CNT Group (HKSE:00701) Receivables Turnover : 1.05 (As of Dec. 2023)

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What is CNT Group 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. CNT Group's Revenue for the six months ended in Dec. 2023 was HK$239.4 Mil. CNT Group's average Accounts Receivable for the six months ended in Dec. 2023 was HK$227.7 Mil. Hence, CNT Group's Receivables Turnover for the six months ended in Dec. 2023 was 1.05.

CNT Group Receivables Turnover Historical Data

The historical data trend for CNT Group'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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CNT Group Receivables Turnover Chart

CNT Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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2.21

2.41

2.22

1.81

2.14

CNT Group 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															1.07	0.77	0.97	0.85	1.05

Competitive Comparison of CNT Group's Receivables Turnover

For the Specialty Chemicals subindustry, CNT Group'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.

CNT Group's Receivables Turnover Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, CNT Group's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where CNT Group's Receivables Turnover falls into.

CNT Group Receivables Turnover Calculation

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

CNT Group'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 )
=	495.654	/ (	(306.227	+	156.933)	/	2 )
=	495.654	/	231.58
=	2.14

CNT Group'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 )
=	239.366	/ (	(298.53	+	156.933)	/	2 )
=	239.366	/	227.7315
=	1.05

CNT Group (HKSE:00701) 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.

CNT Group Receivables Turnover Related Terms

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CNT Group (HKSE:00701) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » CNT Group Ltd (HKSE:00701) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

338 Hennessy Road, 28th Floor, Unit E, CNT Tower, Wanchai, Hong Kong, HKG

Website

https://www.cntgroup.com.hk

CNT Group Ltd is principally engaged in the manufacture and sale of paint products, property investment, iron and steel trading, and investment holding activities. The company operates through the business segments are, The Paint products segment engages in the manufacture and sale of paint products. The Property investment segment comprises the investment in residential, commercial and industrial premises for their rental income potential and development and sale of properties. The Iron and steel trading segment comprises the trading of iron and steel products and related investments. The Hotel business segment, and the other segment comprises, principally, investment holding and securities trading. Majority of the company's revenue comes from the Paint products segment in Mainland China.

Executives

Prime Surplus Limited	2101 Beneficial owner
Ho Mei Po, Mabel	2202 Interest of your spouse
Tsui Ho Chuen, Philip	2201 Interest of corporation controlled by you
Polygold Holdings Limited	2201 Interest of corporation controlled by you
Rapid Growth Ltd.	2301 Trustee
Xie Jian Ming	2201 Interest of corporation controlled by you

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