Rare Earth Magnesium Technology Group Holdings (STU:GPS) Receivables Turnover : 96.39 (As of Dec. 2023)

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What is Rare Earth Magnesium Technology 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. Rare Earth Magnesium Technology Group Holdings's Revenue for the six months ended in Dec. 2023 was €18.84 Mil. Rare Earth Magnesium Technology Group Holdings's average Accounts Receivable for the six months ended in Dec. 2023 was €0.20 Mil. Hence, Rare Earth Magnesium Technology Group Holdings's Receivables Turnover for the six months ended in Dec. 2023 was 96.39.

Rare Earth Magnesium Technology Group Holdings Receivables Turnover Historical Data

The historical data trend for Rare Earth Magnesium Technology 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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Rare Earth Magnesium Technology Group Holdings Receivables Turnover Chart

Rare Earth Magnesium Technology Group Holdings Annual Data

Trend

Mar14

Mar15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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8.58

4.58

2.74

5.43

164.56

Rare Earth Magnesium Technology Group Holdings Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															1.58	2.35	4.55	64.05	96.39

Competitive Comparison of Rare Earth Magnesium Technology Group Holdings's Receivables Turnover

For the Other Industrial Metals & Mining subindustry, Rare Earth Magnesium Technology 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.

Rare Earth Magnesium Technology Group Holdings's Receivables Turnover Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Rare Earth Magnesium Technology Group Holdings's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Rare Earth Magnesium Technology Group Holdings's Receivables Turnover falls into.

Rare Earth Magnesium Technology Group Holdings Receivables Turnover Calculation

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

Rare Earth Magnesium Technology Group 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 )
=	30.938	/ (	(0.182	+	0.194)	/	2 )
=	30.938	/	0.188
=	164.56

Rare Earth Magnesium Technology Group 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 )
=	18.844	/ (	(0.197	+	0.194)	/	2 )
=	18.844	/	0.1955
=	96.39

Rare Earth Magnesium Technology Group Holdings (STU:GPS) 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.

Rare Earth Magnesium Technology Group Holdings Receivables Turnover Related Terms

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Rare Earth Magnesium Technology Group Holdings (STU:GPS) Business Description

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00601:Hong Kong

Address

The Gateway, 16th Floor, Tower 5, Tsim Sha Tsui, Kowloon, Harbour city, Hong Kong, HKG

Website

http://www.remt.com.hk

Rare Earth Magnesium Technology Group Holdings Ltd is to develop, produce and sell magnesium alloy series products. The company is principally engaged in one single segment, which is manufacturing and selling magnesium-related products. The company's products include magnesium ingots, semi-coke, and ferroalloy. Geographically, it derives the majority of its revenue from Mainland China and also has a presence in Europe.