E I L Holdings (E I L Holdings) Receivables Turnover : 2.04 (As of Jun. 2023)

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What is E I L 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. E I L Holdings's Revenue for the six months ended in Jun. 2023 was $40.02 Mil. E I L Holdings's average Accounts Receivable for the six months ended in Jun. 2023 was $19.65 Mil. Hence, E I L Holdings's Receivables Turnover for the six months ended in Jun. 2023 was 2.04.

E I L Holdings Receivables Turnover Historical Data

The historical data trend for E I L 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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E I L Holdings Receivables Turnover Chart

E I L Holdings Annual Data

Trend

Dec21

Dec22

Receivables Turnover

4.06

4.26

E I L Holdings Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23
Receivables Turnover	-	2.16	2.07	2.04

Competitive Comparison of E I L Holdings's Receivables Turnover

For the Electronic Components subindustry, E I L 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.

E I L Holdings's Receivables Turnover Distribution in the Hardware Industry

For the Hardware industry and Technology sector, E I L Holdings's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where E I L Holdings's Receivables Turnover falls into.

E I L Holdings Receivables Turnover Calculation

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

E I L Holdings's Receivables Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Receivables Turnover (A: Dec. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2022 )	/ (	(Accounts Receivable (A: Dec. 2021 )	+	Accounts Receivable (A: Dec. 2022 ))	/	count )
=	85.03	/ (	(20.864	+	19.043)	/	2 )
=	85.03	/	19.9535
=	4.26

E I L Holdings's Receivables Turnover for the quarter that ended in Jun. 2023 is calculated as

	Receivables Turnover (Q: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2023 )	/ (	(Accounts Receivable (Q: Dec. 2022 )	+	Accounts Receivable (Q: Jun. 2023 ))	/	count )
=	40.022	/ (	(19.043	+	20.258)	/	2 )
=	40.022	/	19.6505
=	2.04

E I L Holdings (NAS:EIL) 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.

E I L Holdings Receivables Turnover Related Terms

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E I L Holdings (E I L Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » E I L Holdings Ltd (NAS:EIL) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Unit A, 17/F, Mai Wah Industrial Building, 1-7 Wah Sing Street, Kwai Chung, Hong Kong, HKG

Website

E I L Holdings Ltd is a company principally engaged in the supply of electronic components and sensors to our customers and have positioned themselves as a value-added electronic component, sensor and engineering solutions provider able to provide sensors and components, engineering solutions and reference design, consultation of application feasibility study and professional logistics services in bridging customers and electronic component producers in the electronics industry.

E I L Holdings (E I L Holdings) Headlines

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