Golik Holdings (HKSE:01118) Receivables Turnover : 2.34 (As of Dec. 2023)

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What is Golik 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. Golik Holdings's Revenue for the six months ended in Dec. 2023 was HK$2,185 Mil. Golik Holdings's average Accounts Receivable for the six months ended in Dec. 2023 was HK$935 Mil. Hence, Golik Holdings's Receivables Turnover for the six months ended in Dec. 2023 was 2.34.

Golik Holdings Receivables Turnover Historical Data

The historical data trend for Golik 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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Golik Holdings Receivables Turnover Chart

Golik Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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4.88

4.85

5.60

5.21

4.68

Golik Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															2.67	2.55	2.48	2.16	2.34

Competitive Comparison of Golik Holdings's Receivables Turnover

For the Steel subindustry, Golik 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.

Golik Holdings's Receivables Turnover Distribution in the Steel Industry

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

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

Golik Holdings Receivables Turnover Calculation

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

Golik 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 )
=	4145.653	/ (	(856.843	+	913.338)	/	2 )
=	4145.653	/	885.0905
=	4.68

Golik 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 )
=	2184.546	/ (	(957.426	+	913.338)	/	2 )
=	2184.546	/	935.382
=	2.34

Golik Holdings (HKSE:01118) 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.

Golik Holdings Receivables Turnover Related Terms

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Golik Holdings (HKSE:01118) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Golik Holdings Ltd (HKSE:01118) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

18 Harbour Road, Suite 6505, Central Plaza, Wanchai, Hong Kong, HKG

Website

https://www.golik.com

Golik Holdings Ltd is involved in the manufacturing, processing, and distribution of steel, metal products, and building construction materials. The operating segments of the group are Metal products and Building Construction Materials. It offers Steel coil processing, steel wires and wire rope products, Concrete products, Construction steel products and processing, and other construction products and Printing materials. The group has a business presence in Hong Kong, Mainland China, Macau, and other countries, of which key revenue is derived from Hong Kong.

Executives

Golik Investments Ltd.
Pang Tak Chung

Golik Holdings (HKSE:01118) Headlines

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