Haosen Fintech Group (HKSE:03848) Receivables Turnover : 11.59 (As of Dec. 2023)

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What is Haosen Fintech 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. Haosen Fintech Group's Revenue for the six months ended in Dec. 2023 was HK$63.7 Mil. Haosen Fintech Group's average Accounts Receivable for the six months ended in Dec. 2023 was HK$5.5 Mil. Hence, Haosen Fintech Group's Receivables Turnover for the six months ended in Dec. 2023 was 11.59.

Haosen Fintech Group Receivables Turnover Historical Data

The historical data trend for Haosen Fintech 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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Haosen Fintech Group Receivables Turnover Chart

Haosen Fintech Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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19.01

12.68

13.19

20.57

27.33

Haosen Fintech Group Semi-Annual Data
	Dec14	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													8.19	7.35	13.68	14.53	11.59

Competitive Comparison of Haosen Fintech Group's Receivables Turnover

For the Credit Services subindustry, Haosen Fintech 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.

Haosen Fintech Group's Receivables Turnover Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Haosen Fintech Group's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Haosen Fintech Group's Receivables Turnover falls into.

Haosen Fintech Group Receivables Turnover Calculation

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

Haosen Fintech 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 )
=	124.005	/ (	(3.185	+	5.89)	/	2 )
=	124.005	/	4.5375
=	27.33

Haosen Fintech 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 )
=	63.739	/ (	(5.113	+	5.89)	/	2 )
=	63.739	/	5.5015
=	11.59

Haosen Fintech Group (HKSE:03848) 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.

Haosen Fintech Group Receivables Turnover Related Terms

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Haosen Fintech Group (HKSE:03848) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Haosen Fintech Group Ltd (HKSE:03848) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

26 Harbour Road, Room 3402, 34th Floor, China Resources Building, Wanchai, Hong Kong, HKG

Website

https://www.cwl.com

Haosen Fintech Group Ltd Formerly Wealthy Way Group Ltd is engaged in the financial services company. The company's segment includes Finance lease and factoring related services; Micro credit and loan facilitation related services and Securities dealing and broking and other financial services. It generates majority of its revenue from the Micro credit and loan facilitation related services segment. Geographically, it derives a majority of its revenue from China.

Executives

Wealthy Rise Investment Limited	2201 Interest of corporation controlled by you
Zhong Guo Jin Chu Kou Yin Hang	2106 Person having a security interest in shares
Lin Yihong	2201 Interest of corporation controlled by you
Lo Wai Ho	2201 Interest of corporation controlled by you

Haosen Fintech Group (HKSE:03848) Headlines

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