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Flat Glass Group Co (HKSE:06865) Receivables Turnover : 1.46 (As of Mar. 2024)


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What is Flat Glass Group Co 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. Flat Glass Group Co's Revenue for the three months ended in Mar. 2024 was HK$6,220 Mil. Flat Glass Group Co's average Accounts Receivable for the three months ended in Mar. 2024 was HK$4,270 Mil. Hence, Flat Glass Group Co's Receivables Turnover for the three months ended in Mar. 2024 was 1.46.


Flat Glass Group Co Receivables Turnover Historical Data

The historical data trend for Flat Glass Group Co'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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Flat Glass Group Co Receivables Turnover Chart

Flat Glass Group Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.94 5.16 7.11 7.69 6.57

Flat Glass Group Co Quarterly Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.95 1.42 2.00 - 1.46

Competitive Comparison of Flat Glass Group Co's Receivables Turnover

For the Building Products & Equipment subindustry, Flat Glass Group Co'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.


Flat Glass Group Co's Receivables Turnover Distribution in the Construction Industry

For the Construction industry and Industrials sector, Flat Glass Group Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Flat Glass Group Co's Receivables Turnover falls into.



Flat Glass Group Co Receivables Turnover Calculation

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

Flat Glass Group Co'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 )
=23542.178 / ((3139.186 + 4031.144) / 2 )
=23542.178 / 3585.165
=6.57

Flat Glass Group Co's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

Receivables Turnover (Q: Mar. 2024 )
=Revenue / Average Total Inventories
=Revenue (Q: Mar. 2024 ) / ((Accounts Receivable (Q: Dec. 2023 ) + Accounts Receivable (Q: Mar. 2024 )) / count )
=6219.98 / ((4031.144 + 4508.417) / 2 )
=6219.98 / 4269.7805
=1.46

* 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.


Flat Glass Group Co  (HKSE:06865) 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.


Flat Glass Group Co Receivables Turnover Related Terms

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Flat Glass Group Co (HKSE:06865) Business Description

Traded in Other Exchanges
Address
1999 Yunhe Road, Xiuzhou District, Zhejiang Province, Jiaxing, CHN
Flat Glass Group Co Ltd manufactures and sells glass and glass products. The Company operates in six segments: Photovoltaic (PV) Glass, Household Glass, Architectural Glass, Float glass, Mining products, and Other businesses. The majority of revenue is derived from the PV glass segment. Its geographical segments are China, Asia (excluding the PRC and Japan), Europe, North America, and Others.

Flat Glass Group Co (HKSE:06865) Headlines

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