GCL Technology Holdings (HKSE:03800) Receivables Turnover : 0.88 (As of Jun. 2024)

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What is GCL Technology 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. GCL Technology Holdings's Revenue for the six months ended in Jun. 2024 was HK$9,541 Mil. GCL Technology Holdings's average Accounts Receivable for the six months ended in Jun. 2024 was HK$10,870 Mil. Hence, GCL Technology Holdings's Receivables Turnover for the six months ended in Jun. 2024 was 0.88.

GCL Technology Holdings Receivables Turnover Historical Data

The historical data trend for GCL Technology 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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GCL Technology Holdings Receivables Turnover Chart

GCL Technology Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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1.81

1.22

1.35

1.96

1.58

GCL Technology Holdings Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Receivables Turnover	Get a 7-Day Free Trial															1.01	1.02	0.91	0.64	0.88

Competitive Comparison of GCL Technology Holdings's Receivables Turnover

For the Solar subindustry, GCL Technology 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.

GCL Technology Holdings's Receivables Turnover Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, GCL Technology Holdings's Receivables Turnover distribution charts can be found below:

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

GCL Technology Holdings Receivables Turnover Calculation

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

GCL Technology 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 )
=	36860.872	/ (	(26625.232	+	19923.796)	/	2 )
=	36860.872	/	23274.514
=	1.58

GCL Technology Holdings's Receivables Turnover for the quarter that ended in Jun. 2024 is calculated as

	Receivables Turnover (Q: Jun. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Jun. 2024 ))	/	count )
=	9541.271	/ (	(19923.796	+	1816.589)	/	2 )
=	9541.271	/	10870.1925
=	0.88

GCL Technology Holdings (HKSE:03800) 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.

GCL Technology Holdings Receivables Turnover Related Terms

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GCL Technology Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » GCL Technology Holdings Ltd (HKSE:03800) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

GCPEF:USA 3GY:Germany

Address

1 Austin Road West, Unit 1703-1706, Level 17, International Commerce Centre, Kowloon, Hong Kong, HKG

Website

http://www.gcltech.com

GCL Technology Holdings Ltd is an investment holding company. It is principally engaged in the manufacturing and sales of polysilicon and wafers for the solar industry; and the sales of electricity, development, investment, management, and operation of solar projects. The company operates in two reportable segments Solar material business which mainly manufactures and sales of polysilicon and wafers to companies operating in the solar industry, and the Solar farm business which manages and operates solar farms located in the USA and the PRC. The majority of revenue is derived from the Solar material business segment.

Executives

Zhu Gongshan
Zhu Yufeng
Blackrock, Inc.	2201 Interest of corporation controlled by you
Morgan Stanley	2201 Interest of corporation controlled by you
Asia Pacific Energy Fund Limited	2201 Interest of corporation controlled by you
Credit Suisse Trust Limited	2301 Trustee
Yu Yong	2201 Interest of corporation controlled by you
Hong Shang Chan Ye Kong Gu Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you

GCL Technology Holdings Headlines

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