Phoenix Plus (Phoenix Plus) Receivables Turnover : 1.70 (As of Jan. 2024)

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What is Phoenix Plus 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. Phoenix Plus's Revenue for the three months ended in Jan. 2024 was $0.49 Mil. Phoenix Plus's average Accounts Receivable for the three months ended in Jan. 2024 was $0.29 Mil. Hence, Phoenix Plus's Receivables Turnover for the three months ended in Jan. 2024 was 1.70.

Phoenix Plus Receivables Turnover Historical Data

The historical data trend for Phoenix Plus'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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Phoenix Plus Receivables Turnover Chart

Phoenix Plus Annual Data

Trend

Jul20

Jul21

Jul22

Jul23

Receivables Turnover

3.39

2.28

1.02

15.38

Phoenix Plus Quarterly Data
	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Receivables Turnover	Get a 7-Day Free Trial												1.25	-	5.20	6.63	1.70

Competitive Comparison of Phoenix Plus's Receivables Turnover

For the Solar subindustry, Phoenix Plus'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.

Phoenix Plus's Receivables Turnover Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Phoenix Plus's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Phoenix Plus's Receivables Turnover falls into.

Phoenix Plus Receivables Turnover Calculation

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

Phoenix Plus's Receivables Turnover for the fiscal year that ended in Jul. 2023 is calculated as

	Receivables Turnover (A: Jul. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jul. 2023 )	/ (	(Accounts Receivable (A: Jul. 2022 )	+	Accounts Receivable (A: Jul. 2023 ))	/	count )
=	0.1	/ (	(0.001	+	0.012)	/	2 )
=	0.1	/	0.0065
=	15.38

Phoenix Plus's Receivables Turnover for the quarter that ended in Jan. 2024 is calculated as

	Receivables Turnover (Q: Jan. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jan. 2024 )	/ (	(Accounts Receivable (Q: Oct. 2023 )	+	Accounts Receivable (Q: Jan. 2024 ))	/	count )
=	0.488	/ (	(0.122	+	0.451)	/	2 )
=	0.488	/	0.2865
=	1.70

Phoenix Plus (OTCPK:PXPC) 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.

Phoenix Plus Receivables Turnover Related Terms

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Phoenix Plus (Phoenix Plus) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Phoenix Plus Corp (OTCPK:PXPC) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

2-3 & 2-5 Bedford Business Park, Jalan 3/137B, Batu 5, Jalan Kelang Lama, Kuala Lumpur, MYS, 58200

Website

https://phoenixpluscorp.com

Phoenix Plus Corp through its Hong Kong subsidiary is engaged in providing technical consultancy on solar power systems and consultancy on green energy solutions, with an additional focus on the commercialization of a targeted portfolio of solar products and technologies for a wide range of applications including electrical power production. The company is geographically segmented in United States, Malaysia and Hong Kong, out of which it generates majority of its revenue from Malaysia.

Phoenix Plus (Phoenix Plus) Headlines

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