Cornerstone Financial Holdings (HKSE:08112) Receivables Turnover : 0.70 (As of Dec. 2023)

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What is Cornerstone Financial 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. Cornerstone Financial Holdings's Revenue for the three months ended in Dec. 2023 was HK$14.85 Mil. Cornerstone Financial Holdings's average Accounts Receivable for the three months ended in Dec. 2023 was HK$21.18 Mil. Hence, Cornerstone Financial Holdings's Receivables Turnover for the three months ended in Dec. 2023 was 0.70.

Cornerstone Financial Holdings Receivables Turnover Historical Data

The historical data trend for Cornerstone Financial 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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Cornerstone Financial Holdings Receivables Turnover Chart

Cornerstone Financial Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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4.73

3.79

5.27

3.95

3.09

Cornerstone Financial Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															0.98	0.86	0.73	0.76	0.70

Competitive Comparison of Cornerstone Financial Holdings's Receivables Turnover

For the Advertising Agencies subindustry, Cornerstone Financial 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.

Cornerstone Financial Holdings's Receivables Turnover Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Cornerstone Financial Holdings's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Cornerstone Financial Holdings's Receivables Turnover falls into.

Cornerstone Financial Holdings Receivables Turnover Calculation

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

Cornerstone Financial 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 )
=	57.961	/ (	(16.384	+	21.18)	/	2 )
=	57.961	/	18.782
=	3.09

Cornerstone Financial 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: Sep. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	14.849	/ (	(0	+	21.18)	/	1 )
=	14.849	/	21.18
=	0.70

Cornerstone Financial Holdings (HKSE:08112) 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.

Cornerstone Financial Holdings Receivables Turnover Related Terms

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Cornerstone Financial Holdings (HKSE:08112) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Cornerstone Financial Holdings Ltd (HKSE:08112) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

18 Hysan Avenue, Room 802, 8th Floor, Lee Garden Five, Causeway Bay, Hong Kong, HKG

Website

http://www.cs8112.com

Cornerstone Financial Holdings Ltd is an investment holding company. Its operating segment includes Advertising and Media, Financial Services, and Retail of skin care products. It generates maximum revenue from the Advertising and media segment. Geographically it operates in Hong Kong and Singapore and the majority of its revenue is from Hong Kong.

Executives

Masan Capital Limited	2102 Investment manager
Masan Multi Strategy Fund Spc - Masan Hk Equity Fund Sp	2101 Beneficial owner
Top Lion International Limited	2201 Interest of corporation controlled by you

Cornerstone Financial Holdings (HKSE:08112) Headlines

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