China Renaissance Holdings (HKSE:01911) Receivables Turnover : 0.97 (As of Jun. 2023)

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What is China Renaissance 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. China Renaissance Holdings's Revenue for the six months ended in Jun. 2023 was HK$753.7 Mil. China Renaissance Holdings's average Accounts Receivable for the six months ended in Jun. 2023 was HK$774.9 Mil. Hence, China Renaissance Holdings's Receivables Turnover for the six months ended in Jun. 2023 was 0.97.

China Renaissance Holdings Receivables Turnover Historical Data

The historical data trend for China Renaissance 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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China Renaissance Holdings Receivables Turnover Chart

China Renaissance Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Receivables Turnover

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4.40

2.55

1.26

2.22

China Renaissance Holdings Semi-Annual Data
	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Jun23
Receivables Turnover	Get a 7-Day Free Trial									0.63	1.09	0.94	1.16	0.97

Competitive Comparison of China Renaissance Holdings's Receivables Turnover

For the Capital Markets subindustry, China Renaissance 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.

China Renaissance Holdings's Receivables Turnover Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, China Renaissance Holdings's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where China Renaissance Holdings's Receivables Turnover falls into.

China Renaissance Holdings Receivables Turnover Calculation

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

China Renaissance Holdings's Receivables Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Receivables Turnover (A: Dec. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2022 )	/ (	(Accounts Receivable (A: Dec. 2021 )	+	Accounts Receivable (A: Dec. 2022 ))	/	count )
=	0	/ (	(428.839	+	1398.942)	/	2 )
=	0	/	913.8905
=	N/A

China Renaissance Holdings's Receivables Turnover for the quarter that ended in Jun. 2023 is calculated as

	Receivables Turnover (Q: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2023 )	/ (	(Accounts Receivable (Q: Jun. 2022 )	+	Accounts Receivable (Q: Jun. 2023 ))	/	count )
=	753.698	/ (	(774.913	+	0)	/	1 )
=	753.698	/	774.913
=	0.97

China Renaissance Holdings (HKSE:01911) 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.

China Renaissance Holdings Receivables Turnover Related Terms

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China Renaissance Holdings (HKSE:01911) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » China Renaissance Holdings Ltd (HKSE:01911) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

CSCHF:USA

Address

No.2A Workers’ Stadium North Road, Pacific Century Place, Gate 1, Space 8, Chaoyang District, Beijing, CHN, 100027

Website

http://www.huaxing.com

China Renaissance Holdings Ltd is an investment banking and investment management company that combines private placement advisory, Merger and Acquisition advisory, securities underwriting, research, sales and trading, investment management, and other financial services. Its segments include Investment Banking, Investment Management, CR Securities, and Others. The company generates maximum revenue from the Investment Management segment.

Executives

Bao Fan
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Infiniti Trust (hong Kong) Limited	2301 Trustee
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China Renaissance Holdings (HKSE:01911) Headlines

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