Porter Holding International (Porter Holding International) Receivables Turnover : 26.00 (As of Mar. 2022)

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What is Porter Holding International 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. Porter Holding International's Revenue for the three months ended in Mar. 2022 was $0.03 Mil. Porter Holding International's average Accounts Receivable for the three months ended in Mar. 2022 was $0.00 Mil. Hence, Porter Holding International's Receivables Turnover for the three months ended in Mar. 2022 was 26.00.

Porter Holding International Receivables Turnover Historical Data

The historical data trend for Porter Holding International'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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Porter Holding International Receivables Turnover Chart

Porter Holding International Annual Data

Trend

Feb14

Feb15

Feb16

Feb17

Dec18

Dec19

Dec20

Dec21

Receivables Turnover

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4.75

3.75

1.00

11.10

Porter Holding International Quarterly Data
	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22
Receivables Turnover	Get a 7-Day Free Trial															0.74	0.37	0.70	2.21	26.00

Competitive Comparison of Porter Holding International's Receivables Turnover

For the Consulting Services subindustry, Porter Holding International'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.

Porter Holding International's Receivables Turnover Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Porter Holding International's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Porter Holding International's Receivables Turnover falls into.

Porter Holding International Receivables Turnover Calculation

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

Porter Holding International's Receivables Turnover for the fiscal year that ended in Dec. 2021 is calculated as

	Receivables Turnover (A: Dec. 2021 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2021 )	/ (	(Accounts Receivable (A: Dec. 2020 )	+	Accounts Receivable (A: Dec. 2021 ))	/	count )
=	0.111	/ (	(0.019	+	0.001)	/	2 )
=	0.111	/	0.01
=	11.10

Porter Holding International's Receivables Turnover for the quarter that ended in Mar. 2022 is calculated as

	Receivables Turnover (Q: Mar. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2022 )	/ (	(Accounts Receivable (Q: Dec. 2021 )	+	Accounts Receivable (Q: Mar. 2022 ))	/	count )
=	0.026	/ (	(0.001	+	0)	/	1 )
=	0.026	/	0.001
=	26.00

Porter Holding International (OTCPK:ULNV) 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.

Porter Holding International Receivables Turnover Related Terms

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Porter Holding International (Porter Holding International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Porter Holding International Inc (OTCPK:ULNV) » Definitions » Receivables Turnover

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Address

No. 2010, Renmin South Road, 36th Floor, Shenzhen Development Center, Luohu District, Guangdong, Shenzhen, CHN, 518001

Website

http://www.cnporter.com

Porter Holding International Inc is a commercial platform provider that offers O2O (Network and Entity) Services and only focuses on commodities and merchants. It provides commodities and merchants with concrete platforms and operations in terms of online marketing coverage and offline marketing services. The company's operating segment includes Consulting services and Training services and others. It generates maximum revenue from Consulting services segment.

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