OKG Technology Holdings (HKSE:01499) Receivables Turnover : 5.50 (As of Sep. 2023)

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What is OKG Technology 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. OKG Technology Holdings's Revenue for the six months ended in Sep. 2023 was HK$123.6 Mil. OKG Technology Holdings's average Accounts Receivable for the six months ended in Sep. 2023 was HK$22.5 Mil. Hence, OKG Technology Holdings's Receivables Turnover for the six months ended in Sep. 2023 was 5.50.

OKG Technology Holdings Receivables Turnover Historical Data

The historical data trend for OKG Technology 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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OKG Technology Holdings Receivables Turnover Chart

OKG Technology Holdings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

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4.15

9.36

7.84

13.24

36.93

OKG Technology Holdings Semi-Annual Data
	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														3.19	5.61	13.38	8.99	5.50

Competitive Comparison of OKG Technology Holdings's Receivables Turnover

For the Engineering & Construction subindustry, OKG Technology 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.

OKG Technology Holdings's Receivables Turnover Distribution in the Construction Industry

For the Construction industry and Industrials sector, OKG Technology Holdings's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where OKG Technology Holdings's Receivables Turnover falls into.

OKG Technology Holdings Receivables Turnover Calculation

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

OKG Technology Holdings'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 )
=	356.431	/ (	(3.896	+	15.409)	/	2 )
=	356.431	/	9.6525
=	36.93

OKG Technology Holdings'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 )
=	123.646	/ (	(15.409	+	29.58)	/	2 )
=	123.646	/	22.4945
=	5.50

OKG Technology Holdings (HKSE:01499) 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.

OKG Technology Holdings Receivables Turnover Related Terms

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OKG Technology Holdings (HKSE:01499) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » OKG Technology Holdings Ltd (HKSE:01499) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

255-257 Gloucester Road, Unit 902-903, 9th Floor, Sino Plaza, Causeway Bay, Hong Kong, HKG

Website

https://www.okg.com.hk

OKG Technology Holdings Ltd provides engineering and building services to the construction sector. The company's operating segment includes Construction waste handling services; Foundation, building construction works and ancillary services; Technical services; Digital assets related businesses; and Other businesses. It generates maximum revenue from the Foundation, building construction works, and ancillary services segment. Geographically, it derives a majority of its revenue from Hong Kong.

Executives

Okc Holdings Corporation	2101 Beneficial owner
Xu Mingxing	2201 Interest of corporation controlled by you

OKG Technology Holdings (HKSE:01499) Headlines

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