Hing Lee (HK) Holdings (HKSE:00396) Receivables Turnover : 1.63 (As of Dec. 2023)

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What is Hing Lee (HK) 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. Hing Lee (HK) Holdings's Revenue for the six months ended in Dec. 2023 was HK$57.22 Mil. Hing Lee (HK) Holdings's average Accounts Receivable for the six months ended in Dec. 2023 was HK$35.21 Mil. Hence, Hing Lee (HK) Holdings's Receivables Turnover for the six months ended in Dec. 2023 was 1.63.

Hing Lee (HK) Holdings Receivables Turnover Historical Data

The historical data trend for Hing Lee (HK) 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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Hing Lee (HK) Holdings Receivables Turnover Chart

Hing Lee (HK) Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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7.81

6.22

5.33

1.86

1.61

Hing Lee (HK) 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															2.45	1.66	0.86	0.79	1.63

Competitive Comparison of Hing Lee (HK) Holdings's Receivables Turnover

For the Furnishings, Fixtures & Appliances subindustry, Hing Lee (HK) 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.

Hing Lee (HK) Holdings's Receivables Turnover Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Hing Lee (HK) Holdings's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Hing Lee (HK) Holdings's Receivables Turnover falls into.

Hing Lee (HK) Holdings Receivables Turnover Calculation

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

Hing Lee (HK) 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 )
=	94.213	/ (	(69.817	+	47.086)	/	2 )
=	94.213	/	58.4515
=	1.61

Hing Lee (HK) 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 )
=	57.221	/ (	(23.328	+	47.086)	/	2 )
=	57.221	/	35.207
=	1.63

Hing Lee (HK) Holdings (HKSE:00396) 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.

Hing Lee (HK) Holdings Receivables Turnover Related Terms

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Hing Lee (HK) Holdings (HKSE:00396) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Hing Lee (HK) Holdings Ltd (HKSE:00396) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

3 On Yiu Street, Shatin,, Unit 1101, 11th Floor, Delta House, New Territories, Hong Kong, HKG

Website

http://www.hingleehk.com.hk

Hing Lee (Hk) Holdings Ltd is an investment holding company principally engaged in the furniture business. The Company is engaged in the design, manufacture, sale and marketing of residential furniture products, mainly including wooden furniture, sofas, and mattresses. The Company is also engaged in the provision of layout design and decoration services, marketing services related to product display, and licensing of its own brand and product designs.

Executives

Sung Kai Hing	2101 Beneficial owner
Wong Wai King	2202 Interest of your spouse

Hing Lee (HK) Holdings (HKSE:00396) Headlines

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