MOG Digitech Holdings (HKSE:01942) Receivables Turnover : 1.74 (As of Sep. 2022)

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What is MOG Digitech 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. MOG Digitech Holdings's Revenue for the six months ended in Sep. 2022 was HK$353.6 Mil. MOG Digitech Holdings's average Accounts Receivable for the six months ended in Sep. 2022 was HK$202.8 Mil. Hence, MOG Digitech Holdings's Receivables Turnover for the six months ended in Sep. 2022 was 1.74.

MOG Digitech Holdings Receivables Turnover Historical Data

The historical data trend for MOG Digitech 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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MOG Digitech Holdings Receivables Turnover Chart

MOG Digitech Holdings Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Receivables Turnover

86.10

103.12

181.67

413.40

323.36

MOG Digitech Holdings Semi-Annual Data
	Mar17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22
Receivables Turnover	Get a 7-Day Free Trial						112.52	208.78	309.79	2.65	1.74

Competitive Comparison of MOG Digitech Holdings's Receivables Turnover

For the Medical Instruments & Supplies subindustry, MOG Digitech 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.

MOG Digitech Holdings's Receivables Turnover Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, MOG Digitech Holdings's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where MOG Digitech Holdings's Receivables Turnover falls into.

MOG Digitech Holdings Receivables Turnover Calculation

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

MOG Digitech Holdings's Receivables Turnover for the fiscal year that ended in Mar. 2021 is calculated as

	Receivables Turnover (A: Mar. 2021 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2021 )	/ (	(Accounts Receivable (A: Mar. 2020 )	+	Accounts Receivable (A: Mar. 2021 ))	/	count )
=	187.548	/ (	(0.914	+	0.246)	/	2 )
=	187.548	/	0.58
=	323.36

MOG Digitech Holdings's Receivables Turnover for the quarter that ended in Sep. 2022 is calculated as

	Receivables Turnover (Q: Sep. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2022 )	/ (	(Accounts Receivable (Q: Mar. 2022 )	+	Accounts Receivable (Q: Sep. 2022 ))	/	count )
=	353.58	/ (	(269.061	+	136.441)	/	2 )
=	353.58	/	202.751
=	1.74

MOG Digitech Holdings (HKSE:01942) 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.

MOG Digitech Holdings Receivables Turnover Related Terms

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MOG Digitech Holdings (HKSE:01942) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » MOG Digitech Holdings Ltd (HKSE:01942) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 8655, 9 Shihua East Road, 84 Western Style Villa, Guangdong, Zhuhai, CHN, 519015

Website

https://www.mogglobal.com

MOG Digitech Holdings Ltd is an investment holding company. It offers a wide range of optical products including lenses, frames, contact lenses, and sunglasses from international brands. Its operating segment includes Digital retail payment solutions hardware trading business, Sales of optical products, Franchise and license management, E-commerce, and Financing services. The company generates the majority of its revenue from the Digital retail payment solutions hardware trading business.

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