Grand T G Gold Holdings (HKSE:08299) Receivables Turnover : 0.41 (As of Sep. 2023)

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What is Grand T G Gold 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. Grand T G Gold Holdings's Revenue for the three months ended in Sep. 2023 was HK$31.8 Mil. Grand T G Gold Holdings's average Accounts Receivable for the three months ended in Sep. 2023 was HK$77.8 Mil. Hence, Grand T G Gold Holdings's Receivables Turnover for the three months ended in Sep. 2023 was 0.41.

Grand T G Gold Holdings Receivables Turnover Historical Data

The historical data trend for Grand T G Gold 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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Grand T G Gold Holdings Receivables Turnover Chart

Grand T G Gold Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

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8.80

9.50

5.40

Grand T G Gold Holdings Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Receivables Turnover	Get a 7-Day Free Trial															-	-	0.87	1.29	0.41

Competitive Comparison of Grand T G Gold Holdings's Receivables Turnover

For the Gold subindustry, Grand T G Gold 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.

Grand T G Gold Holdings's Receivables Turnover Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Grand T G Gold Holdings's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Grand T G Gold Holdings's Receivables Turnover falls into.

Grand T G Gold Holdings Receivables Turnover Calculation

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

Grand T G Gold Holdings's Receivables Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Receivables Turnover (A: Mar. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2023 )	/ (	(Accounts Receivable (A: Mar. 2022 )	+	Accounts Receivable (A: Mar. 2023 ))	/	count )
=	153.195	/ (	(15.697	+	41.072)	/	2 )
=	153.195	/	28.3845
=	5.40

Grand T G Gold Holdings's Receivables Turnover for the quarter that ended in Sep. 2023 is calculated as

	Receivables Turnover (Q: Sep. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2023 )	/ (	(Accounts Receivable (Q: Jun. 2023 )	+	Accounts Receivable (Q: Sep. 2023 ))	/	count )
=	31.801	/ (	(0	+	77.822)	/	1 )
=	31.801	/	77.822
=	0.41

Grand T G Gold Holdings (HKSE:08299) 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.

Grand T G Gold Holdings Receivables Turnover Related Terms

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Grand T G Gold Holdings (HKSE:08299) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Grand T G Gold Holdings Ltd (HKSE:08299) » Definitions » Receivables Turnover

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Address

305-313 Queen’s Road Central, Roon A-B, 8th Floor, Centre Mark II, Sheung Wan, Hong Kong, HKG

Website

https://www.grandtg.com

Grand T G Gold Holdings Ltd is an investment holding company. Its subsidiaries are principally engaged in gold exploration, mining, mineral processing, the sale of gold concentrate, and related products. Its segments are Gold mining and Corporate. The group's operations are located in Hong Kong and other parts of the People's Republic of China whereas the principal markets for the group's products are mainly located in other parts of the People's Republic of China.

Grand T G Gold Holdings (HKSE:08299) Headlines

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