Enviro Energy International Holdings (Enviro Energy International Holdings) Receivables Turnover : 7.63 (As of Dec. 2023)

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What is Enviro Energy 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. Enviro Energy International Holdings's Revenue for the six months ended in Dec. 2023 was $37.02 Mil. Enviro Energy International Holdings's average Accounts Receivable for the six months ended in Dec. 2023 was $4.85 Mil. Hence, Enviro Energy International Holdings's Receivables Turnover for the six months ended in Dec. 2023 was 7.63.

Enviro Energy International Holdings Receivables Turnover Historical Data

The historical data trend for Enviro Energy 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.

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Enviro Energy International Holdings Receivables Turnover Chart

Enviro Energy International Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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3.16

2.71

25.28

5.19

8.22

Enviro Energy International 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															1.64	-	5.23	3.25	7.63

Competitive Comparison of Enviro Energy International Holdings's Receivables Turnover

For the Building Materials subindustry, Enviro Energy 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.

Enviro Energy International Holdings's Receivables Turnover Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Enviro Energy International Holdings's Receivables Turnover distribution charts can be found below:

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

Enviro Energy International Holdings Receivables Turnover Calculation

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

Enviro Energy International 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 )
=	68.056	/ (	(12.938	+	3.628)	/	2 )
=	68.056	/	8.283
=	8.22

Enviro Energy International 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 )
=	37.015	/ (	(6.079	+	3.628)	/	2 )
=	37.015	/	4.8535
=	7.63

Enviro Energy International Holdings (OTCPK:EIHLF) 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.

Enviro Energy International Holdings Receivables Turnover Related Terms

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Enviro Energy International Holdings (Enviro Energy International Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Enviro Energy International Holdings Ltd (OTCPK:EIHLF) » Definitions » Receivables Turnover

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01102:Hong Kong

Address

No. 9 Des Voeux Road West, 20 Floor, Sheung Wan, Hong Kong, HKG

Website

http://www.enviro-energy.com.hk

Enviro Energy International Holdings Ltd is an investment holding company engaged in the sales of materials business and property investment in Hong Kong and the People's Republic of China. It has two operating segments; the Sale of materials business segment and Properties investment segment. Its Sale of materials business segment generates the majority of its revenue. Geographically, it derives a majority of its revenue from the People's Republic of China.

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