Page 526 - Ebook HTKH 2024

Chart 3. Chart comparing inventory turnover of HPG and HSG

Chart 4.3 shows that HSG's inventory turnover is higher than HPG's. HPG's
inventory turnover tends to increase in the period from 2019 - 2021 (from 3.8 to 4.38),
then this index shows signs of gradually decreasing to 3.69 in 2022. It continues to
decrease to 3.45 due to the impact of the decline in revenue in 2023.
4.2.2. Credit collection period (KTN)
Table 6. Comparison table of credit collection period (KTN) of HPG and HSG

(Unit: per day)
Year 2019 2020 2021 2022 2023
Company

HPG
19.29 20.01 17.92 24.52 35.36

23.2
HSG 24.96 24.68 25.58 22.95
5

Chart 4. Comparison chart of credit collection period of HPG and HSG

Chart 4.4 shows that HSG's debt collection period in 2022 is higher than that of
HPG. In 2020, at HPG, this figure increased slightly to 20.01 days and then continued
to decrease to 17.92 days in 2021. In 2023, the debt collection period increased to
35.36 days. In general, compared to 2021, the company has not yet had a positive change

in debt collection, the number of debt collection days increased significantly in 2023.

518