Perennial Energy Holdings (HKSE:02798) Receivables Turnover : 4.26 (As of Dec. 2023)

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What is Perennial Energy 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. Perennial Energy Holdings's Revenue for the six months ended in Dec. 2023 was HK$1,168 Mil. Perennial Energy Holdings's average Accounts Receivable for the six months ended in Dec. 2023 was HK$274 Mil. Hence, Perennial Energy Holdings's Receivables Turnover for the six months ended in Dec. 2023 was 4.26.

Perennial Energy Holdings Receivables Turnover Historical Data

The historical data trend for Perennial Energy 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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Perennial Energy Holdings Receivables Turnover Chart

Perennial Energy Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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9.17

14.52

12.87

8.44

5.47

Perennial Energy Holdings Semi-Annual Data
	Dec15	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial										7.49	5.43	3.72	3.01	4.26

Competitive Comparison of Perennial Energy Holdings's Receivables Turnover

For the Coking Coal subindustry, Perennial Energy 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.

Perennial Energy Holdings's Receivables Turnover Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Perennial Energy Holdings's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Perennial Energy Holdings's Receivables Turnover falls into.

Perennial Energy Holdings Receivables Turnover Calculation

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

Perennial Energy 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 )
=	1876.512	/ (	(304.444	+	381.159)	/	2 )
=	1876.512	/	342.8015
=	5.47

Perennial Energy 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 )
=	1168.425	/ (	(166.798	+	381.159)	/	2 )
=	1168.425	/	273.9785
=	4.26

Perennial Energy Holdings (HKSE:02798) 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.

Perennial Energy Holdings Receivables Turnover Related Terms

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Perennial Energy Holdings (HKSE:02798) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Perennial Energy Holdings Ltd (HKSE:02798) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

PEZ:Germany

Address

Hongguo Economic Development Area, Office Building next to E' Lang Pu Leisure Square, Guizhou Province, Liupanshui, CHN

Website

https://www.perennialenergy.hk

Perennial Energy Holdings Ltd is a coal mining. The company operates two underground coal mines in the Songshan coalfield in western Panzhou City, Guizhou Province, the People's Republic of China, namely, the Hongguo Mine and the Baogushan Mine. The revenue of the company is derived from the production and sales of coal products including clean coal, middling coal, and sludge coal; and the sale of coalbed methane gas as well as subcontracting income on coal washing services for Bangda in the People's Republic of China.

Executives

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Yu Bang Ping
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Qu Liu Mei	2202 Interest of your spouse
Gain Resources Limited
Leung Ka Hung

Perennial Energy Holdings (HKSE:02798) Headlines

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