Daisho Microline Holdings (HKSE:00567) Receivables Turnover : 2.56 (As of Sep. 2023)

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What is Daisho Microline 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. Daisho Microline Holdings's Revenue for the six months ended in Sep. 2023 was HK$37.29 Mil. Daisho Microline Holdings's average Accounts Receivable for the six months ended in Sep. 2023 was HK$14.58 Mil. Hence, Daisho Microline Holdings's Receivables Turnover for the six months ended in Sep. 2023 was 2.56.

Daisho Microline Holdings Receivables Turnover Historical Data

The historical data trend for Daisho Microline 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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Daisho Microline Holdings Receivables Turnover Chart

Daisho Microline Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

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5.63

4.33

1.10

3.52

3.77

Daisho Microline 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															1.52	1.74	1.60	1.72	2.56

Competitive Comparison of Daisho Microline Holdings's Receivables Turnover

For the Packaging & Containers subindustry, Daisho Microline 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.

Daisho Microline Holdings's Receivables Turnover Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Daisho Microline Holdings's Receivables Turnover distribution charts can be found below:

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

Daisho Microline Holdings Receivables Turnover Calculation

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

Daisho Microline 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 )
=	83.758	/ (	(29.81	+	14.578)	/	2 )
=	83.758	/	22.194
=	3.77

Daisho Microline 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 )
=	37.288	/ (	(14.578	+	14.579)	/	2 )
=	37.288	/	14.5785
=	2.56

Daisho Microline Holdings (HKSE:00567) 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.

Daisho Microline Holdings Receivables Turnover Related Terms

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Daisho Microline Holdings (HKSE:00567) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Daisho Microline Holdings Ltd (HKSE:00567) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

33 Lee Chung Street, Unit A, 10th Floor, Fook Hing Industrial Building, Chai Wan, Hong Kong, HKG

Website

http://www.daisho-microline.com

Daisho Microline Holdings Ltd is an investment holding company. The company's segment includes the Manufacturing and trading of printed circuit boards; and the Manufacturing and trading of printing and packaging products. The company generates maximum revenue from the Manufacturing and trading of printing and packaging products segment.

Executives

Ng Man Chan	2101 Beneficial owner
Li Mi Lai	2202 Interest of your spouse
Ng Man Chan	2103 Interests held jointly with another person
Chu Yuet Wah	2201 Interest of corporation controlled by you
Spring Global Enterprises Limited	2101 Beneficial owner
Cheung Ling Mun	2101 Beneficial owner
Ample Cheer Limited	2201 Interest of corporation controlled by you
Kingston Finance Limited	2106 Person having a security interest in shares
Apact Consultancy (hong Kong) Company Limited	2102 Investment manager
Cheung Lai Ming	2101 Beneficial owner
Cheung Lai Na	2301 Trustee

Daisho Microline Holdings (HKSE:00567) Headlines

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