Grand Ming Group Holdings (HKSE:01271) Receivables Turnover : 5.98 (As of Sep. 2023)

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What is Grand Ming Group 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. Grand Ming Group Holdings's Revenue for the six months ended in Sep. 2023 was HK$191.7 Mil. Grand Ming Group Holdings's average Accounts Receivable for the six months ended in Sep. 2023 was HK$32.1 Mil. Hence, Grand Ming Group Holdings's Receivables Turnover for the six months ended in Sep. 2023 was 5.98.

Grand Ming Group Holdings Receivables Turnover Historical Data

The historical data trend for Grand Ming Group 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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Grand Ming Group Holdings Receivables Turnover Chart

Grand Ming Group Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

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4.30

12.78

25.41

24.32

133.56

Grand Ming Group Holdings Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Receivables Turnover	Get a 7-Day Free Trial															19.07	6.40	131.15	2.36	5.98

Competitive Comparison of Grand Ming Group Holdings's Receivables Turnover

For the Engineering & Construction subindustry, Grand Ming Group 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.

Grand Ming Group Holdings's Receivables Turnover Distribution in the Construction Industry

For the Construction industry and Industrials sector, Grand Ming Group Holdings's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Grand Ming Group Holdings's Receivables Turnover falls into.

Grand Ming Group Holdings Receivables Turnover Calculation

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

Grand Ming Group Holdings's Receivables Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Receivables Turnover (A: Mar. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2023 )	/ (	(Accounts Receivable (A: Mar. 2022 )	+	Accounts Receivable (A: Mar. 2023 ))	/	count )
=	5004.56	/ (	(39.129	+	35.811)	/	2 )
=	5004.56	/	37.47
=	133.56

Grand Ming Group Holdings's Receivables Turnover for the quarter that ended in Sep. 2023 is calculated as

	Receivables Turnover (Q: Sep. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2023 )	/ (	(Accounts Receivable (Q: Mar. 2023 )	+	Accounts Receivable (Q: Sep. 2023 ))	/	count )
=	191.702	/ (	(35.811	+	28.313)	/	2 )
=	191.702	/	32.062
=	5.98

Grand Ming Group Holdings (HKSE:01271) 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.

Grand Ming Group Holdings Receivables Turnover Related Terms

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Grand Ming Group Holdings (HKSE:01271) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Grand Ming Group Holdings Ltd (HKSE:01271) » Definitions » Receivables Turnover

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Address

No. 39 Chatham Road South, 22nd Floor, Railway Plaza, Tsim Sha Tsui, Kowloon, Hong Kong, HKG

Website

https://www.grandming.com.hk

Grand Ming Group Holdings Ltd is an investment holding company. The segments in which the company operates include Construction is a key revenue driver, which includes contracts for residential buildings, commercial buildings, and data centers; Property leasing, which includes leasing of data centers; and Property development segment includes the development and sale of properties. All of its activities are carried out in Hong Kong.

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