Computer And Technologies Holdings (HKSE:00046) Receivables Turnover : 3.83 (As of Dec. 2023)

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What is Computer And Technologies 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. Computer And Technologies Holdings's Revenue for the six months ended in Dec. 2023 was HK$129.4 Mil. Computer And Technologies Holdings's average Accounts Receivable for the six months ended in Dec. 2023 was HK$33.8 Mil. Hence, Computer And Technologies Holdings's Receivables Turnover for the six months ended in Dec. 2023 was 3.83.

Computer And Technologies Holdings Receivables Turnover Historical Data

The historical data trend for Computer And Technologies 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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Computer And Technologies Holdings Receivables Turnover Chart

Computer And Technologies Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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5.89

5.41

5.89

5.57

5.88

Computer And Technologies Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															2.91	3.09	3.17	3.13	3.83

Competitive Comparison of Computer And Technologies Holdings's Receivables Turnover

For the Information Technology Services subindustry, Computer And Technologies 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.

Computer And Technologies Holdings's Receivables Turnover Distribution in the Software Industry

For the Software industry and Technology sector, Computer And Technologies Holdings's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Computer And Technologies Holdings's Receivables Turnover falls into.

Computer And Technologies Holdings Receivables Turnover Calculation

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

Computer And Technologies 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 )
=	257.504	/ (	(50.916	+	36.705)	/	2 )
=	257.504	/	43.8105
=	5.88

Computer And Technologies Holdings'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 )
=	129.402	/ (	(30.893	+	36.705)	/	2 )
=	129.402	/	33.799
=	3.83

Computer And Technologies Holdings (HKSE:00046) 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.

Computer And Technologies Holdings Receivables Turnover Related Terms

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Computer And Technologies Holdings (HKSE:00046) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Computer And Technologies Holdings Ltd (HKSE:00046) » Definitions » Receivables Turnover

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CXGEF:USA

Address

100 Cyberport Road, Level 10, Cyberport 2, Hong Kong, HKG

Website

https://www.ctil.com

Computer And Technologies Holdings Ltd provides software products. It operates in three segments, the Application Services segment; the Integration and Solutions services segment; and the investments segment. It generates majority of the revenue from the Application Services segment that engages in the provision of enterprise applications software and e-business services for enterprises including the provision of enterprise applications software with implementation and ongoing support services; and the GETS, cloud services and other related value-added services. Geographical revenue is derived from Hong Kong and other countries.

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