Global New Material International Holdings (HKSE:06616) Receivables Turnover : 1.85 (As of Jun. 2024)

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What is Global New Material International 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. Global New Material International Holdings's Revenue for the six months ended in Jun. 2024 was HK$834 Mil. Global New Material International Holdings's average Accounts Receivable for the six months ended in Jun. 2024 was HK$451 Mil. Hence, Global New Material International Holdings's Receivables Turnover for the six months ended in Jun. 2024 was 1.85.

Global New Material International Holdings Receivables Turnover Historical Data

The historical data trend for Global New Material International 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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Global New Material International Holdings Receivables Turnover Chart

Global New Material International Holdings Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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3.34

3.74

3.16

3.22

3.15

Global New Material International Holdings Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Receivables Turnover	Get a 7-Day Free Trial						1.55	1.89	1.55	1.85	1.85

Competitive Comparison of Global New Material International Holdings's Receivables Turnover

For the Specialty Chemicals subindustry, Global New Material International 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.

Global New Material International Holdings's Receivables Turnover Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Global New Material International Holdings's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Global New Material International Holdings's Receivables Turnover falls into.

Global New Material International Holdings Receivables Turnover Calculation

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

Global New Material International 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 )
=	1163.841	/ (	(344.081	+	394.401)	/	2 )
=	1163.841	/	369.241
=	3.15

Global New Material International 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 )
=	833.914	/ (	(394.401	+	507.755)	/	2 )
=	833.914	/	451.078
=	1.85

Global New Material International Holdings (HKSE:06616) 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.

Global New Material International Holdings Receivables Turnover Related Terms

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Global New Material International Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Global New Material International Holdings Ltd (HKSE:06616) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

No. 380, Feilu Road, Pearlescent Industrial Park, Guangxi Zhuang Autonomous Region, Luzhai Town, Luzhai County, Liuzhou, CHN, 545600

Website

http://www.chesir.net

Global New Material International Holdings Ltd is engaged in the production, research and development, and sales of pearlescent materials and synthetic mica. The materials are used in diverse applications and industries, including industrial coatings, plastics, textiles and leather, cosmetics, and automotive coatings. The company generates the majority of its revenue from the sale of pearlescent pigment products.

Executives

Wang Huan	2202 Interest of your spouse
Su Ertian	2201 Interest of corporation controlled by you
Guang Xi Tou Zi Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you
Guang Xi Gui Dong Dian Li Gu Fen You Xian Gong Si	2101 Beneficial owner
Guang Xi Guang Tou Zheng Run Fa Zhan Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you
Guang Xi Lu Hai Xin Tong Dao Gu Quan Tou Zi Guan Li You Xian Gong Si	2201 Interest of corporation controlled by you
Guang Xi Lu Hai Xin Tong Dao Gu Quan Tou Zi Guan Li Zhong Xin You Xian He Huo	2201 Interest of corporation controlled by you
Guang Xi Lu Hai Xin Tong Dao Gu Quan Tou Zi Ji Jin He Huo Qi Ye You Xian He Huo	2201 Interest of corporation controlled by you
Guang Xi Jin Rong Tou Zi Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you
Guang Tou Zi Ben Guan Li Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you
Guo Jia Kai Fa Yin Hang	2201 Interest of corporation controlled by you
You Ou Bi Tou Zi Guan Li Shang Hai You Xian Gong Si	2201 Interest of corporation controlled by you
Zhong Guo Tou Zi You Xian Ze Ren Gong Si	2201 Interest of corporation controlled by you
Guo Kai Jin Rong You Xian Ze Ren Gong Si	2201 Interest of corporation controlled by you
Zhong Yang Hui Jin Tou Zi You Xian Ze Ren Gong Si	2201 Interest of corporation controlled by you

Global New Material International Holdings Headlines

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