YGM Trading (HKSE:00375) Receivables Turnover : 6.10 (As of Sep. 2023)

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What is YGM Trading 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. YGM Trading's Revenue for the six months ended in Sep. 2023 was HK$106.6 Mil. YGM Trading's average Accounts Receivable for the six months ended in Sep. 2023 was HK$17.5 Mil. Hence, YGM Trading's Receivables Turnover for the six months ended in Sep. 2023 was 6.10.

YGM Trading Receivables Turnover Historical Data

The historical data trend for YGM Trading'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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YGM Trading Receivables Turnover Chart

YGM Trading Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

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12.77

12.52

13.18

13.01

11.66

YGM Trading Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Receivables Turnover	Get a 7-Day Free Trial															6.47	6.47	4.80	6.52	6.10

Competitive Comparison of YGM Trading's Receivables Turnover

For the Apparel Retail subindustry, YGM Trading'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.

YGM Trading's Receivables Turnover Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, YGM Trading's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where YGM Trading's Receivables Turnover falls into.

YGM Trading Receivables Turnover Calculation

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

YGM Trading's Receivables Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Receivables Turnover (A: Mar. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2023 )	/ (	(Accounts Receivable (A: Mar. 2022 )	+	Accounts Receivable (A: Mar. 2023 ))	/	count )
=	214.129	/ (	(17.112	+	19.608)	/	2 )
=	214.129	/	18.36
=	11.66

YGM Trading's Receivables Turnover for the quarter that ended in Sep. 2023 is calculated as

	Receivables Turnover (Q: Sep. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2023 )	/ (	(Accounts Receivable (Q: Mar. 2023 )	+	Accounts Receivable (Q: Sep. 2023 ))	/	count )
=	106.574	/ (	(19.608	+	15.334)	/	2 )
=	106.574	/	17.471
=	6.10

YGM Trading (HKSE:00375) 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.

YGM Trading Receivables Turnover Related Terms

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YGM Trading (HKSE:00375) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » YGM Trading Ltd (HKSE:00375) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

22 Tai Yau Street, San Po Kong, Kowloon, Hong Kong, HKG

Website

https://www.ygmtrading.com

YGM Trading Ltd is an investment holding and provision of management service company. The company's operating segments include Sales of garments; Licensing of trademarks; Printing and related services and Property rental. The sales of garments segment of the company is involved in the wholesale and retail of garments; the Printing and related services segment is engaged in the provision of security printing and sale of printed products; Licensing of trademarks segment is engaged in the management and licensing of trademarks for royalty income, and Property rental: leasing of properties to generate rental income. The company generates maximum revenue from the Sales of the garments segment. Geographically, it derives a majority of its revenue from Hong Kong.

Executives

Chan Wing Fui Peter	2101 Beneficial owner
Chan Suk Ling, Shirley	2101 Beneficial owner
Chan Wing Sun
Chan Wing To	2101 Beneficial owner

YGM Trading (HKSE:00375) Headlines

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