TLGN (Ever Harvest International Group) Receivables Turnover: 1.11 (As of Sep. 2022)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

What is Ever Harvest International Group Receivables Turnover?

Ever Harvest International Group TLGN -99.00% Receivables Turnover is 1.11 as of Sep. 2022.

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. Ever Harvest International Group's Revenue for the three months ended in Sep. 2022 was $0.04 Mil. Ever Harvest International Group's average Accounts Receivable for the three months ended in Sep. 2022 was $0.04 Mil. Hence, Ever Harvest International Group's Receivables Turnover for the three months ended in Sep. 2022 was 1.11.

Ever Harvest International Group  (OTCPK:TLGN) 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.

Ever Harvest International Group Receivables Turnover Related Terms

Ever Harvest International Group Receivables Turnover Historical Data

* Premium members only.

The historical data trend for Ever Harvest International 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.

Ever Harvest International Group Receivables Turnover Chart

Ever Harvest International Group Annual Data
Trend Dec20 Dec21
Receivables Turnover
65.00 489.00

Ever Harvest International Group Quarterly Data
Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22
Receivables Turnover Get a 7-Day Free Trial Premium Member Only 0.00 0.00 0.00 0.00 1.11

TLGN vs RCG, SYTE, JP: Receivables Turnover Comparison

For the Asset Management subindustry, Ever Harvest International 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.

Ever Harvest International Group Receivables Turnover vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Ever Harvest International Group's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Ever Harvest International Group's Receivables Turnover falls into.


Ever Harvest International Group Receivables Turnover Calculation

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

Ever Harvest International Group's Receivables Turnover for the fiscal year that ended in Dec. 2021 is calculated as

Receivables Turnover (A: Dec. 2021 )
=Revenue / Average Accounts Receivable
=Revenue (A: Dec. 2021 ) / ((Accounts Receivable (A: Dec. 2020 ) + Accounts Receivable (A: Dec. 2021 )) / count )
=0.489 / ((0.001 + 0) / 1 )
=0.489 / 0.001
=489.00

Ever Harvest International Group's Receivables Turnover for the quarter that ended in Sep. 2022 is calculated as

Receivables Turnover (Q: Sep. 2022 )
=Revenue / Average Accounts Receivable
=Revenue (Q: Sep. 2022 ) / ((Accounts Receivable (Q: Jun. 2022 ) + Accounts Receivable (Q: Sep. 2022 )) / count )
=0.042 / ((0 + 0.038) / 1 )
=0.042 / 0.038
=1.11

* 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.

Frequently Asked Questions Learn more about Receivables Turnover →
What does a Receivables Turnover of 1.11 mean?
Ever Harvest International Group (TLGN) has a Receivables Turnover of 1.11 as of Sep. 2022. The accounts 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. View historical data on Ever Harvest International Group and its competitors.
Is Ever Harvest International Group's Receivables Turnover too high?
Ever Harvest International Group's current Receivables Turnover is 1.11. The Asset Management industry median Receivables Turnover is 7.96. Ever Harvest International Group's value of 1.11 is 86.1% below this industry median.
How does Ever Harvest International Group's Receivables Turnover compare to RCG and SYTE?
Ever Harvest International Group's Receivables Turnover of 1.11 can be compared against companies in the Asset Management industry. The industry median Receivables Turnover is 7.96. Ever Harvest International Group's value of 1.11 is 86.1% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Receivables Turnover for an Asset Management company?
The median Receivables Turnover among Asset Management companies is 7.96, based on 531 companies in the industry. Companies in the top quartile (top 25%) have a Receivables Turnover significantly above this median, while those in the bottom quartile fall well below. However, Receivables Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Ever Harvest International Group's current Receivables Turnover of 1.11 is 86.1% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Receivables Turnover mean?
A high Receivables Turnover can signal that a stock is expensive relative to its fundamentals. The accounts 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. View historical data on Ever Harvest International Group and its competitors. For the Asset Management industry, the median Receivables Turnover is 7.96 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ever Harvest International Group's current Receivables Turnover is 1.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ever Harvest International Group stock overvalued right now?
Ever Harvest International Group (TLGN) has a current Receivables Turnover of 1.11. The current Receivables Turnover is 1.11 and 86.1% below the Asset Management industry median of 7.96. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Receivables Turnover calculated?
Receivables Turnover is calculated from a company's financial statements. For Ever Harvest International Group (TLGN), the current Receivables Turnover is 1.11 as of Sep. 2022. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Ever Harvest International Group Business Description

Address 23 Cameron Road, Suite F, 16th Floor, Tsim Sha Tsui, Hong Kong, HKG
Ever Harvest International Group Inc engaged in the development and sale of STEAM education platforms, aimed at serving the academic community in Hong Kong primary and secondary schools.