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Powerwin Tech Group (HKSE:02405) Receivables Turnover : 0.03 (As of Jun. 2024)


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What is Powerwin Tech 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. Powerwin Tech Group's Revenue for the six months ended in Jun. 2024 was HK$57.5 Mil. Powerwin Tech Group's average Accounts Receivable for the six months ended in Jun. 2024 was HK$1,694.3 Mil. Hence, Powerwin Tech Group's Receivables Turnover for the six months ended in Jun. 2024 was 0.03.


Powerwin Tech Group Receivables Turnover Historical Data

The historical data trend for Powerwin Tech 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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Powerwin Tech Group Receivables Turnover Chart

Powerwin Tech Group Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
0.10 0.13 0.14 0.14 0.14

Powerwin Tech Group Semi-Annual Data
Dec19 Dec20 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Receivables Turnover Get a 7-Day Free Trial 0.05 0.09 0.07 0.08 0.03

Competitive Comparison of Powerwin Tech Group's Receivables Turnover

For the Advertising Agencies subindustry, Powerwin Tech 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.


Powerwin Tech Group's Receivables Turnover Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Powerwin Tech Group's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Powerwin Tech Group's Receivables Turnover falls into.



Powerwin Tech Group Receivables Turnover Calculation

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

Powerwin Tech Group's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as

Receivables Turnover (A: Dec. 2023 )
=Revenue / Average Total Inventories
=Revenue (A: Dec. 2023 ) / ((Accounts Receivable (A: Dec. 2022 ) + Accounts Receivable (A: Dec. 2023 )) / count )
=167.942 / ((841.002 + 1538.304) / 2 )
=167.942 / 1189.653
=0.14

Powerwin Tech Group's Receivables Turnover for the quarter that ended in Jun. 2024 is calculated as

Receivables Turnover (Q: Jun. 2024 )
=Revenue / Average Total Inventories
=Revenue (Q: Jun. 2024 ) / ((Accounts Receivable (Q: Dec. 2023 ) + Accounts Receivable (Q: Jun. 2024 )) / count )
=57.544 / ((1538.304 + 1850.251) / 2 )
=57.544 / 1694.2775
=0.03

* 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.


Powerwin Tech Group  (HKSE:02405) 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.


Powerwin Tech Group Receivables Turnover Related Terms

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Powerwin Tech Group Business Description

Traded in Other Exchanges
N/A
Address
Zhubang 2000 Business Center, Block B, Building 1, Chaoyang District, Beijing, CHN
Powerwin Tech Group Ltd is a cross-border digital marketing service provider in China. It covers mainstream media platforms such as Facebook, Instagram, Messenger, Google, Twitter, TikTok, YouTube, Snapchat, and Pinterest, providing customers with diversified and full-link cross-border digital marketing services and online shop SaaS solutions. Geographically the company generates revenue from Hong Kong and the Chinese mainland, where the majority of revenue is generated from Hong Kong. The company provides Standardized, Customized, and SaaS-based digital marketing services.
Executives
Hsbc International Trustee Limited 2301 Trustee
Li Xiang
Yu Lu
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