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King Resources (King Resources) Receivables Turnover : 0.83 (As of Dec. 2023)


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What is King Resources 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. King Resources's Revenue for the three months ended in Dec. 2023 was $0.02 Mil. King Resources's average Accounts Receivable for the three months ended in Dec. 2023 was $0.02 Mil. Hence, King Resources's Receivables Turnover for the three months ended in Dec. 2023 was 0.83.

King Resources Receivables Turnover Historical Data

The historical data trend for King Resources'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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King Resources Receivables Turnover Chart

King Resources Annual Data
Trend Oct99 Oct00 Mar21 Mar22 Mar23
Receivables Turnover
- - 1.97 9.87 10.47

King Resources Quarterly Data
Jan00 Apr00 Jul00 Oct00 Jan01 Apr01 Jul01 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.80 2.76 0.51 0.51 0.83

Competitive Comparison of King Resources's Receivables Turnover

For the Electrical Equipment & Parts subindustry, King Resources'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.

King Resources's Receivables Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, King Resources's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where King Resources's Receivables Turnover falls into.


King Resources Receivables Turnover Calculation

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

King Resources'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 )
=0.199 / ((0 + 0.019) / 1 )
=0.199 / 0.019
=10.47

King Resources'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: Sep. 2023 ) + Accounts Receivable (Q: Dec. 2023 )) / count )
=0.019 / ((0.042 + 0.004) / 2 )
=0.019 / 0.023
=0.83

* 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.

King Resources  (OTCPK:KRFG) 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.

King Resources Receivables Turnover Related Terms

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King Resources (King Resources) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » King Resources Inc (OTCPK:KRFG) » Definitions » Receivables Turnover
Comparable Companies
COUV DCFCQ IMHC PWDY BSTK CAPC DLYT OZSC NXU POLA SZSE:300750 XSWX:ABBN VRT TSE:6503 XPAR:LR BKK:DELTA SZSE:300124 SZSE:300274 HUBB XKRX:247540
Traded in Other Exchanges
N/A
Address
26-28 Au Pui Wan Street, Unit 1813, 18th Floor, Fo Tan Industrial Centre, Fo Tan, Hong Kong, HKG
Website
https://www.powertechcorp.com
King Resources Inc is engaged primarily in the development of smart power supply solutions and products in Hong Kong. The company focuses on research and development solutions, sales of own brand smart power supply products, and development of IoT products across our smart home, smart office and smart fitness ecosystem.
Executives
Lo Mei Fan Pauline director UNIT 1813, 18/F, FO TAN INDUSTRIAL CTR, 26-28 AU PUI WAN STREET, FO TAN K3 00000
Wong Kan Tat Frederick director UNIT 1813, 18/F, FO TAN INDUSTRIAL CTR, 26-28 AU PUI WAN STREET, FO TAN K3 00000
Ping Kee Lau director, officer: CFO and Director FLAT C5, 26/F, TML TOWER, 3 HOI SHING ROAD, TSUEN WAN, NT K3 00000
Silver Bloom Properties Ltd 10 percent owner UNIT 1813,18/F, FO TAN INDUSTRIAL CENTRE, 26-28 AU PUI WANT STREET, FO TAN K3 00000
Wah Fu director, 10 percent owner, officer: CEO, Secretary and Director UNIT 1813,18/F, FO TAN INDUSTRIAL CENTRE, 26-28 AU PUI WAN STREET, FO TAN K3 00000