Transport International Holdings (HKSE:00062) Receivables Turnover : 4.30 (As of Dec. 2023)

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What is Transport International 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. Transport International Holdings's Revenue for the six months ended in Dec. 2023 was HK$4,079 Mil. Transport International Holdings's average Accounts Receivable for the six months ended in Dec. 2023 was HK$949 Mil. Hence, Transport International Holdings's Receivables Turnover for the six months ended in Dec. 2023 was 4.30.

Transport International Holdings Receivables Turnover Historical Data

The historical data trend for Transport International 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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Transport International Holdings Receivables Turnover Chart

Transport International Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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16.82

9.75

11.53

8.64

8.34

Transport International 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															5.92	4.62	4.59	4.10	4.30

Competitive Comparison of Transport International Holdings's Receivables Turnover

For the Railroads subindustry, Transport International 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.

Transport International Holdings's Receivables Turnover Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Transport International Holdings's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Transport International Holdings's Receivables Turnover falls into.

Transport International Holdings Receivables Turnover Calculation

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

Transport International 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 )
=	7884.753	/ (	(924.397	+	966.99)	/	2 )
=	7884.753	/	945.6935
=	8.34

Transport International 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 )
=	4079.353	/ (	(931.9	+	966.99)	/	2 )
=	4079.353	/	949.445
=	4.30

Transport International Holdings (HKSE:00062) 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.

Transport International Holdings Receivables Turnover Related Terms

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Transport International Holdings (HKSE:00062) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Transport International Holdings Ltd (HKSE:00062) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

KWO:Germany

Address

9 Po Lun Street, 15th Floor, Lai Chi Kok, Kowloon, Hong Kong, HKG

Website

http://www.tih.hk

Transport International Holdings Ltd is a public transportation company domiciled in the People's Republic of China. The company's main segments include franchised bus operation and property holdings and development. The franchised bus operation segment, which generates the vast majority of revenue, provides franchised public bus services in Hong Kong. The property holdings and development segment develops and leases nonresidential properties for use as investment properties.

Executives

Hsbc International Trustee Limited	2301 Trustee
Sun Hung Kai Properties Limited
Hsbc Trustee (c.i.) Limited	2301 Trustee
Louey Lai Kuen William	2101 Beneficial owner
Ng Winnie	2101 Beneficial owner
Ng Siu Chan	2101 Beneficial owner

Transport International Holdings (HKSE:00062) Headlines

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