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Perfect Group (SHSE:603059) Receivables Turnover : 1.47 (As of Mar. 2024)


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What is Perfect 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. Perfect Group's Revenue for the three months ended in Mar. 2024 was ¥286 Mil. Perfect Group's average Accounts Receivable for the three months ended in Mar. 2024 was ¥195 Mil. Hence, Perfect Group's Receivables Turnover for the three months ended in Mar. 2024 was 1.47.


Perfect Group Receivables Turnover Historical Data

The historical data trend for Perfect 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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Perfect Group Receivables Turnover Chart

Perfect Group Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.88 6.14 6.24 6.32 6.19

Perfect Group Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 1.41 1.60 1.66 1.60 1.47

Competitive Comparison of Perfect Group's Receivables Turnover

For the Household & Personal Products subindustry, Perfect 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.


Perfect Group's Receivables Turnover Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Perfect Group's Receivables Turnover distribution charts can be found below:

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



Perfect Group Receivables Turnover Calculation

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

Perfect Group'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 )
=1066.539 / ((151.573 + 192.792) / 2 )
=1066.539 / 172.1825
=6.19

Perfect Group's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

Receivables Turnover (Q: Mar. 2024 )
=Revenue / Average Total Inventories
=Revenue (Q: Mar. 2024 ) / ((Accounts Receivable (Q: Dec. 2023 ) + Accounts Receivable (Q: Mar. 2024 )) / count )
=285.857 / ((192.792 + 196.884) / 2 )
=285.857 / 194.838
=1.47

* 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.


Perfect Group  (SHSE:603059) 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.


Perfect Group Receivables Turnover Related Terms

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Perfect Group (SHSE:603059) Business Description

Traded in Other Exchanges
N/A
Address
Hangji Industrial Park, Jiangsu Province, Yangzhou, CHN, 225111
Perfect Group Corp Ltd is a China-based company engages in the research and development, production, and sale of dental care product. Its products include toothbrushes, dental floss, interdental brushes, dental floss sticks and denture cleaning tablets.
Executives
Jiang Qiang senior management
Ji Yu Fang Director
Xue Yun Pu Director

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