Top Wealth Group Holding (Top Wealth Group Holding) Receivables Turnover : 2.94 (As of Dec. 2023)

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What is Top Wealth Group Holding 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. Top Wealth Group Holding's Revenue for the six months ended in Dec. 2023 was $9.98 Mil. Top Wealth Group Holding's average Accounts Receivable for the six months ended in Dec. 2023 was $3.39 Mil. Hence, Top Wealth Group Holding's Receivables Turnover for the six months ended in Dec. 2023 was 2.94.

Top Wealth Group Holding Receivables Turnover Historical Data

The historical data trend for Top Wealth Group Holding'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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Top Wealth Group Holding Receivables Turnover Chart

Top Wealth Group Holding Annual Data

Trend

Dec21

Dec22

Dec23

Receivables Turnover

212.83

5.64

Top Wealth Group Holding Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	-	-	120.50	16.49	2.94

Competitive Comparison of Top Wealth Group Holding's Receivables Turnover

For the Food Distribution subindustry, Top Wealth Group Holding'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.

Top Wealth Group Holding's Receivables Turnover Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Top Wealth Group Holding's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Top Wealth Group Holding's Receivables Turnover falls into.

Top Wealth Group Holding Receivables Turnover Calculation

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

Top Wealth Group Holding'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 )
=	16.943	/ (	(0.04	+	5.973)	/	2 )
=	16.943	/	3.0065
=	5.64

Top Wealth Group Holding'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 )
=	9.977	/ (	(0.805	+	5.973)	/	2 )
=	9.977	/	3.389
=	2.94

Top Wealth Group Holding (NAS:TWG) 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.

Top Wealth Group Holding Receivables Turnover Related Terms

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Top Wealth Group Holding (Top Wealth Group Holding) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Top Wealth Group Holding Ltd (NAS:TWG) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

118 Connaught Road West, 7F, Hong Kong Plaza, Units 714 & 715, Hong Kong, HKG

Website

https://www.imperialcristalcaviar.com

Top Wealth Group Holding Ltd is as supplier of caviar and offer caviar-based gourmet products. It is specialized in supplying high quality sturgeons caviar.

Top Wealth Group Holding (Top Wealth Group Holding) Headlines

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