Vip GreenPort JSC (HSTC:VGR) Receivables Turnover : 3.67 (As of Dec. 2024)

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What is Vip GreenPort JSC 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. Vip GreenPort JSC's Revenue for the three months ended in Dec. 2024 was ₫303,098 Mil. Vip GreenPort JSC's average Accounts Receivable for the three months ended in Dec. 2024 was ₫82,562 Mil. Hence, Vip GreenPort JSC's Receivables Turnover for the three months ended in Dec. 2024 was 3.67.

Vip GreenPort JSC Receivables Turnover Historical Data

The historical data trend for Vip GreenPort JSC'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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Vip GreenPort JSC Receivables Turnover Chart

Vip GreenPort JSC Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Dec24

Receivables Turnover

10.17

10.53

11.44

13.21

13.04

Vip GreenPort JSC Quarterly Data
	Dec20	Mar21	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Receivables Turnover	Get a 7-Day Free Trial											3.13	3.20	2.65	2.50	3.67

Competitive Comparison of Vip GreenPort JSC's Receivables Turnover

For the Marine Shipping subindustry, Vip GreenPort JSC'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.

Vip GreenPort JSC's Receivables Turnover Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Vip GreenPort JSC's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Vip GreenPort JSC's Receivables Turnover falls into.

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Vip GreenPort JSC Receivables Turnover Calculation

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

Vip GreenPort JSC's Receivables Turnover for the fiscal year that ended in Dec. 2024 is calculated as

	Receivables Turnover (A: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2024 )	/ (	(Accounts Receivable (A: Dec. 2023 )	+	Accounts Receivable (A: Dec. 2024 ))	/	count )
=	1093033.467	/ (	(74738.538	+	92881.485)	/	2 )
=	1093033.467	/	83810.0115
=	13.04

Vip GreenPort JSC's Receivables Turnover for the quarter that ended in Dec. 2024 is calculated as

	Receivables Turnover (Q: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2024 )	/ (	(Accounts Receivable (Q: Sep. 2024 )	+	Accounts Receivable (Q: Dec. 2024 ))	/	count )
=	303098.028	/ (	(72242.918	+	92881.485)	/	2 )
=	303098.028	/	82562.2015
=	3.67

Vip GreenPort JSC (HSTC:VGR) 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.

Vip GreenPort JSC Receivables Turnover Related Terms

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Vip GreenPort JSC Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Vip GreenPort JSC (HSTC:VGR) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Dinh Vu - Cat Hai ECZ, Dong Hai 2 Ward, Hai An District, Hai Phong, VNM

Website

https://www.vipgreenport.com.vn

Vip GreenPort JSC is engaged in providing ship and port-related facilities. The services offered by the company includes Berth Planning, Tug boat Services, Container storage, and Container stuffing and unstuffing among others.