Impro Precision Industries (HKSE:01286) Receivables Turnover : 2.03 (As of Dec. 2023)

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What is Impro Precision Industries 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. Impro Precision Industries's Revenue for the six months ended in Dec. 2023 was HK$2,200 Mil. Impro Precision Industries's average Accounts Receivable for the six months ended in Dec. 2023 was HK$1,083 Mil. Hence, Impro Precision Industries's Receivables Turnover for the six months ended in Dec. 2023 was 2.03.

Impro Precision Industries Receivables Turnover Historical Data

The historical data trend for Impro Precision Industries'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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Impro Precision Industries Receivables Turnover Chart

Impro Precision Industries Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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4.49

4.15

4.91

4.48

4.43

Impro Precision Industries Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial									2.31	2.29	2.09	2.20	2.03

Competitive Comparison of Impro Precision Industries's Receivables Turnover

For the Specialty Industrial Machinery subindustry, Impro Precision Industries'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.

Impro Precision Industries's Receivables Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Impro Precision Industries's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Impro Precision Industries's Receivables Turnover falls into.

Impro Precision Industries Receivables Turnover Calculation

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

Impro Precision Industries's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Receivables Turnover (A: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2023 )	/ (	(Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )
=	4604.378	/ (	(1050.511	+	1026.376)	/	2 )
=	4604.378	/	1038.4435
=	4.43

Impro Precision Industries'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 )
=	2199.535	/ (	(1140.28	+	1026.376)	/	2 )
=	2199.535	/	1083.328
=	2.03

Impro Precision Industries (HKSE:01286) 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.

Impro Precision Industries Receivables Turnover Related Terms

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Impro Precision Industries (HKSE:01286) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Impro Precision Industries Ltd (HKSE:01286) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

7IP:Germany

Address

6-8 Harbour Road, Unit 803, Shui On Centre, Wanchai, Hong Kong, HKG

Website

https://www.improprecision.com

Impro Precision Industries Ltd is an investment holding company. It operates in four segments: Investment casting, Precision machining and others, Sand casting, and Surface Treatment. The products and services offered are widely applied to various end-markets, including passenger cars, commercial vehicles, high horsepower engines, hydraulic equipment, construction equipment, agricultural equipment, recreational boats and vehicles, aerospace, and medical. Its geographical segments are the Americas, Europe, and Asia, of which key revenue is generated from the Americas.

Impro Precision Industries (HKSE:01286) Headlines

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