Grown Up Group Investment Holdings (HKSE:01842) Receivables Turnover : 2.53 (As of Dec. 2023)

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What is Grown Up Group Investment 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. Grown Up Group Investment Holdings's Revenue for the six months ended in Dec. 2023 was HK$134.4 Mil. Grown Up Group Investment Holdings's average Accounts Receivable for the six months ended in Dec. 2023 was HK$53.2 Mil. Hence, Grown Up Group Investment Holdings's Receivables Turnover for the six months ended in Dec. 2023 was 2.53.

Grown Up Group Investment Holdings Receivables Turnover Historical Data

The historical data trend for Grown Up Group Investment 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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Grown Up Group Investment Holdings Receivables Turnover Chart

Grown Up Group Investment Holdings Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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2.18

3.73

5.24

6.52

4.96

Grown Up Group Investment 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									2.00	2.97	3.27	2.84	2.53

Competitive Comparison of Grown Up Group Investment Holdings's Receivables Turnover

For the Footwear & Accessories subindustry, Grown Up Group Investment 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.

Grown Up Group Investment Holdings's Receivables Turnover Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Grown Up Group Investment Holdings's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Grown Up Group Investment Holdings's Receivables Turnover falls into.

Grown Up Group Investment Holdings Receivables Turnover Calculation

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

Grown Up Group Investment 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 )
=	291.56	/ (	(60.956	+	56.709)	/	2 )
=	291.56	/	58.8325
=	4.96

Grown Up Group Investment 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 )
=	134.429	/ (	(49.725	+	56.709)	/	2 )
=	134.429	/	53.217
=	2.53

Grown Up Group Investment Holdings (HKSE:01842) 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.

Grown Up Group Investment Holdings Receivables Turnover Related Terms

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Grown Up Group Investment Holdings (HKSE:01842) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Grown Up Group Investment Holdings Ltd (HKSE:01842) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

55 Ting Kok Road, Tai Po, Flat D, 7th Floor, Block 2, Tai Ping Industrial Centre, New Territories, Hong Kong, HKG

Website

https://www.grown-up-europe.com

Grown Up Group Investment Holdings Ltd is engaged in the manufacturing and sale of backpack and luggage. The backpack and luggage products are categorized into private label products and branded products covering licensed brand products. These products catered to kid, teen, sports, leisure, business, travel, and technical segments. It operates in The private label products segment products are produced and sold under both Original Equipment Manufacturer (OEM) and Original Design Manufacturer (ODM) businesses to the brand owners or their licensees. The branded label products segment products branded under the Group's proprietary Ellehammer brand as well as the licensed brands, distributed through the Group's sales network.

Executives

Berg Group Holding Limited
Gp Group Investment Holding Limited
Grimshaw Stuart Ian	2101 Beneficial owner
Berg Thomas	2201 Interest of corporation controlled by you

Grown Up Group Investment Holdings (HKSE:01842) Headlines

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