Tycoon Group Holdings (HKSE:03390) Receivables Turnover : 1.82 (As of Jun. 2024)

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What is Tycoon 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. Tycoon Group Holdings's Revenue for the six months ended in Jun. 2024 was HK$435.0 Mil. Tycoon Group Holdings's average Accounts Receivable for the six months ended in Jun. 2024 was HK$239.5 Mil. Hence, Tycoon Group Holdings's Receivables Turnover for the six months ended in Jun. 2024 was 1.82.

Tycoon Group Holdings Receivables Turnover Historical Data

The historical data trend for Tycoon 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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Tycoon Group Holdings Receivables Turnover Chart

Tycoon Group Holdings Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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5.34

4.19

5.40

5.14

4.86

Tycoon Group Holdings Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Receivables Turnover	Get a 7-Day Free Trial								2.96	2.66	2.52	2.09	1.82

Competitive Comparison of Tycoon Group Holdings's Receivables Turnover

For the Pharmaceutical Retailers subindustry, Tycoon 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.

Tycoon Group Holdings's Receivables Turnover Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Tycoon Group Holdings's Receivables Turnover distribution charts can be found below:

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

Tycoon Group Holdings Receivables Turnover Calculation

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

Tycoon Group Holdings'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 )
=	1198.649	/ (	(256.213	+	236.612)	/	2 )
=	1198.649	/	246.4125
=	4.86

Tycoon Group Holdings'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 )
=	435.01	/ (	(236.612	+	242.426)	/	2 )
=	435.01	/	239.519
=	1.82

Tycoon Group Holdings (HKSE:03390) 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.

Tycoon Group Holdings Receivables Turnover Related Terms

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Tycoon Group Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Tycoon Group Holdings Ltd (HKSE:03390) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

38 - 40 Au Pui Wan Street, Room 14, 8th Floor Wah Wai Centre, Shatin, New Territories, Hong Kong, HKG

Website

https://www.tycoongroup.com.hk

Tycoon Group Holdings Ltd provides a variety of PCM, health supplements, skin care, personal care, and other healthcare products, predominantly selling and distributing such products in Hong Kong. The company operates in three segments, namely the Distribution segment which includes the operation of distributing products to chain retailers, non-chain retailers and traders; the E-Commerce segment which includes the operation of online stores and distribution to e-commerce customers; and the Retail Stores segment which includes the operation of retail stores. It generates maximum revenue from Distribution segment.

Executives

Wong Ka Chun Michael
Ngai Sze Kei
Tycoon Empire Investment Limited
Jacobson Group Treasury Limited	2101 Beneficial owner
Sum Kwong Yip, Derek	2307 Founder of a discretionary trust who can infl
Ubs Trustees (b.v.i.) Limited	2201 Interest of corporation controlled by you
Kingshill Development Limited	2201 Interest of corporation controlled by you
Kingshill Development Group Inc	2201 Interest of corporation controlled by you
Jacobson Pharma Group (bvi) Limited	2201 Interest of corporation controlled by you
Jacobson Pharma Corporation Limited	2201 Interest of corporation controlled by you
Crh (pharmaceutical) Limited	2201 Interest of corporation controlled by you
Crc Bluesky Limited	2201 Interest of corporation controlled by you
China Resources Pharmaceutical Retail Group Limited	2106 Person having a security interest in shares
China Resources Pharmaceutical Group Limited	2201 Interest of corporation controlled by you
China Resources Inc.	2201 Interest of corporation controlled by you

Tycoon Group Holdings Headlines

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