SK Target Group (HKSE:08427) Receivables Turnover : 0.95 (As of Nov. 2023)

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What is SK Target 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. SK Target Group's Revenue for the three months ended in Nov. 2023 was HK$13.46 Mil. SK Target Group's average Accounts Receivable for the three months ended in Nov. 2023 was HK$14.20 Mil. Hence, SK Target Group's Receivables Turnover for the three months ended in Nov. 2023 was 0.95.

SK Target Group Receivables Turnover Historical Data

The historical data trend for SK Target 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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SK Target Group Receivables Turnover Chart

SK Target Group Annual Data

Trend

May15

May16

May17

May18

May19

May20

May21

May22

May23

Receivables Turnover

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2.01

2.49

2.77

2.84

3.70

SK Target Group Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
Receivables Turnover	Get a 7-Day Free Trial															0.79	0.78	0.77	0.77	0.95

Competitive Comparison of SK Target Group's Receivables Turnover

For the Communication Equipment subindustry, SK Target 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.

SK Target Group's Receivables Turnover Distribution in the Hardware Industry

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

* The bar in red indicates where SK Target Group's Receivables Turnover falls into.

SK Target Group Receivables Turnover Calculation

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

SK Target Group's Receivables Turnover for the fiscal year that ended in May. 2023 is calculated as

	Receivables Turnover (A: May. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: May. 2023 )	/ (	(Accounts Receivable (A: May. 2022 )	+	Accounts Receivable (A: May. 2023 ))	/	count )
=	52.629	/ (	(12.446	+	16.009)	/	2 )
=	52.629	/	14.2275
=	3.70

SK Target Group's Receivables Turnover for the quarter that ended in Nov. 2023 is calculated as

	Receivables Turnover (Q: Nov. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Nov. 2023 )	/ (	(Accounts Receivable (Q: Aug. 2023 )	+	Accounts Receivable (Q: Nov. 2023 ))	/	count )
=	13.463	/ (	(0	+	14.2)	/	1 )
=	13.463	/	14.2
=	0.95

SK Target Group (HKSE:08427) 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.

SK Target Group Receivables Turnover Related Terms

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SK Target Group (HKSE:08427) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » SK Target Group Ltd (HKSE:08427) » Definitions » Receivables Turnover

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Address

No. 18, Jalan LP 2A/2, Taman Lestari Perdana, Darul Ehsan, Seri Kembangan, SGR, MYS, 43300

Website

https://www.targetprecast.com

SK Target Group Ltd is an investment holding company. The Principal activities of the Company are manufacturing and trading of precast concrete junction boxes, trading of accessories and pipes and provision of mobile crane rental and ancillary services in Malaysia, sourcing service of materials in Hong Kong. Also the Group started to engage in the sales of health supplement products in Hong Kong. Geographically, it derives a majority of revenue from Malaysia.

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