telecommunication companies, government bodies and public agencies, local enterprises, and individuals across Singapore, Malaysia, Cambodia, and Myanmar (the Territories). It assists its customers to make informed, timely decisions by enhancing their risk assessment and decision-making processes with the help of products and services which include credit and risk information reports, credit scores, monitoring services, data trends and analytics, and client-specific tailored solutions.

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