GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Galaxy Payroll Group Ltd (NAS:GLXG) » Definitions » Receivables Turnover

GLXG (Galaxy Payroll Group) Receivables Turnover : 5.40 (As of Jun. 2024)


View and export this data going back to 2024. Start your Free Trial

What is Galaxy Payroll 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. Galaxy Payroll Group's Revenue for the six months ended in Jun. 2024 was $1.93 Mil. Galaxy Payroll Group's average Accounts Receivable for the six months ended in Jun. 2024 was $0.36 Mil. Hence, Galaxy Payroll Group's Receivables Turnover for the six months ended in Jun. 2024 was 5.40.

Galaxy Payroll Group Receivables Turnover Historical Data

The historical data trend for Galaxy Payroll 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.

Galaxy Payroll Group Receivables Turnover Chart

Galaxy Payroll Group Annual Data
Trend Jun21 Jun22 Jun23 Jun24
Receivables Turnover
10.09 7.50 5.59 12.56

Galaxy Payroll Group Semi-Annual Data
Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Receivables Turnover Get a 7-Day Free Trial 2.39 2.34 4.79 5.69 5.40

Competitive Comparison of Galaxy Payroll Group's Receivables Turnover

For the Staffing & Employment Services subindustry, Galaxy Payroll 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.

Galaxy Payroll Group's Receivables Turnover Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Galaxy Payroll Group's Receivables Turnover distribution charts can be found below:

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


;
;

Galaxy Payroll Group Receivables Turnover Calculation

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

Galaxy Payroll Group's Receivables Turnover for the fiscal year that ended in Jun. 2024 is calculated as

Receivables Turnover (A: Jun. 2024 )
=Revenue / Average Total Inventories
=Revenue (A: Jun. 2024 ) / ((Accounts Receivable (A: Jun. 2023 ) + Accounts Receivable (A: Jun. 2024 )) / count )
=3.857 / ((0.287 + 0.327) / 2 )
=3.857 / 0.307
=12.56

Galaxy Payroll Group's Receivables Turnover for the quarter that ended in Jun. 2024 is calculated as

Receivables Turnover (Q: Jun. 2024 )
=Revenue / Average Total Inventories
=Revenue (Q: Jun. 2024 ) / ((Accounts Receivable (Q: Dec. 2023 ) + Accounts Receivable (Q: Jun. 2024 )) / count )
=1.934 / ((0.389 + 0.327) / 2 )
=1.934 / 0.358
=5.40

* 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.

Galaxy Payroll Group  (NAS:GLXG) 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.

Galaxy Payroll Group Receivables Turnover Related Terms

Thank you for viewing the detailed overview of Galaxy Payroll Group's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Galaxy Payroll Group Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Galaxy Payroll Group Ltd (NAS:GLXG) » Definitions » Receivables Turnover
Comparable Companies
RLBY IPDN JOB HSON NIXX BGSF XAMS:RAND RHI XSWX:ADEN TSE:2181 TNET KFY NSP TSE:6028 MAN SHSE:600861 TSE:9744 LSE:HAS WAR:GPP TSE:2154
Traded in Other Exchanges
N/A
Address
77 Wing Lok Street, 25th Floor, Ovest, Sheung Wan, Hong Kong, HKG
Website
https://www.galaxy-hk.com
Galaxy Payroll Group Ltd provides payroll outsourcing, employment, consultancy, and market research services based in Hong Kong. Its client base includes retail, trading, industrial, IT, financial, and professional services industries. Geographically, the company derives maximum revenue from its clients in the People's Republic of China and the rest from Hong Kong, Macau, Taiwan, Japan, Thailand, Singapore, and other countries.