APTtellite Holdings (APTtellite Holdings) Receivables Turnover : 2.62 (As of Dec. 2023)

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What is APTtellite 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. APTtellite Holdings's Revenue for the six months ended in Dec. 2023 was $53.0 Mil. APTtellite Holdings's average Accounts Receivable for the six months ended in Dec. 2023 was $20.2 Mil. Hence, APTtellite Holdings's Receivables Turnover for the six months ended in Dec. 2023 was 2.62.

APTtellite Holdings Receivables Turnover Historical Data

The historical data trend for APTtellite 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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APTtellite Holdings Receivables Turnover Chart

APTtellite Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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6.39

5.42

6.25

7.88

7.37

APTtellite Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															2.27	2.38	2.36	2.87	2.62

Competitive Comparison of APTtellite Holdings's Receivables Turnover

For the Telecom Services subindustry, APTtellite 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.

APTtellite Holdings's Receivables Turnover Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, APTtellite Holdings's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where APTtellite Holdings's Receivables Turnover falls into.

APTtellite Holdings Receivables Turnover Calculation

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

APTtellite 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 )
=	106.786	/ (	(12.9	+	16.077)	/	2 )
=	106.786	/	14.4885
=	7.37

APTtellite 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 )
=	53.042	/ (	(24.408	+	16.077)	/	2 )
=	53.042	/	20.2425
=	2.62

APTtellite Holdings (OTCPK:ASEJF) 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.

APTtellite Holdings Receivables Turnover Related Terms

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APTtellite Holdings (APTtellite Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » APT Satellite Holdings Ltd (OTCPK:ASEJF) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

01045:Hong Kong

Address

22 Dai Kwai Street, Tai Po Industrial Estate, Tai Po, New Territories, Hong Kong, HKG

Website

https://www.apstar.com

APT Satellite Holdings Ltd is an investment holding company. Through its subsidiaries, the company is principally engaged in the maintenance, operation, and provision of satellite transponder capacity and related services; satellite-based broadcasting and telecommunications services; and other services. From a regional perspective, the company's revenue is derived from customers in Hong Kong, Greater China, Southeast Asia, and other regions.

Executives

Jaycee James

10 percent owner

9298 SVL BOX, VICTORVILLE CA 92395

APTtellite Holdings (APTtellite Holdings) Headlines

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