P.B. Group (HKSE:08331) Receivables Turnover : 1.82 (As of Sep. 2023)

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What is P.B. 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. P.B. Group's Revenue for the three months ended in Sep. 2023 was HK$15.10 Mil. P.B. Group's average Accounts Receivable for the three months ended in Sep. 2023 was HK$8.31 Mil. Hence, P.B. Group's Receivables Turnover for the three months ended in Sep. 2023 was 1.82.

P.B. Group Receivables Turnover Historical Data

The historical data trend for P.B. 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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P.B. Group Receivables Turnover Chart

P.B. Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Receivables Turnover

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5.25

10.38

8.76

8.36

8.49

P.B. Group Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Jun23	Sep23
Receivables Turnover	Get a 7-Day Free Trial															1.60	1.79	1.56	-	1.82

Competitive Comparison of P.B. Group's Receivables Turnover

For the Other Industrial Metals & Mining subindustry, P.B. 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.

P.B. Group's Receivables Turnover Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, P.B. Group's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where P.B. Group's Receivables Turnover falls into.

P.B. Group Receivables Turnover Calculation

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

P.B. Group's Receivables Turnover for the fiscal year that ended in Dec. 2021 is calculated as

	Receivables Turnover (A: Dec. 2021 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2021 )	/ (	(Accounts Receivable (A: Dec. 2020 )	+	Accounts Receivable (A: Dec. 2021 ))	/	count )
=	86.812	/ (	(8.253	+	12.209)	/	2 )
=	86.812	/	10.231
=	8.49

P.B. 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 )
=	15.096	/ (	(0	+	8.309)	/	1 )
=	15.096	/	8.309
=	1.82

P.B. Group (HKSE:08331) 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.

P.B. Group Receivables Turnover Related Terms

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P.B. Group (HKSE:08331) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » P.B. Group Ltd (HKSE:08331) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

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Address

180 Tung Lo Wan Road, Park Commercial Centre, Room 1601, 16/F, Causeway Bay, Hong Kong, HKG

Website

http://www.thepbg.com

P.B. Group Ltd is engaged in bentonite mining, production and sales of drilling mud and pelletising clay. The company is also engaged in the financial service business. It operates in two reportable segments Bentonite mining operation engaged in Bentonite mining, production and sales of drilling mud and pelletising clay; and Financial service business engaged in provision of wealth management services, money lending services and provision of financial services. It derives revenue from Bentonite mining operations.

Executives

P.b. Asia Holdings Limited	2101 Beneficial owner
Bonus Eventus Securities Limited	2101 Beneficial owner
Value Dynasty Limited	2201 Interest of corporation controlled by you
Chan Man Fung	2201 Interest of corporation controlled by you
Pui Wai Lun	2201 Interest of corporation controlled by you
Wang Jie
Zhang Qiang
P.b. Capital Advanced Fund Spc – P.b. Capital Advanced Fund 1 Segregated Portfolio
Zhuang Shibin	2101 Beneficial owner

P.B. Group (HKSE:08331) Headlines

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