Hengdeli Holdings (Hengdeli Holdings) Receivables Turnover : 2.29 (As of Dec. 2023)

View and export this data going back to 2011. Start your Free Trial

What is Hengdeli 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. Hengdeli Holdings's Revenue for the six months ended in Dec. 2023 was $104.5 Mil. Hengdeli Holdings's average Accounts Receivable for the six months ended in Dec. 2023 was $45.6 Mil. Hence, Hengdeli Holdings's Receivables Turnover for the six months ended in Dec. 2023 was 2.29.

Hengdeli Holdings Receivables Turnover Historical Data

The historical data trend for Hengdeli 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.

Hengdeli Holdings Receivables Turnover Chart

Hengdeli Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

Get a 7-Day Free Trial

13.44

7.23

3.36

2.91

4.12

Hengdeli 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															1.70	1.51	1.46	2.03	2.29

Competitive Comparison of Hengdeli Holdings's Receivables Turnover

For the Conglomerates subindustry, Hengdeli 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.

Hengdeli Holdings's Receivables Turnover Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Hengdeli Holdings's Receivables Turnover distribution charts can be found below:

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

Hengdeli Holdings Receivables Turnover Calculation

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

Hengdeli 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 )
=	199.078	/ (	(49.175	+	47.413)	/	2 )
=	199.078	/	48.294
=	4.12

Hengdeli 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 )
=	104.455	/ (	(43.74	+	47.413)	/	2 )
=	104.455	/	45.5765
=	2.29

Hengdeli Holdings (OTCPK:HENGY) 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.

Hengdeli Holdings Receivables Turnover Related Terms

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

Hengdeli Holdings (Hengdeli Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Hengdeli Holdings Ltd (OTCPK:HENGY) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

03389:Hong Kong XYUA:Germany

Address

28 Canton Road, Room 301, 3rd Floor, Lippo Sun Plaza, Tsim Sha Tsui, Kowloon, Hong Kong, HKG

Website

http://www.hengdeligroup.com

Hengdeli Holdings Ltd is primarily engaged in the retail and trading of watches and jewellery with comprehensive related customer services and maintenance, manufacturing of watch accessories, provision of shop design and decoration service, and trading of iron ore. The operating segments of the group are High-end consuming accessories; Watches retail and trading and Commodity trading. It has a business presence mainly in Mainland China, Hong Kong, Taiwan, and Malaysia.

Hengdeli Holdings (Hengdeli Holdings) Headlines

From GuruFocus

Hengdeli narrowed its loss by 91.3% in 1H2023

By ACN Newswire • 08-27-2023

David Herro Comments on Hengdeli Holdings

By Holly LaFon Holly LaFon • 04-08-2014