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Parkson Retail Group (Parkson Retail Group) Receivables Turnover : 2.97 (As of Dec. 2023)


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What is Parkson Retail 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. Parkson Retail Group's Revenue for the three months ended in Dec. 2023 was $119.9 Mil. Parkson Retail Group's average Accounts Receivable for the three months ended in Dec. 2023 was $40.4 Mil. Hence, Parkson Retail Group's Receivables Turnover for the three months ended in Dec. 2023 was 2.97.


Parkson Retail Group Receivables Turnover Historical Data

The historical data trend for Parkson Retail 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.

* Premium members only.

Parkson Retail Group Receivables Turnover Chart

Parkson Retail Group Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 16.28 15.69 17.91 14.61 14.14

Parkson Retail Group Quarterly Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.24 4.09 3.75 3.06 2.97

Competitive Comparison of Parkson Retail Group's Receivables Turnover

For the Department Stores subindustry, Parkson Retail 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.


Parkson Retail Group's Receivables Turnover Distribution in the Retail - Cyclical Industry

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

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



Parkson Retail Group Receivables Turnover Calculation

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

Parkson Retail 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 )
=510.543 / ((31.71 + 40.505) / 2 )
=510.543 / 36.1075
=14.14

Parkson Retail 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: Sep. 2023 ) + Accounts Receivable (Q: Dec. 2023 )) / count )
=119.873 / ((40.266 + 40.505) / 2 )
=119.873 / 40.3855
=2.97

* 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.


Parkson Retail Group  (OTCPK:PKSGY) 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.


Parkson Retail Group Receivables Turnover Related Terms

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Parkson Retail Group (Parkson Retail Group) Business Description

Traded in Other Exchanges
Address
No. 555, Loushanguan Road, 5th Floor, Metro Plaza, Changning District, Shanghai, CHN, 200051
Parkson Retail Group Ltd is engaged in departmental store operations. It manages a diversified collection of retail formats - including department stores, shopping malls, city outlets, supermarkets, and food & beverage outlets. The Group has one major operating segment: Retail. It operates mainly in the PRC.

Parkson Retail Group (Parkson Retail Group) Headlines

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