Q P Group Holdings (HKSE:01412) Receivables Turnover : 3.62 (As of Dec. 2023)

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What is Q P Group 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. Q P Group Holdings's Revenue for the six months ended in Dec. 2023 was HK$579 Mil. Q P Group Holdings's average Accounts Receivable for the six months ended in Dec. 2023 was HK$160 Mil. Hence, Q P Group Holdings's Receivables Turnover for the six months ended in Dec. 2023 was 3.62.

Q P Group Holdings Receivables Turnover Historical Data

The historical data trend for Q P Group 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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Q P Group Holdings Receivables Turnover Chart

Q P Group Holdings Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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6.63

6.16

5.86

6.62

6.75

Q P Group Holdings 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									3.71	2.55	2.95	3.07	3.62

Competitive Comparison of Q P Group Holdings's Receivables Turnover

For the Paper & Paper Products subindustry, Q P Group 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.

Q P Group Holdings's Receivables Turnover Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, Q P Group Holdings's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Q P Group Holdings's Receivables Turnover falls into.

Q P Group Holdings Receivables Turnover Calculation

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

Q P Group Holdings'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 )
=	1039.199	/ (	(144.432	+	163.323)	/	2 )
=	1039.199	/	153.8775
=	6.75

Q P Group Holdings'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 )
=	578.508	/ (	(156.123	+	163.323)	/	2 )
=	578.508	/	159.723
=	3.62

Q P Group Holdings (HKSE:01412) 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.

Q P Group Holdings Receivables Turnover Related Terms

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Q P Group Holdings (HKSE:01412) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Q P Group Holdings Ltd (HKSE:01412) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

No. 1 On Kwan Street, 21st Floor, Kings Wing Plaza 2, Shek Mun, Shatin, New Territories, Hong Kong, HKG

Website

https://www.qpp.com

Q P Group Holdings Ltd is a paper product manufacturing and printing services provider. The company's products can be classified as Tabletop games, Greeting cards, Educational items, Premium packaging, and other products. The firm's revenue is generated through sales of greeting cards and paper products. The operating segments of the group are Web sales and Original equipment manufacturer (OEM) sales. It has a business presence in the United States, Europe, the PRC, and others, of which key revenue is derived from the United States.

Executives

Good Elite Holdings Limited	2101 Beneficial owner
Cypress Spurge Holdings Limited	2101 Beneficial owner
Cheng Wan Wai	2201 Interest of corporation controlled by you
Hui Li Kwan	2202 Interest of your spouse
Wong Lai Ying	2202 Interest of your spouse
Yeung Keng Wu Kenneth	2201 Interest of corporation controlled by you
Liu Shuk Yu Sanny	2201 Interest of corporation controlled by you

Q P Group Holdings (HKSE:01412) Headlines

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