Golden Power Group Holdings (HKSE:03919) Receivables Turnover : 3.92 (As of Jun. 2024)

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What is Golden Power 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. Golden Power Group Holdings's Revenue for the six months ended in Jun. 2024 was HK$157.5 Mil. Golden Power Group Holdings's average Accounts Receivable for the six months ended in Jun. 2024 was HK$40.2 Mil. Hence, Golden Power Group Holdings's Receivables Turnover for the six months ended in Jun. 2024 was 3.92.

Golden Power Group Holdings Receivables Turnover Historical Data

The historical data trend for Golden Power 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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Golden Power Group Holdings Receivables Turnover Chart

Golden Power Group Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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6.79

6.47

6.71

6.59

6.52

Golden Power Group Holdings Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Receivables Turnover	Get a 7-Day Free Trial															2.92	3.14	2.70	3.61	3.92

Competitive Comparison of Golden Power Group Holdings's Receivables Turnover

For the Electrical Equipment & Parts subindustry, Golden Power 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.

Golden Power Group Holdings's Receivables Turnover Distribution in the Industrial Products Industry

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

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

Golden Power Group Holdings Receivables Turnover Calculation

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

Golden Power 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 )
=	270.279	/ (	(46.775	+	36.102)	/	2 )
=	270.279	/	41.4385
=	6.52

Golden Power 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 )
=	157.548	/ (	(36.102	+	44.206)	/	2 )
=	157.548	/	40.154
=	3.92

Golden Power Group Holdings (HKSE:03919) 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.

Golden Power Group Holdings Receivables Turnover Related Terms

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Golden Power Group Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Golden Power Group Holdings Ltd (HKSE:03919) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

57 Ting Kok Road, Flat C, 20th Floor, Block 1, Tai Ping Industrial Centre, Tai Po, New Territories, Hong Kong, HKG

Website

http://www.goldenpower.com

Golden Power Group Holdings Ltd is an investment holding company, which engages in the manufacture and sale of batteries for electronic devices. It operates through the following segments: Disposable Batteries, Rechargeable Batteries, and Other Battery-Related Products. The Disposable Batteries segment contains cylindrical batteries and micro-button cells. The Rechargeable Batteries and Other Battery-Related Products segment includes battery charges, battery power packs, and electric fans. The majority of the firm's revenue is derived from the sale of disposable batteries. Its geographical segments are China, Hong Kong, Asia (except the PRC and Hong Kong), Europe, Eastern Europe, North America, South America, Australia, Africa, and the Middle East.

Executives

Golden Villa Ltd.	2101 Beneficial owner
Triumph Treasure Holdings Limited	2101 Beneficial owner
Chu King Tien	2201 Interest of corporation controlled by you
Mo Yuk Ling	2202 Interest of your spouse
Chu Shuk Ching	2201 Interest of corporation controlled by you

Golden Power Group Holdings Headlines

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