eCargo Holdings (ASX:ECG) Receivables Turnover : 2.04 (As of Dec. 2023)

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What is eCargo 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. eCargo Holdings's Revenue for the six months ended in Dec. 2023 was A$23.09 Mil. eCargo Holdings's average Accounts Receivable for the six months ended in Dec. 2023 was A$11.32 Mil. Hence, eCargo Holdings's Receivables Turnover for the six months ended in Dec. 2023 was 2.04.

eCargo Holdings Receivables Turnover Historical Data

The historical data trend for eCargo 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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eCargo Holdings Receivables Turnover Chart

eCargo Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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9.45

9.44

6.67

5.81

3.72

eCargo Holdings Semi-Annual Data
	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													3.21	2.17	3.87	2.25	2.04

Competitive Comparison of eCargo Holdings's Receivables Turnover

For the Specialty Business Services subindustry, eCargo 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.

eCargo Holdings's Receivables Turnover Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, eCargo Holdings's Receivables Turnover distribution charts can be found below:

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

eCargo Holdings Receivables Turnover Calculation

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

eCargo 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 )
=	36.002	/ (	(4.07	+	15.269)	/	2 )
=	36.002	/	9.6695
=	3.72

eCargo 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 )
=	23.085	/ (	(7.367	+	15.269)	/	2 )
=	23.085	/	11.318
=	2.04

eCargo Holdings (ASX:ECG) 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.

eCargo Holdings Receivables Turnover Related Terms

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eCargo Holdings (ASX:ECG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » eCargo Holdings Ltd (ASX:ECG) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

13103N, ATL Logistics Centre B, 3 Kwai Chung Container Terminals, New Territories, Hong Kong, HKG

Website

https://www.eCargo.com

eCargo Holdings Ltd is an eCommerce business solution provider engaged in the development and provision of eCommerce technologies, integrated offline and online supply chain operations, provision of digital commerce solutions and services and brand distribution.. The company provides integrated online and offline supply chain solutions and operations for designer brands, retailers, and branded manufacturers. Its segments are Digital Commerce Service and Brand Distributions in Greater China. The majority of revenue is generated from the Greater China segment.

eCargo Holdings (ASX:ECG) Headlines

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