Kingboard Holdings (HKSE:00148) Receivables Turnover : 3.27 (As of Dec. 2023)

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What is Kingboard 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. Kingboard Holdings's Revenue for the six months ended in Dec. 2023 was HK$20,993 Mil. Kingboard Holdings's average Accounts Receivable for the six months ended in Dec. 2023 was HK$6,424 Mil. Hence, Kingboard Holdings's Receivables Turnover for the six months ended in Dec. 2023 was 3.27.

Kingboard Holdings Receivables Turnover Historical Data

The historical data trend for Kingboard 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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Kingboard Holdings Receivables Turnover Chart

Kingboard Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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6.29

6.16

6.70

6.02

5.95

Kingboard 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															3.18	3.16	2.90	2.85	3.27

Competitive Comparison of Kingboard Holdings's Receivables Turnover

For the Conglomerates subindustry, Kingboard 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.

Kingboard Holdings's Receivables Turnover Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Kingboard Holdings's Receivables Turnover distribution charts can be found below:

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

Kingboard Holdings Receivables Turnover Calculation

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

Kingboard 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 )
=	39712.499	/ (	(6812.639	+	6543.486)	/	2 )
=	39712.499	/	6678.0625
=	5.95

Kingboard 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 )
=	20992.639	/ (	(6305.215	+	6543.486)	/	2 )
=	20992.639	/	6424.3505
=	3.27

Kingboard Holdings (HKSE:00148) 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.

Kingboard Holdings Receivables Turnover Related Terms

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Kingboard Holdings (HKSE:00148) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Kingboard Holdings Ltd (HKSE:00148) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

KBDCY:USA KBDCF:USA KGZ:Germany

Address

3 On Yiu Street, 23rd Floor, Delta House, Shek Mun, Shatin, N.T, Hong Kong, HKG

Website

https://www.kingboard.com

Kingboard Holdings Ltd is an investment holding company in China. It operates in six segments: manufacture and sale of laminates; manufacture and sale of printed circuit boards; manufacture and sale of chemicals; sales and rental of properties; investments; and others including service income, manufacture, and sale of magnetic products and hotel business. The company's products include Tar, coke, methanol, benzene, acetic acid, glass epoxy laminate, paper laminate, single and double-sided printed circuit boards and others. Geographically, it has operations in China, Thailand, Japan, Korea, Singapore, Europe, and America, out of which China accounts for the majority of the revenue.

Executives

Hallgain Management Limited	2101 Beneficial owner
Fmr Llc	2201 Interest of corporation controlled by you
Fidelity Puritan Trust	2101 Beneficial owner

Kingboard Holdings (HKSE:00148) Headlines

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