Crocodile Garments (HKSE:00122) Receivables Turnover : 16.96 (As of Jan. 2024)

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What is Crocodile Garments 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. Crocodile Garments's Revenue for the six months ended in Jan. 2024 was HK$48.92 Mil. Crocodile Garments's average Accounts Receivable for the six months ended in Jan. 2024 was HK$2.88 Mil. Hence, Crocodile Garments's Receivables Turnover for the six months ended in Jan. 2024 was 16.96.

Crocodile Garments Receivables Turnover Historical Data

The historical data trend for Crocodile Garments'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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Crocodile Garments Receivables Turnover Chart

Crocodile Garments Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Receivables Turnover

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53.49

29.94

20.42

20.46

27.72

Crocodile Garments Semi-Annual Data
	Jul14	Jan15	Jul15	Jan16	Jul16	Jan17	Jul17	Jan18	Jul18	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jul23	Jan24
Receivables Turnover	Get a 7-Day Free Trial															10.00	7.06	13.35	21.18	16.96

Competitive Comparison of Crocodile Garments's Receivables Turnover

For the Apparel Manufacturing subindustry, Crocodile Garments'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.

Crocodile Garments's Receivables Turnover Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Crocodile Garments's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Crocodile Garments's Receivables Turnover falls into.

Crocodile Garments Receivables Turnover Calculation

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

Crocodile Garments's Receivables Turnover for the fiscal year that ended in Jul. 2023 is calculated as

	Receivables Turnover (A: Jul. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jul. 2023 )	/ (	(Accounts Receivable (A: Jul. 2022 )	+	Accounts Receivable (A: Jul. 2023 ))	/	count )
=	86.876	/ (	(4.161	+	2.107)	/	2 )
=	86.876	/	3.134
=	27.72

Crocodile Garments's Receivables Turnover for the quarter that ended in Jan. 2024 is calculated as

	Receivables Turnover (Q: Jan. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jan. 2024 )	/ (	(Accounts Receivable (Q: Jul. 2023 )	+	Accounts Receivable (Q: Jan. 2024 ))	/	count )
=	48.916	/ (	(2.107	+	3.662)	/	2 )
=	48.916	/	2.8845
=	16.96

Crocodile Garments (HKSE:00122) 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.

Crocodile Garments Receivables Turnover Related Terms

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Crocodile Garments (HKSE:00122) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Crocodile Garments Ltd (HKSE:00122) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

25th Floor, 79 Hoi Yuen Road, Crocodile Center, Kwun Tong, Kowloon, Hong Kong, HKG

Website

https://www.crocodile.com.hk

Crocodile Garments Ltd is a Hong Kong-based company engaged in the sale of garments. The firm operates in three reportable segments including Garment and related accessories business, Property investment and letting business and Treasury management. Its products include men's, women's children's clothing, ties, underwear, bags and wallets, belts and shoes. The company generates the majority of the revenue from property investment and letting business.

Executives

Lam Howard	2201 Interest of corporation controlled by you
Lam Wai Shan, Vanessa	2101 Beneficial owner
Honorman Limited	2201 Interest of corporation controlled by you
Rich Promise Limited	2101 Beneficial owner
Lam Kin Ming	2101 Beneficial owner

Crocodile Garments (HKSE:00122) Headlines

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