Smart Globe Holdings (HKSE:01481) Receivables Turnover

: 1.45 (As of Jun. 2023)

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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. Smart Globe Holdings's Revenue for the six months ended in Jun. 2023 was HK$45.63 Mil. Smart Globe Holdings's average Accounts Receivable for the six months ended in Jun. 2023 was HK$31.57 Mil. Hence, Smart Globe Holdings's Receivables Turnover for the six months ended in Jun. 2023 was 1.45.

Smart Globe Holdings Receivables Turnover Historical Data

The historical data trend for Smart Globe 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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Smart Globe Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

2.87

2.95

4.20

3.67

3.28

Smart Globe Holdings Semi-Annual Data
	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover													1.89	1.85	1.74	1.45	1.79

Competitive Comparison

For the Publishing subindustry, Smart Globe 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.

Smart Globe Holdings Receivables Turnover Distribution

For the Media - Diversified industry and Communication Services sector, Smart Globe Holdings's Receivables Turnover distribution charts can be found below:

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

Smart Globe Holdings Receivables Turnover Calculation

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

Smart Globe Holdings's Receivables Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Receivables Turnover (A: Dec. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2022 )	/ (	(Accounts Receivable (A: Dec. 2021 )	+	Accounts Receivable (A: Dec. 2022 ))	/	count )
=	131.647	/ (	(39.324	+	32.326)	/	2 )
=	131.647	/	35.825
=	3.67

Smart Globe Holdings's Receivables Turnover for the quarter that ended in Jun. 2023 is calculated as

	Receivables Turnover (Q: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2023 )	/ (	(Accounts Receivable (Q: Dec. 2022 )	+	Accounts Receivable (Q: Jun. 2023 ))	/	count )
=	45.629	/ (	(32.326	+	30.823)	/	2 )
=	45.629	/	31.5745
=	1.45

Smart Globe Holdings (HKSE:01481) 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.

Smart Globe Holdings Receivables Turnover Related Terms

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Smart Globe Holdings (HKSE:01481) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Smart Globe Holdings Ltd (HKSE:01481) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

Heyuan Hi-Tech Development Zone, Guangdong Province, Heyuan, CHN

Website

http://www.smartglobehk.com

Smart Globe Holdings Ltd is engaged in the provision of printing services. Its operations comprise printing books products and novelty and packaging products. The company offers a full suite of services from pre-press to printing to finishing services, as well as producing custom-made and value-added printing products. It manufactures varieties of products such as Oversized books, Novelty and packaging products. The group's operations are located in Hong Kong and the PRC. It derives key revenue from Hong Kong.

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