Arts Optical International Holdings (HKSE:01120) Receivables Turnover : 1.78 (As of Dec. 2023)

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What is Arts Optical International 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. Arts Optical International Holdings's Revenue for the six months ended in Dec. 2023 was HK$630 Mil. Arts Optical International Holdings's average Accounts Receivable for the six months ended in Dec. 2023 was HK$355 Mil. Hence, Arts Optical International Holdings's Receivables Turnover for the six months ended in Dec. 2023 was 1.78.

Arts Optical International Holdings Receivables Turnover Historical Data

The historical data trend for Arts Optical International 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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Arts Optical International Holdings Receivables Turnover Chart

Arts Optical International Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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3.57

3.33

4.48

3.68

3.60

Arts Optical International 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															2.00	1.83	1.78	1.70	1.78

Competitive Comparison of Arts Optical International Holdings's Receivables Turnover

For the Medical Instruments & Supplies subindustry, Arts Optical International 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.

Arts Optical International Holdings's Receivables Turnover Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Arts Optical International Holdings's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Arts Optical International Holdings's Receivables Turnover falls into.

Arts Optical International Holdings Receivables Turnover Calculation

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

Arts Optical International 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 )
=	1196.309	/ (	(310.226	+	353.61)	/	2 )
=	1196.309	/	331.918
=	3.60

Arts Optical International 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 )
=	629.855	/ (	(355.451	+	353.61)	/	2 )
=	629.855	/	354.5305
=	1.78

Arts Optical International Holdings (HKSE:01120) 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.

Arts Optical International Holdings Receivables Turnover Related Terms

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Arts Optical International Holdings (HKSE:01120) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Arts Optical International Holdings Ltd (HKSE:01120) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

55 King Yip Street, King Palace Plaza, Units A to G, 32nd Floor, Kwun Tong, Kowloon, Hong Kong, HKG

Website

https://www.artsgroup.com

Arts Optical International Holdings Ltd is an investment holding company. Through its subsidiaries, it is engaged in the manufacturing and trading of prescription frames, sunglasses and optical lens as well as property holding. It operates in three divisions: Original design manufacturing, Distribution. and Lens division. The group is organized into four segments, which are sales of optical products to customers located in Europe, the United States, Asia, and other regions, of which the majority of the revenue is generated from Europe.

Executives

Ng Hoi Ying, Michael	2202 Interest of your spouse
Wu Zhihong	2101 Beneficial owner
Ng Kim Ying
Webb David Michael	2201 Interest of corporation controlled by you
Fmr Llc	2201 Interest of corporation controlled by you
Ratagan International Company Limited	2101 Beneficial owner
Hsbc International Trustee Limited	2301 Trustee

Arts Optical International Holdings (HKSE:01120) Headlines

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