Skyworth Group (Skyworth Group) Receivables Turnover : 2.04 (As of Dec. 2023)

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What is Skyworth 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. Skyworth Group's Revenue for the six months ended in Dec. 2023 was $5,144 Mil. Skyworth Group's average Accounts Receivable for the six months ended in Dec. 2023 was $2,518 Mil. Hence, Skyworth Group's Receivables Turnover for the six months ended in Dec. 2023 was 2.04.

Skyworth Group Receivables Turnover Historical Data

The historical data trend for Skyworth 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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Skyworth Group Receivables Turnover Chart

Skyworth Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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4.33

4.47

5.64

4.05

4.08

Skyworth Group Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															3.08	2.71	2.33	1.80	2.04

Competitive Comparison of Skyworth Group's Receivables Turnover

For the Consumer Electronics subindustry, Skyworth 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.

Skyworth Group's Receivables Turnover Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Skyworth Group's Receivables Turnover distribution charts can be found below:

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

Skyworth Group Receivables Turnover Calculation

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

Skyworth 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 )
=	9667.936	/ (	(2356.527	+	2382.986)	/	2 )
=	9667.936	/	2369.7565
=	4.08

Skyworth 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 )
=	5144.254	/ (	(2652.833	+	2382.986)	/	2 )
=	5144.254	/	2517.9095
=	2.04

Skyworth Group (OTCPK:SWDHF) 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.

Skyworth Group Receivables Turnover Related Terms

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Skyworth Group (Skyworth Group) Business Description

Industry

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00751:Hong Kong KYW:Germany

Address

20 Westlands Road, Rooms 1601-04 Westlands Centre, Quarry Bay, Hong Kong, HKG

Website

http://www.skyworth.com

Skyworth Group Ltd is principally engaged in the manufacture and sales of smart TV systems, home access systems, smart white appliances, intelligent manufacturing, internet value-added services, property development, property holding, photovoltaic products, modern services, and trading of other products. The company has four operating segments; Multimedia business, Smart systems technology business, New energy business, and Smart appliances business. The Group's operations are located in the PRC, Asia (other than the PRC), the Americas, Europe, Africa, and other regions and it derives a majority of its revenue from the People's Republic of China.