DL Holdings Group (HKSE:01709) Receivables Turnover : 0.77 (As of Sep. 2023)

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What is DL 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. DL Holdings Group's Revenue for the six months ended in Sep. 2023 was HK$101.3 Mil. DL Holdings Group's average Accounts Receivable for the six months ended in Sep. 2023 was HK$131.0 Mil. Hence, DL Holdings Group's Receivables Turnover for the six months ended in Sep. 2023 was 0.77.

DL Holdings Group Receivables Turnover Historical Data

The historical data trend for DL 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.

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DL Holdings Group Receivables Turnover Chart

DL Holdings Group Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

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9.22

12.13

3.67

1.49

1.10

DL Holdings Group Semi-Annual Data
	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														0.70	0.66	0.60	0.39	0.77

Competitive Comparison of DL Holdings Group's Receivables Turnover

For the Financial Conglomerates subindustry, DL 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.

DL Holdings Group's Receivables Turnover Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, DL Holdings Group's Receivables Turnover distribution charts can be found below:

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

DL Holdings Group Receivables Turnover Calculation

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

DL Holdings Group'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 )
=	191.116	/ (	(211.825	+	134.318)	/	2 )
=	191.116	/	173.0715
=	1.10

DL Holdings Group'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 )
=	101.26	/ (	(134.318	+	127.655)	/	2 )
=	101.26	/	130.9865
=	0.77

DL Holdings Group (HKSE:01709) 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.

DL Holdings Group Receivables Turnover Related Terms

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DL Holdings Group (HKSE:01709) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » DL Holdings Group Ltd (HKSE:01709) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

28 Heung Yip Road, Room 2902, 29th Floor, Vertical Square, Wong Chuk Hang, Hong Kong, HKG

Website

https://www.dlglobalholdings.com

DL Holdings Group Ltd is an investment holding company. It operates in given segments that include Sales of apparel products, Financial services of the licensed business, Money lending services and Enterprise solutions services. Its geographical segments include Europe, America, the Middle East, and the Asia Pacific. The company generates the majority of its revenue from Financial services which include the provision of financial advisory services; securities research services; securities trading and brokerage services; margin financing services; referral services; and investment management and advisory services to the customers.

Executives

Da Wolf Investments I Limited
Rapid Raise Investments Limited
Li Ren
Dl Family Office Global Limited
Chen Ningdi
Jiang Xinrong
Dl Global Holdings Limited	2201 Interest of corporation controlled by you

DL Holdings Group (HKSE:01709) Headlines

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