Pico Far East Holdings (HKSE:00752) Receivables Turnover : 3.38 (As of Oct. 2023)

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What is Pico Far East 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. Pico Far East Holdings's Revenue for the six months ended in Oct. 2023 was HK$2,835 Mil. Pico Far East Holdings's average Accounts Receivable for the six months ended in Oct. 2023 was HK$839 Mil. Hence, Pico Far East Holdings's Receivables Turnover for the six months ended in Oct. 2023 was 3.38.

Pico Far East Holdings Receivables Turnover Historical Data

The historical data trend for Pico Far East 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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Pico Far East Holdings Receivables Turnover Chart

Pico Far East Holdings Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Receivables Turnover

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3.92

3.80

5.75

6.17

7.12

Pico Far East Holdings Semi-Annual Data
	Apr14	Oct14	Apr15	Oct15	Apr16	Oct16	Apr17	Oct17	Apr18	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23
Receivables Turnover	Get a 7-Day Free Trial															2.47	2.48	2.36	3.06	3.38

Competitive Comparison of Pico Far East Holdings's Receivables Turnover

For the Advertising Agencies subindustry, Pico Far East 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.

Pico Far East Holdings's Receivables Turnover Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Pico Far East Holdings's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Pico Far East Holdings's Receivables Turnover falls into.

Pico Far East Holdings Receivables Turnover Calculation

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

Pico Far East Holdings's Receivables Turnover for the fiscal year that ended in Oct. 2023 is calculated as

	Receivables Turnover (A: Oct. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Oct. 2023 )	/ (	(Accounts Receivable (A: Oct. 2022 )	+	Accounts Receivable (A: Oct. 2023 ))	/	count )
=	5327.931	/ (	(723.878	+	773.052)	/	2 )
=	5327.931	/	748.465
=	7.12

Pico Far East Holdings's Receivables Turnover for the quarter that ended in Oct. 2023 is calculated as

	Receivables Turnover (Q: Oct. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Oct. 2023 )	/ (	(Accounts Receivable (Q: Apr. 2023 )	+	Accounts Receivable (Q: Oct. 2023 ))	/	count )
=	2834.751	/ (	(905.576	+	773.052)	/	2 )
=	2834.751	/	839.314
=	3.38

Pico Far East Holdings (HKSE:00752) 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.

Pico Far East Holdings Receivables Turnover Related Terms

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Pico Far East Holdings (HKSE:00752) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Pico Far East Holdings Ltd (HKSE:00752) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

PJFB:Germany

Address

Pico House, 4 Dai Fu Street, Tai Po Industrial Estate, New Territories, Hong Kong, HKG

Website

https://www.pico.com

Pico Far East Holdings Ltd is in brand activation. It promotes brands provides exhibition and event marketing services. Its services include events, exhibitions, visual identity, interior and retail, themed environment, venue management, conference and exhibition management, expo, and sports. The company's operating segment includes Exhibition, event and brand activation; Visual branding activation; Museum and themed environment and Meeting architecture activation. It generates maximum revenue from the Exhibition, event and brand activation segment. Geographically, it derives a majority of revenue from Greater China.

Pico Far East Holdings (HKSE:00752) Headlines

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