Intelligent Group (Intelligent Group) Receivables Turnover : 2.45 (As of Nov. 2023)

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What is Intelligent Group 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. Intelligent Group's Revenue for the six months ended in Nov. 2023 was $1.59 Mil. Intelligent Group's average Accounts Receivable for the six months ended in Nov. 2023 was $0.65 Mil. Hence, Intelligent Group's Receivables Turnover for the six months ended in Nov. 2023 was 2.45.

Intelligent Group Receivables Turnover Historical Data

The historical data trend for Intelligent Group'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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Intelligent Group Receivables Turnover Chart

Intelligent Group Annual Data

Trend

Nov20

Nov21

Nov22

Nov23

Receivables Turnover

8.13

7.48

3.90

5.07

Intelligent Group Semi-Annual Data
	Nov20	May21	Nov21	May22	Nov22	May23	Nov23
Receivables Turnover	Get a 7-Day Free Trial			3.10	1.63	1.67	2.19	2.45

Competitive Comparison of Intelligent Group's Receivables Turnover

For the Consulting Services subindustry, Intelligent Group'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.

Intelligent Group's Receivables Turnover Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Intelligent Group's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Intelligent Group's Receivables Turnover falls into.

Intelligent Group Receivables Turnover Calculation

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

Intelligent Group's Receivables Turnover for the fiscal year that ended in Nov. 2023 is calculated as

	Receivables Turnover (A: Nov. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Nov. 2023 )	/ (	(Accounts Receivable (A: Nov. 2022 )	+	Accounts Receivable (A: Nov. 2023 ))	/	count )
=	2.631	/ (	(0.343	+	0.694)	/	2 )
=	2.631	/	0.5185
=	5.07

Intelligent Group's Receivables Turnover for the quarter that ended in Nov. 2023 is calculated as

	Receivables Turnover (Q: Nov. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Nov. 2023 )	/ (	(Accounts Receivable (Q: May. 2023 )	+	Accounts Receivable (Q: Nov. 2023 ))	/	count )
=	1.59	/ (	(0.604	+	0.694)	/	2 )
=	1.59	/	0.649
=	2.45

Intelligent Group (NAS:INTJ) 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.

Intelligent Group Receivables Turnover Related Terms

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Intelligent Group (Intelligent Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Intelligent Group Ltd (NAS:INTJ) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

18 Harcourt Road, Unit 2803, Level 28, Tower 1, Admiralty Centre, Admiralty, Hong Kong, HKG

Website

http://www.intelligentjoy.com

Intelligent Group Ltd is a professional services provider in Hong Kong that principally engages in the provision of Financial PR services. The company provides a substantial number of holistic and comprehensive Financial PR services to its clients through IJL, its key operating entity in Hong Kong. It advises its clients on their communications and reputation management efforts. Its Financial PR services include creating multi-stakeholder communications programs, arranging press conferences and interviews, participating in the preparation of news releases and shareholders' meetings, monitoring news publications, identifying shareholders, targeting potential investors, organizing corporate events, and implementing crisis management policies and procedures.