China Graphite Group (HKSE:02237) Receivables Turnover : 1.59 (As of Dec. 2023)

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What is China Graphite 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. China Graphite Group's Revenue for the six months ended in Dec. 2023 was HK$169.3 Mil. China Graphite Group's average Accounts Receivable for the six months ended in Dec. 2023 was HK$106.6 Mil. Hence, China Graphite Group's Receivables Turnover for the six months ended in Dec. 2023 was 1.59.

China Graphite Group Receivables Turnover Historical Data

The historical data trend for China Graphite 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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China Graphite Group Receivables Turnover Chart

China Graphite Group Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

2.25

2.58

3.00

3.50

1.86

China Graphite Group Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial			2.09	1.55	2.24	0.55	1.59

Competitive Comparison of China Graphite Group's Receivables Turnover

For the Other Industrial Metals & Mining subindustry, China Graphite 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.

China Graphite Group's Receivables Turnover Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, China Graphite Group's Receivables Turnover distribution charts can be found below:

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

China Graphite Group Receivables Turnover Calculation

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

China Graphite 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 )
=	220.937	/ (	(106.369	+	130.953)	/	2 )
=	220.937	/	118.661
=	1.86

China Graphite 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 )
=	169.298	/ (	(82.24	+	130.953)	/	2 )
=	169.298	/	106.5965
=	1.59

China Graphite Group (HKSE:02237) 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.

China Graphite Group Receivables Turnover Related Terms

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China Graphite Group (HKSE:02237) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » China Graphite Group Ltd (HKSE:02237) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Yanjun Farm, No. 1, Building 1, Graphite Development Zone, Luobei County, Heilongjiang Province, Hegang, CHN

Website

https://www.chinagraphite.com.hk

China Graphite Group Ltd is engaged in the production and sales of flake graphite concentrate and Sale of spherical graphite and its by-products, and unprocessed marble in China. All of the Group's activities are carried out in the People's Republic of China.

Executives

Sandy Mining Limited	2101 Beneficial owner
Zhao Liang	2201 Interest of corporation controlled by you

China Graphite Group (HKSE:02237) Headlines

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