Ten Pao Group Holdings (HKSE:01979) Receivables Turnover : 2.17 (As of Dec. 2024)

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What is Ten Pao 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. Ten Pao Group Holdings's Revenue for the six months ended in Dec. 2024 was HK$2,915 Mil. Ten Pao Group Holdings's average Accounts Receivable for the six months ended in Dec. 2024 was HK$1,340 Mil. Hence, Ten Pao Group Holdings's Receivables Turnover for the six months ended in Dec. 2024 was 2.17.

Ten Pao Group Holdings Receivables Turnover Historical Data

The historical data trend for Ten Pao 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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Ten Pao Group Holdings Receivables Turnover Chart

Ten Pao Group Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Receivables Turnover

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4.58

5.39

4.84

4.35

4.11

Ten Pao Group Holdings Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Receivables Turnover	Get a 7-Day Free Trial															2.00	2.04	2.06	2.06	2.17

Competitive Comparison of Ten Pao Group Holdings's Receivables Turnover

For the Electrical Equipment & Parts subindustry, Ten Pao 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.

Ten Pao Group Holdings's Receivables Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Ten Pao Group Holdings's Receivables Turnover distribution charts can be found below:

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

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Ten Pao Group Holdings Receivables Turnover Calculation

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

Ten Pao Group Holdings's Receivables Turnover for the fiscal year that ended in Dec. 2024 is calculated as

	Receivables Turnover (A: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2024 )	/ (	(Accounts Receivable (A: Dec. 2023 )	+	Accounts Receivable (A: Dec. 2024 ))	/	count )
=	5385.748	/ (	(1170.692	+	1452.038)	/	2 )
=	5385.748	/	1311.365
=	4.11

Ten Pao Group Holdings's Receivables Turnover for the quarter that ended in Dec. 2024 is calculated as

	Receivables Turnover (Q: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2024 )	/ (	(Accounts Receivable (Q: Jun. 2024 )	+	Accounts Receivable (Q: Dec. 2024 ))	/	count )
=	2914.737	/ (	(1228.434	+	1452.038)	/	2 )
=	2914.737	/	1340.236
=	2.17

Ten Pao Group Holdings (HKSE:01979) 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.

Ten Pao Group Holdings Receivables Turnover Related Terms

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Ten Pao Group Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Ten Pao Group Holdings Ltd (HKSE:01979) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

151-153 Hoi Bun Road, Rooms 610-612, 6th Floor, Kwong Sang Hong Centre, Kwun Tong, Kowloon, Hong Kong, HKG

Website

https://www.tenpao.com

Ten Pao Group Holdings Ltd is an investment holding company. It is engaged in the sales and manufacturing of switching power supply units for consumer products and smart chargers and controllers for industrial use. The operating segments of the company are telecommunication, media and entertainment, lighting, smart chargers and controllers, New energy Business, and others. Some of its products are USB chargers, wireless chargers, adapters, open-frame power supplies, led drivers, smart chargers and controllers, and power savers. Geographically, the group has a business presence in the PRC, Europe, Asia, the U.S., Africa, and Other regions, of which prime revenue is derived from the PRC.

Executives

Hung Kwong Yee	2201 Interest of corporation controlled by you
Even Joy Holdings Limited
Vistra Trust (bvi) Limited
Fil Limited	2201 Interest of corporation controlled by you
Pandanus Associates Inc.	2201 Interest of corporation controlled by you
Pandanus Partners L.p.	2201 Interest of corporation controlled by you
Fidelity China Special Situations Plc	2101 Beneficial owner

Ten Pao Group Holdings Headlines

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