GME Group Holdings (HKSE:08188) Receivables Turnover : 1.66 (As of Dec. 2023)

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What is GME Group 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. GME Group Holdings's Revenue for the three months ended in Dec. 2023 was HK$243.6 Mil. GME Group Holdings's average Accounts Receivable for the three months ended in Dec. 2023 was HK$146.7 Mil. Hence, GME Group Holdings's Receivables Turnover for the three months ended in Dec. 2023 was 1.66.

GME Group Holdings Receivables Turnover Historical Data

The historical data trend for GME Group 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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GME Group Holdings Receivables Turnover Chart

GME Group Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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3.84

5.67

8.94

7.97

6.01

GME Group Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															3.36	2.56	2.19	1.20	1.66

Competitive Comparison of GME Group Holdings's Receivables Turnover

For the Engineering & Construction subindustry, GME Group 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.

GME Group Holdings's Receivables Turnover Distribution in the Construction Industry

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

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

GME Group Holdings Receivables Turnover Calculation

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

GME Group 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 )
=	549.554	/ (	(36.178	+	146.661)	/	2 )
=	549.554	/	91.4195
=	6.01

GME Group 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: Sep. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	243.647	/ (	(0	+	146.661)	/	1 )
=	243.647	/	146.661
=	1.66

GME Group Holdings (HKSE:08188) 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.

GME Group Holdings Receivables Turnover Related Terms

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GME Group Holdings (HKSE:08188) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » GME Group Holdings Ltd (HKSE:08188) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

148 Electric Road, Room 1001-2, 10th Floor, Hong Kong, HKG

Website

https://www.gmehk.com

GME Group Holdings Ltd along with its subsidiaries is engaged in providing underground construction services in Hong Kong. Tunnel construction services include excavation, shortening, shutter design and fabrication, tunnel lining services, shafts, advanced and structural works; and utility construction that includes mainly underground public utility works such as road and drainage works and others that include mainly structural works and construction of service buildings and support structure. It also provides program design, costing, and management for underground construction services. It derives all of its revenue from Hong Kong.

Executives

Ng Kwok Lun	2101 Beneficial owner
Chuang Chun Ngok Boris	2103 Interests held jointly with another person
Chuang Wei Chu	2103 Interests held jointly with another person
Chuang Yau Ka	2103 Interests held jointly with another person
To Yin Ping	2101 Beneficial owner

GME Group Holdings (HKSE:08188) Headlines

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