Jolimark Holdings (Jolimark Holdings) Receivables Turnover : 6.94 (As of Dec. 2023)

View and export this data going back to 2013. Start your Free Trial

What is Jolimark 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. Jolimark Holdings's Revenue for the six months ended in Dec. 2023 was $11.97 Mil. Jolimark Holdings's average Accounts Receivable for the six months ended in Dec. 2023 was $1.73 Mil. Hence, Jolimark Holdings's Receivables Turnover for the six months ended in Dec. 2023 was 6.94.

Jolimark Holdings Receivables Turnover Historical Data

The historical data trend for Jolimark 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.

* Premium members only.

Jolimark Holdings Receivables Turnover Chart

Jolimark Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

Get a 7-Day Free Trial

19.51

13.88

16.84

11.79

11.29

Jolimark Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															10.15	5.73	4.75	6.61	6.94

Competitive Comparison of Jolimark Holdings's Receivables Turnover

For the Computer Hardware subindustry, Jolimark 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.

Jolimark Holdings's Receivables Turnover Distribution in the Hardware Industry

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

* The bar in red indicates where Jolimark Holdings's Receivables Turnover falls into.

Jolimark Holdings Receivables Turnover Calculation

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

Jolimark 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 )
=	28.498	/ (	(3.292	+	1.757)	/	2 )
=	28.498	/	2.5245
=	11.29

Jolimark 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: Jun. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	11.974	/ (	(1.693	+	1.757)	/	2 )
=	11.974	/	1.725
=	6.94

Jolimark Holdings (OTCPK:JLMKF) 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.

Jolimark Holdings Receivables Turnover Related Terms

Thank you for viewing the detailed overview of Jolimark Holdings's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Jolimark Holdings (Jolimark Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Jolimark Holdings Ltd (OTCPK:JLMKF) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

02028:Hong Kong

Address

Jiangyu Science and Technology Park, 18 Jiangyu Road, Jinguzhou Development Zone, Xinhui District, Guangdong province, Jiangmen, CHN, 529141

Website

https://www.jolimark.com

Jolimark Holdings Ltd is an investment holding company. It is engaged in the manufacture and sale of printers and other electronic products. The group sells products to end-users mainly through third-party distributors or corporate customers. It generates maximum revenue from the Printers business. Geographically, it derives a majority of revenue from the PRC.