Poco Holdings Co (SZSE:300811) Receivables Turnover : 0.90 (As of Jun. 2024)

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What is Poco Holdings Co 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. Poco Holdings Co's Revenue for the three months ended in Jun. 2024 was ¥461 Mil. Poco Holdings Co's average Accounts Receivable for the three months ended in Jun. 2024 was ¥511 Mil. Hence, Poco Holdings Co's Receivables Turnover for the three months ended in Jun. 2024 was 0.90.

Poco Holdings Co Receivables Turnover Historical Data

The historical data trend for Poco Holdings Co'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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Poco Holdings Co Receivables Turnover Chart

Poco Holdings Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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3.00

2.79

3.02

2.78

Poco Holdings Co Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Receivables Turnover	Get a 7-Day Free Trial															0.68	0.65	0.76	0.79	0.90

Competitive Comparison of Poco Holdings Co's Receivables Turnover

For the Electronic Components subindustry, Poco Holdings Co'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.

Poco Holdings Co's Receivables Turnover Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Poco Holdings Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Poco Holdings Co's Receivables Turnover falls into.

Poco Holdings Co Receivables Turnover Calculation

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

Poco Holdings Co'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 )
=	1158.52	/ (	(430.318	+	402.732)	/	2 )
=	1158.52	/	416.525
=	2.78

Poco Holdings Co'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: Mar. 2024 )	+	Accounts Receivable (Q: Jun. 2024 ))	/	count )
=	461.037	/ (	(442.057	+	579.833)	/	2 )
=	461.037	/	510.945
=	0.90

Poco Holdings Co (SZSE:300811) 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.

Poco Holdings Co Receivables Turnover Related Terms

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Poco Holdings Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Poco Holdings Co Ltd (SZSE:300811) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No 28, Langshan Road, 3rd Floor, Building 2, Room 301-306, Northern District of High Technology Industry Park, Nanshan District, Shenzhen, CHN

Website

http://www.pocomagnetic.com

Poco Holdings Co Ltd is engaged in production and sales of alloy powder. The company manufactures magnetic materials, inductors, chip inductors, coils, magnetic electronic components and related equipment; stainless steel powder, steel alloy powder, iron powder, copper powder, aluminum powder, special metal alloy powder.

Executives

Du Jiang Hua	Director
Luo Zhi Min	Directors, executives
Ruan Jia Lin	Directors, Directors, and Executives
Guo Xiong Zhi	Directors, executives
You Xin	Executives
Li Zheng Ping	Securities Affairs Representative

Poco Holdings Co Headlines

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