WANG & LEE Group (WANG & LEE Group) Receivables Turnover : 2.42 (As of Dec. 2023)

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What is WANG & LEE 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. WANG & LEE Group's Revenue for the six months ended in Dec. 2023 was $5.39 Mil. WANG & LEE Group's average Accounts Receivable for the six months ended in Dec. 2023 was $2.23 Mil. Hence, WANG & LEE Group's Receivables Turnover for the six months ended in Dec. 2023 was 2.42.

WANG & LEE Group Receivables Turnover Historical Data

The historical data trend for WANG & LEE 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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WANG & LEE Group Receivables Turnover Chart

WANG & LEE Group Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

3.28

4.16

4.58

2.63

WANG & LEE Group Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial			2.85	1.89	3.55	2.03	2.42

Competitive Comparison of WANG & LEE Group's Receivables Turnover

For the Engineering & Construction subindustry, WANG & LEE 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.

WANG & LEE Group's Receivables Turnover Distribution in the Construction Industry

For the Construction industry and Industrials sector, WANG & LEE Group's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where WANG & LEE Group's Receivables Turnover falls into.

WANG & LEE Group Receivables Turnover Calculation

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

WANG & LEE Group'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 )
=	6.826	/ (	(1.071	+	4.115)	/	2 )
=	6.826	/	2.593
=	2.63

WANG & LEE Group'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 )
=	5.389	/ (	(0.346	+	4.115)	/	2 )
=	5.389	/	2.2305
=	2.42

WANG & LEE Group (NAS:WLGS) 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.

WANG & LEE Group Receivables Turnover Related Terms

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WANG & LEE Group (WANG & LEE Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » WANG & LEE Group Inc (NAS:WLGS) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

3 Tai Yip Street, 5th Floor, Wing Tai Factory Building, Kwun Tong, Kowloon, Hong Kong, HKG

Website

http://www.wangnlee.com.hk

WANG & LEE Group Inc operates as an investment holding company. The firm conducts its primary operations through its indirectly wholly owned subsidiary WANG and LEE CONTRACTING LIMITED (WLHK). WLHK provides contract engineering, installation, and out-fitting of the following products and services: low voltage (220v/phase 1 or 380v/phase 3) electrical systems, mechanical ventilation and air-conditioning systems (MVAC), fire safety systems, and water supply and sewage disposal systems.

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