EverChina Int'l Holdings Co (HKSE:00202) Receivables Turnover : 1.75 (As of Sep. 2023)

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What is EverChina Int'l Holdings Co 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. EverChina Int'l Holdings Co's Revenue for the six months ended in Sep. 2023 was HK$44.6 Mil. EverChina Int'l Holdings Co's average Accounts Receivable for the six months ended in Sep. 2023 was HK$25.4 Mil. Hence, EverChina Int'l Holdings Co's Receivables Turnover for the six months ended in Sep. 2023 was 1.75.

EverChina Int'l Holdings Co Receivables Turnover Historical Data

The historical data trend for EverChina Int'l Holdings Co'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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EverChina Int'l Holdings Co Receivables Turnover Chart

EverChina Int'l Holdings Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

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0.40

15.97

16.64

31.27

7.45

EverChina Int'l Holdings Co 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															19.89	29.55	9.73	3.18	1.75

Competitive Comparison of EverChina Int'l Holdings Co's Receivables Turnover

For the Conglomerates subindustry, EverChina Int'l Holdings Co'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.

EverChina Int'l Holdings Co's Receivables Turnover Distribution in the Conglomerates Industry

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

* The bar in red indicates where EverChina Int'l Holdings Co's Receivables Turnover falls into.

EverChina Int'l Holdings Co Receivables Turnover Calculation

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

EverChina Int'l Holdings Co'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 )
=	146.392	/ (	(4.371	+	34.934)	/	2 )
=	146.392	/	19.6525
=	7.45

EverChina Int'l Holdings Co'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 )
=	44.605	/ (	(34.934	+	15.946)	/	2 )
=	44.605	/	25.44
=	1.75

EverChina Int'l Holdings Co (HKSE:00202) 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.

EverChina Int'l Holdings Co Receivables Turnover Related Terms

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EverChina Int'l Holdings Co (HKSE:00202) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » EverChina Int'l Holdings Co Ltd (HKSE:00202) » Definitions » Receivables Turnover

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Traded in Other Exchanges

N/A

Address

151 Gloucester Road, Capital Centre, Unit 1506, 15th Floor, Wanchai, Hong Kong, HKG

Website

https://www.everchina202.com.hk

EverChina Int'l Holdings Co Ltd is a Hong Kong-based investment holding company. The company's operating segment include Property investment operation; Hotel operation; Securities investment and financing operation; Resources operation and Agricultural operation. Property investment operation segment is engaged in the leasing of rental property in PRC and Hong Kong. Agricultural operation segment is engaged in the agricultural farming, cattle raising and sales of cattle, soybean, corn, and rice in the Plurinational State of Bolivia. It generates maximum revenue from the Agricultural operation segment. Geographically, it derives a majority of revenue from Bolivia.

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