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GLE (Global Engine Group Holding) Receivables Turnover : 0.00 (As of Dec. 2023)


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What is Global Engine 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. Global Engine Group Holding's Revenue for the three months ended in Dec. 2023 was $0.00 Mil. Global Engine Group Holding's average Accounts Receivable for the three months ended in Dec. 2023 was $1.78 Mil.

Global Engine Group Holding Receivables Turnover Historical Data

The historical data trend for Global Engine 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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Global Engine Group Holding Receivables Turnover Chart

Global Engine Group Holding Annual Data
Trend Jun20 Jun21 Jun22 Jun23
Receivables Turnover
0.85 3.45 25.13 9.03

Global Engine Group Holding Quarterly Data
Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Receivables Turnover Get a 7-Day Free Trial - - - - -

Competitive Comparison of Global Engine Group Holding's Receivables Turnover

For the Information Technology Services subindustry, Global Engine 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.

Global Engine Group Holding's Receivables Turnover Distribution in the Software Industry

For the Software industry and Technology sector, Global Engine Group Holding's Receivables Turnover distribution charts can be found below:

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


Global Engine Group Holding Receivables Turnover Calculation

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

Global Engine Group Holding'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 )
=5.705 / ((0.15 + 1.113) / 2 )
=5.705 / 0.6315
=9.03

Global Engine 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 )
=0 / ((1.113 + 2.444) / 2 )
=0 / 1.7785
=N/A

* 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.

Global Engine Group Holding  (NAS:GLE) 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.

Global Engine Group Holding Receivables Turnover Related Terms

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Global Engine Group Holding Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » Global Engine Group Holding Ltd (NAS:GLE) » Definitions » Receivables Turnover
Comparable Companies
Traded in Other Exchanges
N/A
Address
95 How Ming Street,, Room C, 19th Floor, World Tech Centre, Kwun Tong, Kowloon, Hong Kong, HKG
Website
https://www.globalengine.com.hk
Global Engine Group Holding Ltd offers integrated solutions by using ICT solutions to drive business outcomes and innovation. It serves primarily as a holding company for its operating subsidiary, Global Engine Limited. Its service offerings comprise services to telecom operators, including the one-stop shop purchase from telecom license application service to turnkey network setup as well as service outsourcing; business planning, development, technical and operations consulting programs structured to target the cloud computing and data center providers; system design, planning, development and operation services to technology companies; cloud platform deployment, IT system design and configuration services, maintenance services, data center colocation service and cloud service.