Vinda International Holdings (HKSE:03331) Receivables Turnover : 4.50 (As of Dec. 2023)

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What is Vinda 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. Vinda International Holdings's Revenue for the six months ended in Dec. 2023 was HK$9,929 Mil. Vinda International Holdings's average Accounts Receivable for the six months ended in Dec. 2023 was HK$2,209 Mil. Hence, Vinda International Holdings's Receivables Turnover for the six months ended in Dec. 2023 was 4.50.

Vinda International Holdings Receivables Turnover Historical Data

The historical data trend for Vinda 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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Vinda International Holdings Receivables Turnover Chart

Vinda International Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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8.39

7.61

7.82

8.31

9.31

Vinda 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															3.84	4.06	4.11	4.23	4.50

Competitive Comparison of Vinda International Holdings's Receivables Turnover

For the Household & Personal Products subindustry, Vinda 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.

Vinda International Holdings's Receivables Turnover Distribution in the Consumer Packaged Goods Industry

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

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

Vinda International Holdings Receivables Turnover Calculation

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

Vinda 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 )
=	19999.1	/ (	(2320.506	+	1977.12)	/	2 )
=	19999.1	/	2148.813
=	9.31

Vinda 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 )
=	9929.49	/ (	(2439.959	+	1977.12)	/	2 )
=	9929.49	/	2208.5395
=	4.50

Vinda International Holdings (HKSE:03331) 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.

Vinda International Holdings Receivables Turnover Related Terms

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Vinda International Holdings (HKSE:03331) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Vinda International Holdings Ltd (HKSE:03331) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

VDAHF:USA 31V:Germany

Address

98 Granville Road, Penthouse, East Ocean Centre, Tsim Sha Tsui East, Kowloon, Hong Kong, HKG

Website

http://www.vinda.com

Vinda International Holdings Ltd is an investment holding company. Along with its subsidiaries, the company manufactures and sells a range of tissue paper and personal care products in the market. Its reportable segments are Household paper products which account for the majority of its revenue, and Personal care products. The group has a business presence in Mainland China, Hong Kong, Malaysia, Japan, Taiwan, and other countries, of which key revenue is derived from Mainland China.

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