Greater China Financial Holdings (HKSE:00431) Receivables Turnover : 0.28 (As of Dec. 2023)

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What is Greater China Financial 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. Greater China Financial Holdings's Revenue for the six months ended in Dec. 2023 was HK$14.32 Mil. Greater China Financial Holdings's average Accounts Receivable for the six months ended in Dec. 2023 was HK$50.66 Mil. Hence, Greater China Financial Holdings's Receivables Turnover for the six months ended in Dec. 2023 was 0.28.

Greater China Financial Holdings Receivables Turnover Historical Data

The historical data trend for Greater China Financial 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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Greater China Financial Holdings Receivables Turnover Chart

Greater China Financial Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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4.92

12.59

8.49

8.98

4.66

Greater China Financial 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															3.90	4.61	3.49	0.61	0.28

Competitive Comparison of Greater China Financial Holdings's Receivables Turnover

For the Credit Services subindustry, Greater China Financial 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.

Greater China Financial Holdings's Receivables Turnover Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Greater China Financial Holdings's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Greater China Financial Holdings's Receivables Turnover falls into.

Greater China Financial Holdings Receivables Turnover Calculation

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

Greater China Financial 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 )
=	49.41	/ (	(17.91	+	3.318)	/	2 )
=	49.41	/	10.614
=	4.66

Greater China Financial 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 )
=	14.317	/ (	(98	+	3.318)	/	2 )
=	14.317	/	50.659
=	0.28

Greater China Financial Holdings (HKSE:00431) 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.

Greater China Financial Holdings Receivables Turnover Related Terms

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Greater China Financial Holdings (HKSE:00431) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Greater China Financial Holdings Ltd (HKSE:00431) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 Matheson Street, Suites 3612-16, 36th Floor, Tower Two, Times Square, Causeway Bay, Hong Kong, HKG

Website

https://www.greaterchina.com.hk

Greater China Financial Holdings Ltd, through its subsidiaries, is engaged in investment holding, industrial property development, general trading of consumable goods, securities brokerage, insurance brokerage, asset management and loan financing operation including loan financing, financial guarantee services, loan referral and consultancy services. It generates maximum revenue from the loan financing operation segment. It operates in Hong Kong and the PRC. Geographically, it derives a majority of revenue from China.

Executives

Liu Kequan	2101 Beneficial owner
Chen Zheng	2201 Interest of corporation controlled by you
Skill Rich Limited	2101 Beneficial owner
Chu Lam Yiu	2101 Beneficial owner
Eastern Spring Global Limited	2101 Beneficial owner
Yang Dayong
Greater China Financial Holdings Limited	2201 Interest of corporation controlled by you
Harmonic Edge Limited	2106 Person having a security interest in shares
Liang Miaoxin	2202 Interest of your spouse

Greater China Financial Holdings (HKSE:00431) Headlines

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