Green Future Food Hydrocolloid Marine Science Co (HKSE:01084) Receivables Turnover : 6.21 (As of Dec. 2023)

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What is Green Future Food Hydrocolloid Marine Science Co 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. Green Future Food Hydrocolloid Marine Science Co's Revenue for the six months ended in Dec. 2023 was HK$647 Mil. Green Future Food Hydrocolloid Marine Science Co's average Accounts Receivable for the six months ended in Dec. 2023 was HK$104 Mil. Hence, Green Future Food Hydrocolloid Marine Science Co's Receivables Turnover for the six months ended in Dec. 2023 was 6.21.

Green Future Food Hydrocolloid Marine Science Co Receivables Turnover Historical Data

The historical data trend for Green Future Food Hydrocolloid Marine Science Co'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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Green Future Food Hydrocolloid Marine Science Co Receivables Turnover Chart

Green Future Food Hydrocolloid Marine Science Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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5.59

5.34

6.76

8.55

9.77

Green Future Food Hydrocolloid Marine Science Co Semi-Annual Data
	Dec16	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial								3.79	3.92	4.81	4.48	6.21

Competitive Comparison of Green Future Food Hydrocolloid Marine Science Co's Receivables Turnover

For the Farm Products subindustry, Green Future Food Hydrocolloid Marine Science Co'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.

Green Future Food Hydrocolloid Marine Science Co's Receivables Turnover Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Green Future Food Hydrocolloid Marine Science Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Green Future Food Hydrocolloid Marine Science Co's Receivables Turnover falls into.

Green Future Food Hydrocolloid Marine Science Co Receivables Turnover Calculation

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

Green Future Food Hydrocolloid Marine Science Co'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 )
=	1284.087	/ (	(169.522	+	93.404)	/	2 )
=	1284.087	/	131.463
=	9.77

Green Future Food Hydrocolloid Marine Science Co'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 )
=	646.549	/ (	(114.984	+	93.404)	/	2 )
=	646.549	/	104.194
=	6.21

Green Future Food Hydrocolloid Marine Science Co (HKSE:01084) 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.

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Green Future Food Hydrocolloid Marine Science Co (HKSE:01084) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Green Future Food Hydrocolloid Marine Science Co Ltd (HKSE:01084) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

169 Electric Road, Flat A, 16th Floor, North Point, Hong Kong, HKG

Website

https://www.greenfreshfood.com

Green Future Food Hydrocolloid Marine Science Co Ltd is engaged in manufacturing and sales of food manufacturing hydrocolloid products including carrageenan products, agar-agar products, blended products, and konjac products in the People's Republic of China and overseas. Its segments include Manufacturing and sales of agar-agar products; Manufacturing and sales of carrageenan; Manufacturing and sales of konjac products; Manufacturing and sales of blended products; and Others such as sales of milk powder. Its operations are spread across China, Europe, Asia (excluding China), South America, North America, Africa and Oceania.

Executives

Guo Songsen	2401 A concert party to an agreement to buy shares
Qiu Qiaoya	2202 Interest of your spouse
She Pin Pin	2202 Interest of your spouse
Li Shun Ching Louisa	2202 Interest of your spouse
Chan Shui Yip	2401 A concert party to an agreement to buy shares
Chan Kam Chung	2401 A concert party to an agreement to buy shares
Wu Biling	2202 Interest of your spouse
Winning Path Trading Company Limited	2401 A concert party to an agreement to buy shares
Strong Achievement (bvi) Investment Company Limited	2401 A concert party to an agreement to buy shares
Cos Kreation Investment Development Company Limited	2401 A concert party to an agreement to buy shares
Guo Yuansuo	2401 A concert party to an agreement to buy shares
Guo Songsen	2401 A concert party to an agreement to buy shares
Guo Dongxu	2401 A concert party to an agreement to buy shares
Guo Donghuang	2401 A concert party to an agreement to buy shares
Green Forest (bvi) Investment Company Limited	2401 A concert party to an agreement to buy shares

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