Luk Fook Holdings (International) (HKSE:00590) Receivables Turnover : 37.33 (As of Sep. 2023)

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What is Luk Fook Holdings (International) 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. Luk Fook Holdings (International)'s Revenue for the six months ended in Sep. 2023 was HK$7,486 Mil. Luk Fook Holdings (International)'s average Accounts Receivable for the six months ended in Sep. 2023 was HK$201 Mil. Hence, Luk Fook Holdings (International)'s Receivables Turnover for the six months ended in Sep. 2023 was 37.33.

Luk Fook Holdings (International) Receivables Turnover Historical Data

The historical data trend for Luk Fook Holdings (International)'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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Luk Fook Holdings (International) Receivables Turnover Chart

Luk Fook Holdings (International) Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

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43.90

37.83

34.84

50.48

59.66

Luk Fook Holdings (International) 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															24.18	32.96	30.08	32.29	37.33

Competitive Comparison of Luk Fook Holdings (International)'s Receivables Turnover

For the Luxury Goods subindustry, Luk Fook Holdings (International)'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.

Luk Fook Holdings (International)'s Receivables Turnover Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Luk Fook Holdings (International)'s Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Luk Fook Holdings (International)'s Receivables Turnover falls into.

Luk Fook Holdings (International) Receivables Turnover Calculation

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

Luk Fook Holdings (International)'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 )
=	11977.844	/ (	(187.711	+	213.823)	/	2 )
=	11977.844	/	200.767
=	59.66

Luk Fook Holdings (International)'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 )
=	7486.031	/ (	(213.823	+	187.262)	/	2 )
=	7486.031	/	200.5425
=	37.33

Luk Fook Holdings (International) (HKSE:00590) 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.

Luk Fook Holdings (International) Receivables Turnover Related Terms

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Luk Fook Holdings (International) (HKSE:00590) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Luk Fook Holdings (International) Ltd (HKSE:00590) » Definitions » Receivables Turnover

Traded in Other Exchanges

LKFLF:USA LUY1:Germany

Address

No. 2 On Yiu Street, 15th, 20th, 25th & 27th Floors, Metropole Square, Shatin, New Territories, Hong Kong, HKG

Website

https://www.lukfook.com

Luk Fook Holdings (International) Ltd is a Hong Kong-based investment holding company. The company is engaged in the sourcing, designing, wholesaling, trademark licensing and retailing of a variety of gold and platinum jewelry and gem-set jewelry products. It operates through the following five segments: Retailing in Hong Kong, Macau and Overseas; Retailing in Mainland China; Wholesaling in Hong Kong; Wholesaling in Mainland China; and Licensing. The company generates maximum revenue from Retailing in Hong Kong, Macau and Overseas segments.

Luk Fook Holdings (International) (HKSE:00590) Headlines

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