Vitasoy International Holdings (Vitasoy International Holdings) Receivables Turnover : 4.05 (As of Sep. 2023)

View and export this data going back to 2009. Start your Free Trial

What is Vitasoy 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. Vitasoy International Holdings's Revenue for the six months ended in Sep. 2023 was $433.2 Mil. Vitasoy International Holdings's average Accounts Receivable for the six months ended in Sep. 2023 was $107.0 Mil. Hence, Vitasoy International Holdings's Receivables Turnover for the six months ended in Sep. 2023 was 4.05.

Vitasoy International Holdings Receivables Turnover Historical Data

The historical data trend for Vitasoy 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.

* Premium members only.

Vitasoy International Holdings Receivables Turnover Chart

Vitasoy International Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

Get a 7-Day Free Trial

10.43

10.21

9.84

7.97

7.94

Vitasoy International Holdings Semi-Annual Data
	Mar14	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															4.29	3.48	4.08	3.06	4.05

Competitive Comparison of Vitasoy International Holdings's Receivables Turnover

For the Packaged Foods subindustry, Vitasoy 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.

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

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

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

Vitasoy International Holdings Receivables Turnover Calculation

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

Vitasoy International Holdings'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 )
=	807.848	/ (	(102.84	+	100.521)	/	2 )
=	807.848	/	101.6805
=	7.94

Vitasoy International Holdings'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 )
=	433.183	/ (	(100.521	+	113.478)	/	2 )
=	433.183	/	106.9995
=	4.05

Vitasoy International Holdings (OTCPK:VTSYF) 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.

Vitasoy International Holdings Receivables Turnover Related Terms

Thank you for viewing the detailed overview of Vitasoy International Holdings's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Vitasoy International Holdings (Vitasoy International Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Vitasoy International Holdings Ltd (OTCPK:VTSYF) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

00345:Hong Kong

Address

Number 1 Kin Wong Street, Tuen Mun, New Territories, Hong Kong, HKG

Website

https://www.vitasoy.com

Vitasoy International Holdings Ltd manufactures and sells tofu, soy and other plant-based milks, dairy milk, juice, and packaged tea and water. Vitasoy's brands include Vitasoy, Vita, Calci-Plus, Sansui, and Unicurd. Its two biggest markets are China and Hong Kong, which collectively account for more than three-quarters of the company's sales. Most remaining sales are generated in North America, Australia, New Zealand, and Singapore, although the company's products are sold in roughly 40 countries worldwide.

Vitasoy International Holdings (Vitasoy International Holdings) Headlines

From GuruFocus

3 Emerging Market Picks for Risky Times

By Sheila Dang Sheila Dang • 01-12-2016