Pujiang International Group (HKSE:02060) Receivables Turnover : 0.53 (As of Jun. 2023)

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What is Pujiang International Group 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. Pujiang International Group's Revenue for the six months ended in Jun. 2023 was HK$984 Mil. Pujiang International Group's average Accounts Receivable for the six months ended in Jun. 2023 was HK$1,844 Mil. Hence, Pujiang International Group's Receivables Turnover for the six months ended in Jun. 2023 was 0.53.

Pujiang International Group Receivables Turnover Historical Data

The historical data trend for Pujiang International Group'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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Pujiang International Group Receivables Turnover Chart

Pujiang International Group Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Receivables Turnover

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2.02

1.81

1.86

1.89

1.44

Pujiang International Group Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Receivables Turnover	Get a 7-Day Free Trial								0.98	1.05	0.67	0.68	0.53

Competitive Comparison of Pujiang International Group's Receivables Turnover

For the Metal Fabrication subindustry, Pujiang International Group'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.

Pujiang International Group's Receivables Turnover Distribution in the Industrial Products Industry

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

* The bar in red indicates where Pujiang International Group's Receivables Turnover falls into.

Pujiang International Group Receivables Turnover Calculation

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

Pujiang International Group's Receivables Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Receivables Turnover (A: Dec. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2022 )	/ (	(Accounts Receivable (A: Dec. 2021 )	+	Accounts Receivable (A: Dec. 2022 ))	/	count )
=	2402.91	/ (	(1624.383	+	1722.318)	/	2 )
=	2402.91	/	1673.3505
=	1.44

Pujiang International Group's Receivables Turnover for the quarter that ended in Jun. 2023 is calculated as

	Receivables Turnover (Q: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2023 )	/ (	(Accounts Receivable (Q: Dec. 2022 )	+	Accounts Receivable (Q: Jun. 2023 ))	/	count )
=	984.431	/ (	(1722.318	+	1966.018)	/	2 )
=	984.431	/	1844.168
=	0.53

Pujiang International Group (HKSE:02060) 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.

Pujiang International Group Receivables Turnover Related Terms

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Pujiang International Group (HKSE:02060) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Pujiang International Group Ltd (HKSE:02060) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

518 Shangcheng Road, 16th Floor, Shanghai, CHN, 200120

Website

http://www.pji-group.com

Pujiang International Group Ltd is a provider of bridge cables for the construction of super-long-span bridges in China and prestressed materials manufacturers in China. It is principally engaged in the manufacture of cables for the construction of bridges and prestressed materials for various infrastructure construction. The company has two main reporting business segments, namely, the business which manufactures cables for long-span bridges (the Cable Business) and the business which manufactures prestressed materials for various infrastructure construction (the Prestressed Materials Business). The Group's revenue customers are derived mainly from its operations in China.

Executives

Elegant Kindness Limited	2101 Beneficial owner
Tang Liang	2201 Interest of corporation controlled by you
Ubs Group Ag	2201 Interest of corporation controlled by you
China Silver Asset Management Llc	2102 Investment manager
Cs Asia Opportunities Master Fund	2101 Beneficial owner
China Silver Asset Management Limited	2102 Investment manager
China Merchants Bank Co., Ltd.	2201 Interest of corporation controlled by you
Cmb International Finance Limited	2106 Person having a security interest in shares

Pujiang International Group (HKSE:02060) Headlines

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