Future Bright Mining Holdings (HKSE:02212) Receivables Turnover : 31.78 (As of Dec. 2024)

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What is Future Bright Mining 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. Future Bright Mining Holdings's Revenue for the six months ended in Dec. 2024 was HK$54.9 Mil. Future Bright Mining Holdings's average Accounts Receivable for the six months ended in Dec. 2024 was HK$1.7 Mil. Hence, Future Bright Mining Holdings's Receivables Turnover for the six months ended in Dec. 2024 was 31.78.

Future Bright Mining Holdings Receivables Turnover Historical Data

The historical data trend for Future Bright Mining 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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Future Bright Mining Holdings Receivables Turnover Chart

Future Bright Mining Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Receivables Turnover

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5.55

59.50

Future Bright Mining 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															-	484.88	2,785.46	-	31.78

Competitive Comparison of Future Bright Mining Holdings's Receivables Turnover

For the Building Materials subindustry, Future Bright Mining 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.

Future Bright Mining Holdings's Receivables Turnover Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Future Bright Mining Holdings's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Future Bright Mining Holdings's Receivables Turnover falls into.

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Future Bright Mining Holdings Receivables Turnover Calculation

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

Future Bright Mining 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 )
=	102.88	/ (	(0	+	1.729)	/	1 )
=	102.88	/	1.729
=	59.50

Future Bright Mining 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 )
=	54.947	/ (	(0	+	1.729)	/	1 )
=	54.947	/	1.729
=	31.78

Future Bright Mining Holdings (HKSE:02212) 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.

Future Bright Mining Holdings Receivables Turnover Related Terms

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Future Bright Mining Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Future Bright Mining Holdings Ltd (HKSE:02212) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

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Address

No. 207 Shuijing Avenue, Chengguan Town, Nanzhang County, Hubei Province, Xiangyang, CHN

Website

http://www.futurebrightltd.com

Future Bright Mining Holdings Ltd is a marble mining company. It has been focusing on developing the Yiduoyan Project, which is an open-pit mine located in the Hubei Province of the PRC. The company operates in two segments, namely the Marble Block segment, which supplies marble blocks mainly for further processing, construction, or trading; and the Commodity Trading segment, which conducts the trading business of commodities. It derives revenue from the Commodity trading segment. All of its revenue is derived from Mainland China.

Executives

Golden Convergence Holdings Group Limited	2101 Beneficial owner
Golden Convergence Investment Limited	2201 Interest of corporation controlled by you
Wu Yan Nancy	2201 Interest of corporation controlled by you
Sun Hailong	2101 Beneficial owner
Zhang Caihong	2202 Interest of your spouse
Zhong Ke Jiu Tai Resources Use Technology Holdings Company Limited	2201 Interest of corporation controlled by you
Zhong Ke Jiu Tai Technology Group Limited	2101 Beneficial owner
Li Yuguo	2201 Interest of corporation controlled by you
Ge Limin	2101 Beneficial owner

Future Bright Mining Holdings Headlines

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