Persistence Resources Group (HKSE:02489) Receivables Turnover : 0.00 (As of Dec. 2023)

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What is Persistence Resources 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. Persistence Resources Group's Revenue for the six months ended in Dec. 2023 was HK$204.3 Mil. Persistence Resources Group's average Accounts Receivable for the six months ended in Dec. 2023 was HK$0.0 Mil.

Persistence Resources Group Receivables Turnover Historical Data

The historical data trend for Persistence Resources 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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Persistence Resources Group Receivables Turnover Chart

Persistence Resources Group Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

Persistence Resources Group Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial			-	-	-	-	-

Competitive Comparison of Persistence Resources Group's Receivables Turnover

For the Gold subindustry, Persistence Resources 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.

Persistence Resources Group's Receivables Turnover Distribution in the Metals & Mining Industry

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

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

Persistence Resources Group Receivables Turnover Calculation

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

Persistence Resources 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 )
=	419.424	/ (	(0	+	0)	/	1 )
=	419.424	/	0
=	N/A

Persistence Resources 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 )
=	204.322	/ (	(0	+	0)	/	1 )
=	204.322	/	0
=	N/A

Persistence Resources Group (HKSE:02489) 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.

Persistence Resources Group Receivables Turnover Related Terms

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Persistence Resources Group (HKSE:02489) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Persistence Resources Group Ltd (HKSE:02489) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

199 Des Voeux Road Centra, Level 20, Infinitus Plaza, Hong Kong, HKG

Website

http://www.persistenceresource.com

Persistence Resources Group Ltd is a gold exploration, mining and processing company. It operates the Songjiagou Open-Pit Mine and Songjiagou Underground Mine in Yantai city of Shandong Province of China. The group has one reportable operating segment which is mining and processing gold that is ultimately sold as gold bullion.

Executives

Majestic Gold Corp.	2101 Beneficial owner
Dong Fang Jin Ye Xiang Gang You Xian Gong Si

Persistence Resources Group (HKSE:02489) Headlines

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