Megain Holding (Cayman) Co (HKSE:06939) Receivables Turnover : 1.53 (As of Dec. 2023)

View and export this data going back to 2021. Start your Free Trial

What is Megain Holding (Cayman) 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. Megain Holding (Cayman) Co's Revenue for the six months ended in Dec. 2023 was HK$93.3 Mil. Megain Holding (Cayman) Co's average Accounts Receivable for the six months ended in Dec. 2023 was HK$61.0 Mil. Hence, Megain Holding (Cayman) Co's Receivables Turnover for the six months ended in Dec. 2023 was 1.53.

Megain Holding (Cayman) Co Receivables Turnover Historical Data

The historical data trend for Megain Holding (Cayman) 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.

* Premium members only.

Megain Holding (Cayman) Co Receivables Turnover Chart

Megain Holding (Cayman) Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

Get a 7-Day Free Trial

1.80

2.61

3.03

2.24

2.55

Megain Holding (Cayman) Co Semi-Annual Data
	Dec17	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial						1.69	1.00	1.26	1.34	1.53

Competitive Comparison of Megain Holding (Cayman) Co's Receivables Turnover

For the Computer Hardware subindustry, Megain Holding (Cayman) 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.

Megain Holding (Cayman) Co's Receivables Turnover Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Megain Holding (Cayman) Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Megain Holding (Cayman) Co's Receivables Turnover falls into.

Megain Holding (Cayman) Co Receivables Turnover Calculation

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

Megain Holding (Cayman) 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 )
=	188.561	/ (	(84.014	+	63.913)	/	2 )
=	188.561	/	73.9635
=	2.55

Megain Holding (Cayman) Co'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 )
=	93.339	/ (	(58.072	+	63.913)	/	2 )
=	93.339	/	60.9925
=	1.53

Megain Holding (Cayman) Co (HKSE:06939) 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.

Megain Holding (Cayman) Co Receivables Turnover Related Terms

Thank you for viewing the detailed overview of Megain Holding (Cayman) Co's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Megain Holding (Cayman) Co (HKSE:06939) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Megain Holding (Cayman) Co Ltd (HKSE:06939) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 115 Huawei Road, Block A, Floor 3, Guangdong Province, Zhuhai, CHN, 519000

Website

https://www.megaincayman.com

Megain Holding (Cayman) Co Ltd is an investment holding company engaged in the provision of research, design, development, and sales of compatible cartridge chips based in China. The company's products are the core components of compatible cartridges, which are printer consumables designed and manufactured by third-party cartridge manufacturers and include ink cartridges for use in inkjet printers and toner cartridges for use in laser printers. Its product application includes Desktop laser printers, Desktop inkjet printers, and Commercial printers. The company derives a majority of its revenue from the People's Republic of China.

Executives

Cheng Hsien-wei	2201 Interest of corporation controlled by you
Global Megain Technology Pte. Ltd.	2101 Beneficial owner
Arista Global Ltd.	2103 Interests held jointly with another person
Lee Kuo-chang	2103 Interests held jointly with another person
Good Loyal Corporation	2101 Beneficial owner
Yu Yiding	2201 Interest of corporation controlled by you
Lam Tsz Leung	2101 Beneficial owner

Megain Holding (Cayman) Co (HKSE:06939) Headlines

No Headlines