Oriental Watch Holdings (HKSE:00398) Receivables Turnover : 7.13 (As of Sep. 2023)

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What is Oriental Watch 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. Oriental Watch Holdings's Revenue for the six months ended in Sep. 2023 was HK$1,848 Mil. Oriental Watch Holdings's average Accounts Receivable for the six months ended in Sep. 2023 was HK$259 Mil. Hence, Oriental Watch Holdings's Receivables Turnover for the six months ended in Sep. 2023 was 7.13.

Oriental Watch Holdings Receivables Turnover Historical Data

The historical data trend for Oriental Watch 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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Oriental Watch Holdings Receivables Turnover Chart

Oriental Watch Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

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25.00

28.19

20.53

16.54

16.76

Oriental Watch 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															8.09	9.40	9.07	8.99	7.13

Competitive Comparison of Oriental Watch Holdings's Receivables Turnover

For the Luxury Goods subindustry, Oriental Watch 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.

Oriental Watch Holdings's Receivables Turnover Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Oriental Watch Holdings's Receivables Turnover distribution charts can be found below:

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

Oriental Watch Holdings Receivables Turnover Calculation

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

Oriental Watch 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 )
=	3704.677	/ (	(179.615	+	262.508)	/	2 )
=	3704.677	/	221.0615
=	16.76

Oriental Watch 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 )
=	1848.126	/ (	(262.508	+	255.797)	/	2 )
=	1848.126	/	259.1525
=	7.13

Oriental Watch Holdings (HKSE:00398) 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.

Oriental Watch Holdings Receivables Turnover Related Terms

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Oriental Watch Holdings (HKSE:00398) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Oriental Watch Holdings Ltd (HKSE:00398) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

111 Connaught Road Central, Wing On Centre, 19th Floor, Hong Kong, HKG

Website

https://www.orientalwatch.com

Oriental Watch Holdings Ltd is an investment holding company. Along with its subsidiaries, the company is engaged in the sales of watches. It operates in Hong Kong, the PRC, Macau, and Taiwan, of which a majority of revenue is generated from the PRC. The group sells its products through retail stores under the brand name Rolex, Tudor, Piaget, Vacheron Constantin, Audemars Piguet, IWC, Jaeger-LeCoultre, Girard Perregaux, Longines, and Omega, among others.

Executives

Bank Of America Corporation	2201 Interest of corporation controlled by you
Yeung Ming Biu	2101 Beneficial owner
Datsun Holdings Limited	2101 Beneficial owner

Oriental Watch Holdings (HKSE:00398) Headlines

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