Millennium Pacific Group Holdings (HKSE:08147) Receivables Turnover : 0.49 (As of Dec. 2023)

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What is Millennium Pacific 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. Millennium Pacific Group Holdings's Revenue for the three months ended in Dec. 2023 was HK$14.53 Mil. Millennium Pacific Group Holdings's average Accounts Receivable for the three months ended in Dec. 2023 was HK$29.63 Mil. Hence, Millennium Pacific Group Holdings's Receivables Turnover for the three months ended in Dec. 2023 was 0.49.

Millennium Pacific Group Holdings Receivables Turnover Historical Data

The historical data trend for Millennium Pacific 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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Millennium Pacific Group Holdings Receivables Turnover Chart

Millennium Pacific Group Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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6.73

2.64

2.10

1.72

2.39

Millennium Pacific Group Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															-	0.01	0.62	0.65	0.49

Competitive Comparison of Millennium Pacific Group Holdings's Receivables Turnover

For the Consumer Electronics subindustry, Millennium Pacific 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.

Millennium Pacific Group Holdings's Receivables Turnover Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Millennium Pacific Group Holdings's Receivables Turnover distribution charts can be found below:

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

Millennium Pacific Group Holdings Receivables Turnover Calculation

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

Millennium Pacific 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 )
=	61.456	/ (	(21.841	+	29.629)	/	2 )
=	61.456	/	25.735
=	2.39

Millennium Pacific Group Holdings's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Sep. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	14.534	/ (	(0	+	29.629)	/	1 )
=	14.534	/	29.629
=	0.49

Millennium Pacific Group Holdings (HKSE:08147) 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.

Millennium Pacific Group Holdings Receivables Turnover Related Terms

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Millennium Pacific Group Holdings (HKSE:08147) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Millennium Pacific Group Holdings Ltd (HKSE:08147) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

No. 92 Granville Road, Unit 5, 4th Floor, Energy Plaza, Tsim Sha Tsui East, Happiness Center, Kowloon, HKG

Website

https://www.mpgroup.hk

Millennium Pacific Group Holdings Ltd is a company that is principally engaged in developing, manufacturing, and selling consumer electronic products. The company's core products consist of fitness bracelets, GPS personal navigation devices, mobile Internet devices, and digital video recorders. The company offers customers one-stop services by providing design, sampling, producing, assembling, and packaging of its products. Some of the company's products are sold through third-party retailers and online platforms. The company has a global business presence, with Taiwan, the Netherlands, Hong Kong, and the United Kingdom its core markets.

Millennium Pacific Group Holdings (HKSE:08147) Headlines

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