China PengFei Group (HKSE:03348) Receivables Turnover : 2.29 (As of Dec. 2023)

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What is China PengFei 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 PengFei Group's Revenue for the six months ended in Dec. 2023 was HK$969 Mil. China PengFei Group's average Accounts Receivable for the six months ended in Dec. 2023 was HK$423 Mil. Hence, China PengFei Group's Receivables Turnover for the six months ended in Dec. 2023 was 2.29.

China PengFei Group Receivables Turnover Historical Data

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

China PengFei Group Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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5.35

7.40

18.30

5.16

4.16

China PengFei Group Semi-Annual Data
	Dec16	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial								8.67	2.54	1.38	1.83	2.29

Competitive Comparison of China PengFei Group's Receivables Turnover

For the Specialty Industrial Machinery subindustry, China PengFei 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 PengFei Group's Receivables Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, China PengFei Group's Receivables Turnover distribution charts can be found below:

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

China PengFei Group Receivables Turnover Calculation

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

China PengFei 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 )
=	1891.723	/ (	(535.297	+	373.345)	/	2 )
=	1891.723	/	454.321
=	4.16

China PengFei 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 )
=	969.075	/ (	(472.315	+	373.345)	/	2 )
=	969.075	/	422.83
=	2.29

China PengFei Group (HKSE:03348) 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 PengFei Group Receivables Turnover Related Terms

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China PengFei Group (HKSE:03348) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » China PengFei Group Ltd (HKSE:03348) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Benjiaji, Beijiao, Jiangsu Province, Haian, CHN

Website

http://www.pengfei.com.cn

China PengFei Group Ltd is engaged in equipment manufacturing and installation, and construction of production line business. It manufactures Rotary kilns, Grinding equipment, and their related equipment in the PRC and various markets. The group derives prime revenue from Mainland China.

Executives

Ambon Holding Limited	2101 Beneficial owner
Wang Jiaan	2201 Interest of corporation controlled by you
Pf International Group Limited	2101 Beneficial owner
Pf Global Limited	2101 Beneficial owner

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