APAC Resources (HKSE:01104) Receivables Turnover : 8.62 (As of Dec. 2023)

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What is APAC Resources 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. APAC Resources's Revenue for the six months ended in Dec. 2023 was HK$941 Mil. APAC Resources's average Accounts Receivable for the six months ended in Dec. 2023 was HK$109 Mil. Hence, APAC Resources's Receivables Turnover for the six months ended in Dec. 2023 was 8.62.

APAC Resources Receivables Turnover Historical Data

The historical data trend for APAC Resources'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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APAC Resources Receivables Turnover Chart

APAC Resources Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Receivables Turnover

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5.10

69.59

10.03

3.28

APAC Resources Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															0.78	-	-	-	8.62

Competitive Comparison of APAC Resources's Receivables Turnover

For the Capital Markets subindustry, APAC Resources'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.

APAC Resources's Receivables Turnover Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, APAC Resources's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where APAC Resources's Receivables Turnover falls into.

APAC Resources Receivables Turnover Calculation

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

APAC Resources's Receivables Turnover for the fiscal year that ended in Jun. 2023 is calculated as

	Receivables Turnover (A: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jun. 2023 )	/ (	(Accounts Receivable (A: Jun. 2022 )	+	Accounts Receivable (A: Jun. 2023 ))	/	count )
=	431.937	/ (	(0	+	0)	/	1 )
=	431.937	/	0
=	N/A

APAC Resources's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Jun. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	941.434	/ (	(0	+	109.232)	/	1 )
=	941.434	/	109.232
=	8.62

APAC Resources (HKSE:01104) 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.

APAC Resources Receivables Turnover Related Terms

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APAC Resources (HKSE:01104) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » APAC Resources Ltd (HKSE:01104) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

APPCF:USA FZV1:Germany

Address

138 Gloucester Road, Allied Kajima Building, Wanchai, Room 2304, 23rd Floor, Hong Kong, HKG

Website

http://www.apacresources.com

APAC Resources Ltd is an investment holding company principally engaged in the commodity trading business and natural source investment business. The company operates through three business segments namely Commodity Business which includes trading of commodities, Resource investment which is engaged in the trading of and investment in listed and unlisted securities and Principal investment and financial services which engaged in the provision of loan financing and investments in loan notes, convertible notes, and other financial assets. The company generates maximum revenue from Commodity Business segment.

Executives

Old Peak Asia Fund Ltd.	2201 Interest of corporation controlled by you
Pia Ltd	2102 Investment manager
Allied Group Limited	2201 Interest of corporation controlled by you
Lee Seng Hui	2201 Interest of corporation controlled by you
Lee Seng Huang	2201 Interest of corporation controlled by you
Lee Su Hwei	2201 Interest of corporation controlled by you
Opg Holdings Llc	2201 Interest of corporation controlled by you
Shougang Fushan Resources Group Limited
Allied Properties (h.k.) Limited	2201 Interest of corporation controlled by you

APAC Resources (HKSE:01104) Headlines

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