Shenguan Holdings Group (HKSE:00829) Receivables Turnover : 3.96 (As of Dec. 2023)

View and export this data going back to 2009. Start your Free Trial

What is Shenguan Holdings Group 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. Shenguan Holdings Group's Revenue for the six months ended in Dec. 2023 was HK$657 Mil. Shenguan Holdings Group's average Accounts Receivable for the six months ended in Dec. 2023 was HK$166 Mil. Hence, Shenguan Holdings Group's Receivables Turnover for the six months ended in Dec. 2023 was 3.96.

Shenguan Holdings Group Receivables Turnover Historical Data

The historical data trend for Shenguan Holdings Group'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.

* Premium members only.

Shenguan Holdings Group Receivables Turnover Chart

Shenguan Holdings Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

Get a 7-Day Free Trial

4.77

5.79

7.78

6.35

8.03

Shenguan Holdings Group 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															3.23	2.47	3.68	3.19	3.96

Competitive Comparison of Shenguan Holdings Group's Receivables Turnover

For the Packaged Foods subindustry, Shenguan Holdings Group'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.

Shenguan Holdings Group's Receivables Turnover Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Shenguan Holdings Group's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Shenguan Holdings Group's Receivables Turnover falls into.

Shenguan Holdings Group Receivables Turnover Calculation

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

Shenguan Holdings Group'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 )
=	1214.545	/ (	(159.934	+	142.596)	/	2 )
=	1214.545	/	151.265
=	8.03

Shenguan Holdings Group'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 )
=	657.477	/ (	(189.376	+	142.596)	/	2 )
=	657.477	/	165.986
=	3.96

Shenguan Holdings Group (HKSE:00829) 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.

Shenguan Holdings Group Receivables Turnover Related Terms

Thank you for viewing the detailed overview of Shenguan Holdings Group's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Shenguan Holdings Group (HKSE:00829) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Shenguan Holdings Group Ltd (HKSE:00829) » Definitions » Receivables Turnover

Traded in Other Exchanges

S2N:Germany

Address

255–257 Gloucester Road, Unit 2902, Sino Plaza, Causeway Bay, Hong Kong, HKG

Website

http://www.shenguan.com.hk

Shenguan Holdings Group Ltd is an investment holding company. It is engaged in the manufacture and sale of edible collagen sausage casing products, pharmaceutical products, food products, skincare and health care products, and bioactive collagen products. The company generates a majority of its revenue from edible collagen sausage casing products. Geographically, the firm generates a majority of its revenue from the People's Republic of China.

Shenguan Holdings Group (HKSE:00829) Headlines

No Headlines