Annual Report 2019

89 年報 ANNUAL REPORT 2019 REPORT OF THE DIRECTORS 董事會報告書 財務關鍵表現指標 （續） 應收賬款平均周轉期 本集團於本年度的應收賬款平均周轉期（以本 年度平均應收賬款除以總營業額（不包括於中 國銷售的增值稅）乘以 365 天計算）為 96 天，比 於去年度為 97 天減少 1 天。 逾期應收賬款百分比 於二零一九年十二月三十一日的逾期應收賬款 的百分比（以逾期應收賬款除以應收賬款總額 計算）為 23.7% ，與二零一八年十二月三十一 日的 24.6% 相比下跌 0.9 個百分點。 存貨平均周轉期 本年度的存貨平均周轉期（以本年度的平均 存貨金額除以銷售成本乘以 365 天計算）為 64 天，比去年的 58 天增加 6 天。 應付賬款平均周轉期 本年度的應付賬款平均周轉期（以本年度的平 均應付賬款除以銷售成本（不包括於中國銷 售成本的增值稅）乘以 365 天計算）為 110 天， 較於去年度為 108 天多 2 天。 鋼簾線產能利用率 由於本年度鋼簾線銷售量同比增長 4.9% 至 194,006 噸，因此於本年度的鋼簾線分部的產 能利用率（按本年度鋼簾線總銷售量除以鋼 簾線總產能每年為 195,422 噸計算）由去年度 報 97% 上升至 99.3% 。 FINANCIAL KEY PERFORMANCE INDICATORS (continued) Average turnover period of trade receivables Average turnover period on trade receivables (calculated as average trade receivables for the year (exclusive of value- added tax in respect of sales in the PRC) divided by gross revenue times 365 days) was 96 days for the year, shorter by 1 days as compared to 97 days for the previous year. Percentage of past due trade receivables The percentage of past due trade receivables (calculated as the amount of past due trade receivables divided by total amount of trade receivables) was 23.7% at 31 December 2019, decreased by 0.9 percentage point as compared to 24.6% at 31 December 2018. Average turnover period on inventories Average turnover period on inventories (calculated as average amount of inventories for the year divided by cost of sales times 365 days) was 64 days for the year, longer by 6 days as compared to 58 days for the previous year. Average turnover period on trade payables Average turnover period on trade payables (calculated as average trade payables for the year divided by cost of sales (exclusive of value-added tax in respect of cost of sales in the PRC) times 365 days) was 110 days for the year, which was 2 days longer as compared to 108 days for the previous year. Steel cord production capacity utilization ratio As the sales volume of Steel cords recorded an year-on-year growth of 4.9% to 194,006 tonnes for the year, therefore the capacity utilization ratio in respect of Steel cord segment (calculated as total sales volume of Steel cords for the year divided by total production capacity of Steel cords of 195,422 tonnes per annum) increased from 97% in the previous year to 99.3% for the year.