Grand Ocean Retail Group (TPE:5907) Receivables Turnover : 5.13 (As of Dec. 2024)

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What is Grand Ocean Retail 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. Grand Ocean Retail Group's Revenue for the three months ended in Dec. 2024 was NT$836 Mil. Grand Ocean Retail Group's average Accounts Receivable for the three months ended in Dec. 2024 was NT$163 Mil. Hence, Grand Ocean Retail Group's Receivables Turnover for the three months ended in Dec. 2024 was 5.13.

Grand Ocean Retail Group Receivables Turnover Historical Data

The historical data trend for Grand Ocean Retail 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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Grand Ocean Retail Group Receivables Turnover Chart

Grand Ocean Retail Group Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Receivables Turnover

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27.98

26.62

18.71

17.13

18.17

Grand Ocean Retail Group Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Receivables Turnover	Get a 7-Day Free Trial															4.65	5.40	5.10	4.40	5.13

Competitive Comparison of Grand Ocean Retail Group's Receivables Turnover

For the Department Stores subindustry, Grand Ocean Retail 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.

Grand Ocean Retail Group's Receivables Turnover Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Grand Ocean Retail Group's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Grand Ocean Retail Group's Receivables Turnover falls into.

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Grand Ocean Retail Group Receivables Turnover Calculation

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

Grand Ocean Retail Group's Receivables Turnover for the fiscal year that ended in Dec. 2024 is calculated as

	Receivables Turnover (A: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2024 )	/ (	(Accounts Receivable (A: Dec. 2023 )	+	Accounts Receivable (A: Dec. 2024 ))	/	count )
=	3234.915	/ (	(191.538	+	164.486)	/	2 )
=	3234.915	/	178.012
=	18.17

Grand Ocean Retail Group's Receivables Turnover for the quarter that ended in Dec. 2024 is calculated as

	Receivables Turnover (Q: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2024 )	/ (	(Accounts Receivable (Q: Sep. 2024 )	+	Accounts Receivable (Q: Dec. 2024 ))	/	count )
=	836.094	/ (	(161.526	+	164.486)	/	2 )
=	836.094	/	163.006
=	5.13

Grand Ocean Retail Group (TPE:5907) 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.

Grand Ocean Retail Group Receivables Turnover Related Terms

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Grand Ocean Retail Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Grand Ocean Retail Group Ltd (TPE:5907) » Definitions » Receivables Turnover

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Traded in Other Exchanges

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Address

No. 237, Fuxing South Road, 14th Floor, Section 2, Da'an District, Taipei, TWN, 106

Website

http://www.grandocean.com.tw

Grand Ocean Retail Group Ltd operates department stores in China. The company is engaged in the operation and management of department stores in Nanjing, Wuhan, Chongqing, Fuzhou, Suzhou, Quanzhou, Xiangtan, Hengyang, Yichang, and Hefei cities. It generates revenue from Commission and Commodity Sales. The main revenues of the group come from the department store retail business. It has fourteen department stores have been officially put into operation in nine cities including Shiyan (including Fuzhou Jiarui Xing's underground shopping mall business.

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