Oriental Payment Group Holdings (HKSE:08613) Receivables Turnover : 0.39 (As of Sep. 2023)

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What is Oriental Payment 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. Oriental Payment Group Holdings's Revenue for the three months ended in Sep. 2023 was HK$5.16 Mil. Oriental Payment Group Holdings's average Accounts Receivable for the three months ended in Sep. 2023 was HK$13.32 Mil. Hence, Oriental Payment Group Holdings's Receivables Turnover for the three months ended in Sep. 2023 was 0.39.

Oriental Payment Group Holdings Receivables Turnover Historical Data

The historical data trend for Oriental Payment 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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Oriental Payment Group Holdings Receivables Turnover Chart

Oriental Payment Group Holdings Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

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2.62

3.31

4.27

11.43

1.89

Oriental Payment Group Holdings 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															2.24	2.37	0.45	0.65	0.39

Competitive Comparison of Oriental Payment Group Holdings's Receivables Turnover

For the Software - Infrastructure subindustry, Oriental Payment 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.

Oriental Payment Group Holdings's Receivables Turnover Distribution in the Software Industry

For the Software industry and Technology sector, Oriental Payment Group Holdings's Receivables Turnover distribution charts can be found below:

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

Oriental Payment Group Holdings Receivables Turnover Calculation

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

Oriental Payment Group Holdings's Receivables Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Receivables Turnover (A: Mar. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2023 )	/ (	(Accounts Receivable (A: Mar. 2022 )	+	Accounts Receivable (A: Mar. 2023 ))	/	count )
=	8.379	/ (	(0.519	+	8.326)	/	2 )
=	8.379	/	4.4225
=	1.89

Oriental Payment Group Holdings'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 )
=	5.159	/ (	(0	+	13.32)	/	1 )
=	5.159	/	13.32
=	0.39

Oriental Payment Group Holdings (HKSE:08613) 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.

Oriental Payment Group Holdings Receivables Turnover Related Terms

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Oriental Payment Group Holdings (HKSE:08613) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Oriental Payment Group Holdings Ltd (HKSE:08613) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 21, Choei Phuang Alley, Vibhavadi Rangsit Road, 24th Floor, A5 Zone, TST Building, Chatuchak District, Bangkok Metropolis, Bangkok, THA, 10900

Website

http://www.ocg.com.hk

Oriental Payment Group Holdings Ltd is an investment holding company mainly engaged in merchant acquiring business. The company is engaged in merchant acquiring business in Thailand. It provides payment processing services to merchants of all sizes. Geographically, it derives a majority of revenue from Thailand. It mainly generates revenue from its Merchant acquiring service, marketing and distribution service and Environmental, Social and Governance reporting and consultancy services on ESG.

Executives

Metagate Investment Spc	2101 Beneficial owner
Rainbow Capital Limited	2201 Interest of corporation controlled by you
Choy Hok Man	2101 Beneficial owner
Gold Track Ventures Limited	2101 Beneficial owner
Tsang Chi Kit	2201 Interest of corporation controlled by you
Yu Chun Fai	2201 Interest of corporation controlled by you
Straum Investments Limited	2101 Beneficial owner
Mobile Technology Holdings Limited	2101 Beneficial owner
Choi Hiu Wa	2202 Interest of your spouse
Rainbow Elite International Limited	2101 Beneficial owner
Lam Hak Ha Jasper	2201 Interest of corporation controlled by you
Sui Xiao Chun	2101 Beneficial owner
Original Fortune Group Limited	2101 Beneficial owner
Sung Hak Keung, Andy	2201 Interest of corporation controlled by you
China Smartpay Group Holdings Limited	2201 Interest of corporation controlled by you

Oriental Payment Group Holdings (HKSE:08613) Headlines

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