Chen Hsong Holdings (HKSE:00057) Receivables Turnover : 0.76 (As of Sep. 2023)

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What is Chen Hsong 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. Chen Hsong Holdings's Revenue for the six months ended in Sep. 2023 was HK$1,002 Mil. Chen Hsong Holdings's average Accounts Receivable for the six months ended in Sep. 2023 was HK$1,326 Mil. Hence, Chen Hsong Holdings's Receivables Turnover for the six months ended in Sep. 2023 was 0.76.

Chen Hsong Holdings Receivables Turnover Historical Data

The historical data trend for Chen Hsong 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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Chen Hsong Holdings Receivables Turnover Chart

Chen Hsong Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

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1.89

1.76

2.26

2.19

1.75

Chen Hsong 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															1.45	1.09	1.24	0.87	0.76

Competitive Comparison of Chen Hsong Holdings's Receivables Turnover

For the Specialty Industrial Machinery subindustry, Chen Hsong 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.

Chen Hsong Holdings's Receivables Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Chen Hsong Holdings's Receivables Turnover distribution charts can be found below:

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

Chen Hsong Holdings Receivables Turnover Calculation

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

Chen Hsong 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 )
=	2312.584	/ (	(1245.418	+	1397.251)	/	2 )
=	2312.584	/	1321.3345
=	1.75

Chen Hsong 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 )
=	1002.4	/ (	(1397.251	+	1255.15)	/	2 )
=	1002.4	/	1326.2005
=	0.76

Chen Hsong Holdings (HKSE:00057) 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.

Chen Hsong Holdings Receivables Turnover Related Terms

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Chen Hsong Holdings (HKSE:00057) Business Description

Industry

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CHHGF:USA

Address

18 Whitfield Road, Unit 2001, 20th Floor, Citicorp Centre, Hong Kong, HKG

Website

https://www.chenhsong.com

Chen Hsong Holdings Ltd is an investment holding company it is engaged in the business of manufacture and sale of Plastic injection molding machines and related products. The company's services are used in automotive, packaging, home appliances, consumer electronics, mobile phones, and other businesses. The group operates through the geographic segments of Mainland China and Hong Kong, Taiwan, and Other Overseas Countries. The Mainland China and Hong Kong segment generates maximum revenue for the company.

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