Pine Care Group (HKSE:01989) Receivables Turnover : 16.92 (As of Sep. 2023)

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What is Pine Care 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. Pine Care Group's Revenue for the six months ended in Sep. 2023 was HK$151.7 Mil. Pine Care Group's average Accounts Receivable for the six months ended in Sep. 2023 was HK$9.0 Mil. Hence, Pine Care Group's Receivables Turnover for the six months ended in Sep. 2023 was 16.92.

Pine Care Group Receivables Turnover Historical Data

The historical data trend for Pine Care 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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Pine Care Group Receivables Turnover Chart

Pine Care Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

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119.81

55.93

40.18

37.01

29.77

Pine Care Group Semi-Annual Data
	Mar14	Mar15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Receivables Turnover	Get a 7-Day Free Trial													18.87	18.42	17.03	15.33	16.92

Competitive Comparison of Pine Care Group's Receivables Turnover

For the Medical Care Facilities subindustry, Pine Care 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.

Pine Care Group's Receivables Turnover Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Pine Care Group's Receivables Turnover distribution charts can be found below:

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

Pine Care Group Receivables Turnover Calculation

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

Pine Care Group's Receivables Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Receivables Turnover (A: Mar. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2023 )	/ (	(Accounts Receivable (A: Mar. 2022 )	+	Accounts Receivable (A: Mar. 2023 ))	/	count )
=	265.269	/ (	(7.762	+	10.057)	/	2 )
=	265.269	/	8.9095
=	29.77

Pine Care Group's Receivables Turnover for the quarter that ended in Sep. 2023 is calculated as

	Receivables Turnover (Q: Sep. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2023 )	/ (	(Accounts Receivable (Q: Mar. 2023 )	+	Accounts Receivable (Q: Sep. 2023 ))	/	count )
=	151.73	/ (	(10.057	+	7.875)	/	2 )
=	151.73	/	8.966
=	16.92

Pine Care Group (HKSE:01989) 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.

Pine Care Group Receivables Turnover Related Terms

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Pine Care Group (HKSE:01989) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Pine Care Group Ltd (HKSE:01989) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

68-72 Yuk Wah Street, Ground Floor, 1 Koon Wah Lane, Tsz Wan Shan, Kowloon, Hong Kong, HKG

Website

https://www.pinecaregroup.com

Pine Care Group Ltd is engaged in the provision of elderly home care services. It operates care and attention homes for the elderly in Hong Kong offering residential care services, nursing care, and medication management. It derives revenue from rendering elderly home care services including the provision of residence, professional nursing and caretaking services, nutritional management, medical services, psychological and social care, and individual care plans; and through the sale of elderly home-related goods and provision of health care services in Hong Kong. The group's revenue is derived solely from its operations in Hong Kong.

Executives

Wong Tak Wai	2304 Executor or administrator
Jong Yat Kit (in The Capacity As The Receiver)	2304 Executor or administrator
Diamond Ridge Holdings Limited	2101 Beneficial owner
Chime Corporation Limited	2201 Interest of corporation controlled by you
Tang Yiu Sing	2201 Interest of corporation controlled by you
Tang Yiu Pong	2201 Interest of corporation controlled by you
Starcorp Limited	2101 Beneficial owner
Smartbase Investments Limited	2101 Beneficial owner
Great Canton Investments Limited	2101 Beneficial owner
Century Fortress Limited	2101 Beneficial owner
Silverage Pine Care Limited
Silverage Pillar Limited
Cho Wing Yin
Ng Kwok Fu Alex
Yim Ting Kwok

Pine Care Group (HKSE:01989) Headlines

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