ISP Global (HKSE:08487) Receivables Turnover : 2.29 (As of Dec. 2023)

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What is ISP Global 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. ISP Global's Revenue for the three months ended in Dec. 2023 was HK$61.7 Mil. ISP Global's average Accounts Receivable for the three months ended in Dec. 2023 was HK$27.0 Mil. Hence, ISP Global's Receivables Turnover for the three months ended in Dec. 2023 was 2.29.

ISP Global Receivables Turnover Historical Data

The historical data trend for ISP Global'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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ISP Global Receivables Turnover Chart

ISP Global Annual Data

Trend

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Receivables Turnover

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4.51

4.10

3.89

3.42

7.08

ISP Global 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															1.56	1.56	2.79	2.97	2.29

Competitive Comparison of ISP Global's Receivables Turnover

For the Communication Equipment subindustry, ISP Global'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.

ISP Global's Receivables Turnover Distribution in the Hardware Industry

For the Hardware industry and Technology sector, ISP Global's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where ISP Global's Receivables Turnover falls into.

ISP Global Receivables Turnover Calculation

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

ISP Global's Receivables Turnover for the fiscal year that ended in Jun. 2023 is calculated as

	Receivables Turnover (A: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jun. 2023 )	/ (	(Accounts Receivable (A: Jun. 2022 )	+	Accounts Receivable (A: Jun. 2023 ))	/	count )
=	229.483	/ (	(43.581	+	21.259)	/	2 )
=	229.483	/	32.42
=	7.08

ISP Global'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 )
=	61.749	/ (	(0	+	26.997)	/	1 )
=	61.749	/	26.997
=	2.29

ISP Global (HKSE:08487) 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.

ISP Global Receivables Turnover Related Terms

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ISP Global (HKSE:08487) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » ISP Global Ltd (HKSE:08487) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

43/F., Central Plaza, Suite 4302, 18 Harbour Road, Wanchai, Hong Kong, HKG

Website

http://www.ispg.hk

ISP Global Ltd is a sound and communication services provider in Singapore. The company is engaged in the sale of sound and communication systems and related services; integrated services of sound and communication systems, with a focus on design, customization, and installation of sound and communication systems in buildings and alert alarm system services. The Group has two major business segments: (i) e-commerce operation; and (ii) sale and provision of integrated services of networking, sound and communication systems. The firm's revenue is mainly derived from Mainland China.

Executives

Cao Chunmeng	2101 Beneficial owner
Yau Chong Wa	2101 Beneficial owner
Yau Siu Yuk	2202 Interest of your spouse
Lux Aeterna Global Fund Spc - Lux Aeterna Asia Credit Opportunities Sp	2101 Beneficial owner
Li Chao	2106 Person having a security interest in shares
Cai Linzhou	2101 Beneficial owner

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