National Electronics Holdings (HKSE:00213) Receivables Turnover : 2.53 (As of Sep. 2023)

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What is National Electronics 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. National Electronics Holdings's Revenue for the six months ended in Sep. 2023 was HK$269.4 Mil. National Electronics Holdings's average Accounts Receivable for the six months ended in Sep. 2023 was HK$106.5 Mil. Hence, National Electronics Holdings's Receivables Turnover for the six months ended in Sep. 2023 was 2.53.

National Electronics Holdings Receivables Turnover Historical Data

The historical data trend for National Electronics 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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National Electronics Holdings Receivables Turnover Chart

National Electronics Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

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19.11

17.78

42.00

12.04

11.97

National Electronics Holdings Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Receivables Turnover	Get a 7-Day Free Trial															1.60	1.34	1.49	1.49	2.53

Competitive Comparison of National Electronics Holdings's Receivables Turnover

For the Footwear & Accessories subindustry, National Electronics 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.

National Electronics Holdings's Receivables Turnover Distribution in the Manufacturing - Apparel & Accessories Industry

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

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

National Electronics Holdings Receivables Turnover Calculation

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

National Electronics Holdings's Receivables Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Receivables Turnover (A: Mar. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2023 )	/ (	(Accounts Receivable (A: Mar. 2022 )	+	Accounts Receivable (A: Mar. 2023 ))	/	count )
=	501.313	/ (	(63.406	+	20.373)	/	2 )
=	501.313	/	41.8895
=	11.97

National Electronics Holdings's Receivables Turnover for the quarter that ended in Sep. 2023 is calculated as

	Receivables Turnover (Q: Sep. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2023 )	/ (	(Accounts Receivable (Q: Mar. 2023 )	+	Accounts Receivable (Q: Sep. 2023 ))	/	count )
=	269.381	/ (	(20.373	+	192.565)	/	2 )
=	269.381	/	106.469
=	2.53

National Electronics Holdings (HKSE:00213) 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.

National Electronics Holdings Receivables Turnover Related Terms

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National Electronics Holdings (HKSE:00213) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » National Electronics Holdings Ltd (HKSE:00213) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

11 Pedder Street, The Landmark, Suite 3201, Gloucester Tower, Central, Hong Kong, HKG

Website

https://www.national.com.hk

National Electronics Holdings Ltd is an investment holding company. The company's operating segment includes the Manufacture of watches and trading of watch movements, Property development and investment, and Hotel operation. The property development and investment segment includes the development and sale of properties and the holding of properties for investment and leasing purposes. The company generates the majority of its revenue from sales of watches. The company has a Geographically presence in North America, Hong Kong, China, Europe, and Other Countries.

Executives

Lee Loewe Bon Chi
Lee Yuen Ching Jimmy
Fenmore Investments Limited	2101 Beneficial owner
Hsbc International Trustee Limited	2301 Trustee
Americus Holdings Limited	2101 Beneficial owner

National Electronics Holdings (HKSE:00213) Headlines

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