QPL International Holdings (HKSE:00243) Receivables Turnover : 2.47 (As of Oct. 2023)

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What is QPL International 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. QPL International Holdings's Revenue for the six months ended in Oct. 2023 was HK$132.6 Mil. QPL International Holdings's average Accounts Receivable for the six months ended in Oct. 2023 was HK$53.6 Mil. Hence, QPL International Holdings's Receivables Turnover for the six months ended in Oct. 2023 was 2.47.

QPL International Holdings Receivables Turnover Historical Data

The historical data trend for QPL International 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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QPL International Holdings Receivables Turnover Chart

QPL International Holdings Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Receivables Turnover

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4.56

4.46

4.52

4.63

3.51

QPL International Holdings Semi-Annual Data
	Apr14	Oct14	Apr15	Oct15	Apr16	Oct16	Apr17	Oct17	Apr18	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23
Receivables Turnover	Get a 7-Day Free Trial															2.48	2.35	1.88	2.41	2.47

Competitive Comparison of QPL International Holdings's Receivables Turnover

For the Semiconductors subindustry, QPL International 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.

QPL International Holdings's Receivables Turnover Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, QPL International Holdings's Receivables Turnover distribution charts can be found below:

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

QPL International Holdings Receivables Turnover Calculation

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

QPL International Holdings's Receivables Turnover for the fiscal year that ended in Apr. 2023 is calculated as

	Receivables Turnover (A: Apr. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Apr. 2023 )	/ (	(Accounts Receivable (A: Apr. 2022 )	+	Accounts Receivable (A: Apr. 2023 ))	/	count )
=	312.928	/ (	(117.383	+	61.171)	/	2 )
=	312.928	/	89.277
=	3.51

QPL International Holdings's Receivables Turnover for the quarter that ended in Oct. 2023 is calculated as

	Receivables Turnover (Q: Oct. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Oct. 2023 )	/ (	(Accounts Receivable (Q: Apr. 2023 )	+	Accounts Receivable (Q: Oct. 2023 ))	/	count )
=	132.569	/ (	(61.171	+	45.996)	/	2 )
=	132.569	/	53.5835
=	2.47

QPL International Holdings (HKSE:00243) 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.

QPL International Holdings Receivables Turnover Related Terms

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QPL International Holdings (HKSE:00243) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » QPL International Holdings Ltd (HKSE:00243) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

22-28 Tai Chung Road, 8th Floor, Hale Weal Industrial Building, Tsuen Wan, New Territories, Hong Kong, HKG

Website

http://www.qpl.com

QPL International Holdings Ltd is engaged in the business of manufacturing and sale of integrated circuit lead frames, heatsinks, stiffners, and related products. The company derives the majority of its revenue from Malaysia, followed by the China. Some of the products of the company are small outline integrated circuit, quad flat package, thin quad flat package, plastic dual into package, plastic leaded chip carrier, and thin small outline package.

Executives

Hui Sau King Florence

2101 Beneficial owner

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