Perfect Group International Holdings (HKSE:03326) Receivables Turnover : 2.62 (As of Dec. 2023)

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What is Perfect Group International Holdings 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. Perfect Group International Holdings's Revenue for the six months ended in Dec. 2023 was HK$175.2 Mil. Perfect Group International Holdings's average Accounts Receivable for the six months ended in Dec. 2023 was HK$67.0 Mil. Hence, Perfect Group International Holdings's Receivables Turnover for the six months ended in Dec. 2023 was 2.62.

Perfect Group International Holdings Receivables Turnover Historical Data

The historical data trend for Perfect Group International Holdings'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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Perfect Group International Holdings Receivables Turnover Chart

Perfect Group International Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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7.98

5.17

5.88

4.70

5.24

Perfect Group International Holdings Semi-Annual Data
	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														2.64	2.47	1.75	2.40	2.62

Competitive Comparison of Perfect Group International Holdings's Receivables Turnover

For the Luxury Goods subindustry, Perfect Group International Holdings'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.

Perfect Group International Holdings's Receivables Turnover Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Perfect Group International Holdings's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Perfect Group International Holdings's Receivables Turnover falls into.

Perfect Group International Holdings Receivables Turnover Calculation

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

Perfect Group International Holdings'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 )
=	348.711	/ (	(71.78	+	61.4)	/	2 )
=	348.711	/	66.59
=	5.24

Perfect Group International Holdings'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 )
=	175.243	/ (	(72.613	+	61.4)	/	2 )
=	175.243	/	67.0065
=	2.62

Perfect Group International Holdings (HKSE:03326) 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.

Perfect Group International Holdings Receivables Turnover Related Terms

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Perfect Group International Holdings (HKSE:03326) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Perfect Group International Holdings Ltd (HKSE:03326) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

No. 1 Sheung Yuet Road, 26th Floor, YHC Tower, Kowloon Bay, Hong Kong, HKG

Website

https://www.hkperjew.com.hk

Perfect Group International Holdings Ltd is engaged in the design, manufacture, and sales of jewellery products mounted with diamonds. The company has two reportable segments namely Manufacturing and sales of jewellery products and Property development business. Geographically, it generates the majority of its revenue from Hong Kong and has an operation in the PRC and Dubai. It offers products such as rings, earrings, pendants, bangles, necklaces, bracelets, and others.

Executives

Kan Kin Kwong	2101 Beneficial owner
Shek Mei Chun	2202 Interest of your spouse
Chow Chin Yui Angela	2101 Beneficial owner
Classic Sapphire Holdings Limited	2101 Beneficial owner
Richemont Asset Management Limited

Perfect Group International Holdings (HKSE:03326) Headlines

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