Global Strategic Group (HKSE:08007) Receivables Turnover : 5.57 (As of Sep. 2023)

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What is Global Strategic 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. Global Strategic Group's Revenue for the three months ended in Sep. 2023 was HK$45.1 Mil. Global Strategic Group's average Accounts Receivable for the three months ended in Sep. 2023 was HK$8.1 Mil. Hence, Global Strategic Group's Receivables Turnover for the three months ended in Sep. 2023 was 5.57.

Global Strategic Group Receivables Turnover Historical Data

The historical data trend for Global Strategic 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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Global Strategic Group Receivables Turnover Chart

Global Strategic Group Annual Data

Trend

Jun13

Jun14

Dec15

Dec16

Dec17

Dec18

Sep20

Sep21

Sep22

Sep23

Receivables Turnover

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75.42

12.77

13.75

22.20

24.10

Global Strategic Group Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Receivables Turnover	Get a 7-Day Free Trial															5.67	7.43	8.73	7.94	5.57

Competitive Comparison of Global Strategic Group's Receivables Turnover

For the Oil & Gas Refining & Marketing subindustry, Global Strategic 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.

Global Strategic Group's Receivables Turnover Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Global Strategic Group's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Global Strategic Group's Receivables Turnover falls into.

Global Strategic Group Receivables Turnover Calculation

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

Global Strategic Group's Receivables Turnover for the fiscal year that ended in Sep. 2023 is calculated as

	Receivables Turnover (A: Sep. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Sep. 2023 )	/ (	(Accounts Receivable (A: Sep. 2022 )	+	Accounts Receivable (A: Sep. 2023 ))	/	count )
=	166.077	/ (	(5.697	+	8.086)	/	2 )
=	166.077	/	6.8915
=	24.10

Global Strategic Group's Receivables Turnover for the quarter that ended in Sep. 2023 is calculated as

	Receivables Turnover (Q: Sep. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2023 )	/ (	(Accounts Receivable (Q: Jun. 2023 )	+	Accounts Receivable (Q: Sep. 2023 ))	/	count )
=	45.062	/ (	(0	+	8.086)	/	1 )
=	45.062	/	8.086
=	5.57

Global Strategic Group (HKSE:08007) 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 Strategic Group Receivables Turnover Related Terms

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Global Strategic Group (HKSE:08007) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Global Strategic Group Ltd (HKSE:08007) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

89 Lockhart Road, Room 803, 8th Floor, Wanchai Central Building, Wan Cha, Hong Kong, HKG

Website

http://www.globalstrategicgroup.com.hk

Global Strategic Group Ltd is an investment holding company. The company's operating segment includes Natural gas operations; sales and Leasing business and Independent financial advisory. It generates maximum revenue from the Natural gas operations segment. The Natural gas operations segment includes investment in natural gas projects, sales of natural gas, natural gas cooking appliance and accessories, and pipeline installation. Geographically, it derives a majority of revenue from China.

Executives

Sze Ching Lau
Huatai Securities Co., Ltd.	2201 Interest of corporation controlled by you
Rifa Securities Limited	2105 Underwriter
Jiang Bin	2101 Beneficial owner
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Infinite Tencent Group Holdings Limited	2201 Interest of corporation controlled by you
Infinite Tencent Media Group Limited	2201 Interest of corporation controlled by you
Wei Yue Tong	2201 Interest of corporation controlled by you
Yi He Group Holdings Limited	2201 Interest of corporation controlled by you

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